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Maple Apartments 14132 37th Ave S 14 Unit Apartment Building $3,410,600 CAD ($243,614 CAD/Unit) 5.57% Cap Rate Tukwila, WA 98168
Investment Highlights
- Seller Financing Available (30% Down, 5% Interest Only)
- Less than 5 minutes from Tukwila Light Rail Station
- Value-Add Opportunity
- First time on market in 30 years
- Close to Seattle-Tacoma International Airport
Executive Summary
Seller Financing Available (30% down, 5% Interest Only)
The Maple Apartments present a strong value-add investment opportunity located just minutes from Seattle-Tacoma International Airport and the Tukwila International Blvd Light Rail Station. Built in 1967, the property comprises well-configured one-bedroom and two-bedroom units, complemented by an open parking lot, a spacious backyard, and an oversized basement and owner storage area.
Residents benefit from a convenient commute to the airport, close proximity to Juba Shopping Mall and Tukwila Village, and excellent regional connectivity via Interstate 5, Interstate 405, and State Route 518. These major highways provide quick access to Downtown Seattle, the Eastside, and surrounding employment centers, enhancing the property’s appeal for renters.
Situated just south of Downtown Seattle, Tukwila has established itself as a major commercial and retail hub. Its strategic location, strong transportation network, and continued growth make it an increasingly attractive market for both residents and investors.
The Maple Apartments present a strong value-add investment opportunity located just minutes from Seattle-Tacoma International Airport and the Tukwila International Blvd Light Rail Station. Built in 1967, the property comprises well-configured one-bedroom and two-bedroom units, complemented by an open parking lot, a spacious backyard, and an oversized basement and owner storage area.
Residents benefit from a convenient commute to the airport, close proximity to Juba Shopping Mall and Tukwila Village, and excellent regional connectivity via Interstate 5, Interstate 405, and State Route 518. These major highways provide quick access to Downtown Seattle, the Eastside, and surrounding employment centers, enhancing the property’s appeal for renters.
Situated just south of Downtown Seattle, Tukwila has established itself as a major commercial and retail hub. Its strategic location, strong transportation network, and continued growth make it an increasingly attractive market for both residents and investors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,410,600 CAD | Building Class | C |
| Price Per Unit | $243,614 CAD | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 8,200 SF |
| Cap Rate | 5.57% | Average Occupancy | 95% |
| Gross Rent Multiplier | 9.74 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1967 |
| Property Type | Multifamily | Parking Ratio | 1.83/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MDR | ||
| Price | $3,410,600 CAD |
| Price Per Unit | $243,614 CAD |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 9.74 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 8,200 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MDR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,978 CAD | 581 |
| 2+1 | 4 | $2,456 CAD | 821 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 161000-0216 | Total Assessment | $2,607,063 CAD (2024) |
| Land Assessment | $413,501 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,193,562 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
161000-0216
Land Assessment
$413,501 CAD (2024)
Improvements Assessment
$2,193,562 CAD (2024)
Total Assessment
$2,607,063 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Maple Apartments | 14132 37th Ave S
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