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$2,300,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family

Listed by Will Douglas | Paragon Real Estate Advisors | (206) 623-8880 and Ryan Iles | Paragon Real Estate Advisors | (206) 623-8880

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Partially completed (75%) mixed-use apartment building located in the excellent community of Normandy Park. Normandy Park is one of the fastest growing suburbs in King County and is well-positioned for success with high rental demand and very little nearby new construction. Approx 2,596 SF of commercial space on the 1st floor that has been divided into 6 live-work units offering flexibility. The 2nd and 3rd floors are comprised of 6 large, condo-style residential units with a total of approx. 7,000 SF. The large 13,673 SF lot has 18 off-street parking stalls, two of which are ADA accessible. The flexibility and short timeline to finish a new product makes this a very unique and lucrative opportunity for the future owner.

Full Property Details for 18449 1st Ave S

General

  • Price: $2,300,000
  • Taxes: $27,418 (2024)
  • Status: Pending
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2400365
  • Updated: 10/10/2025
  • Added to Site: 200 day(s) ago

Parking

  • Uncovered Spaces: 18

Location

  • Area: 130 - Burien/Normandy Park
  • County: King
  • Subdivision: Normandy Park
  • Driving Directions: From I5S take exit for WA 518 W. Take Des Moines Mem Dr (DMD) Exit. Left on DMD. Left to stay on DMD. Slight Right on S Normandy Rd. Left on 1st Ave S. Property is on the left.

School Information

  • High School District: Highline

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: Heat Pump

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Construction Status: Under Construction
  • Exterior Const.: Cement Planked, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 3
  • Square Feet: 15,781
  • Year Built: 2019
  • Property Condition: Under Construction

Unit Information

  • Units in Building: 12

Lot Features

  • Lot Size (Acres): 0.3139
  • Lot Size (Sq. Ft.): 13,673
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Amount: $27,418
  • Tax Year: 2024
  • Terms: Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 502000200

Listed by Will Douglas | Paragon Real Estate Advisors | (206) 623-8880 and Ryan Iles | Paragon Real Estate Advisors | (206) 623-8880

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NMLS#: 1598647

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Schools serving 18449 1st Ave S

School District:Highline School District
NameGradesDistance
Marvista Elementary School
19800 Marine View Drive Southwest, Normandy Park, WA 98166
K-50.9 mi
Sylvester Middle School
16222 Sylvester Road Southwest, Burien, WA 98166
6-81.5 mi
Mount Rainier High School
22450 19th Avenue South, Des Moines, WA 98198
9-122.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18449 1st Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/01/2025
Listed
$2,300,000
15%
MLS
9/15/2020
Sold
$2,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 18449 1st Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$27,418
—
$2,014,600
7%
2024
$27,418
-56%
$1,875,400
—
2022
$62,467
211%
$1,875,400
25%
2021
$20,062
56%
$1,496,950
55%
2020
$12,866
308%
$963,000
100%
2019
$3,155
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Will Douglas | Paragon Real Estate Advisors | (206) 623-8880 and Ryan Iles | Paragon Real Estate Advisors | (206) 623-8880

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18449 1st Avenue S, Normandy Park, WA 98148 (MLS# 2400365) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 18449 1st Avenue S is currently listed for $2,300,000 and was received on July 01, 2025. Want to learn more about 18449 1st Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Normandy Park? You can browse all Normandy Park real estate or contact a Coldwell Banker agent to request more information.

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