Seller Financing is available for qualified buyers, with terms of 25% down, 5-year term, and 5% interest-only payments. The Bellevue Fourplex consists of four spacious two-bedroom, one-bathroom units averaging 1,038 square feet each, with a total net rentable area of 4,150 square feet on an 8,178 square foot lot.… Read More Each unit features in-unit washers and dryers, double-pane vinyl windows, and an attached garage, with tenants responsible for all utilities. The property has been meticulously maintained, including an approximately eight-year-old TPO membrane roof. Current rents average $2,168 per unit, while market rents are $2,500 per unit, presenting a new owner with immediate rental upside through light interior renovations. The property benefits from proximity to Kelsey Creek Center, a well-established neighborhood retail hub. Anchored by a mix of grocery, dining, and service-oriented tenants, the center enhances day-to-day livability and serves as a strong amenity for residents, supporting long-term tenant demand and overall appeal. Ideally located just minutes from Downtown Bellevue, T-Mobile headquarters, Microsoft’s Redmond campus, and with quick access to I-90 and I-405, the Bellevue Fourplex offers a compelling combination of location, in-place income, and rental upside in a market defined by limited supply and strong tenant demand. Read Less
Listing courtesy of Paragon Real Estate Advisors
Listing Snapshot
Cumulative Days On Market
0
Days on Website
0
Last Updated
Property Type
Quadruplex
Square Ft.
4,150
Lot Size
0.19 Acres
Year Built
1969
Property Tax
$12,454
MLS Number
2522417
30 Days Snapshot Of 98007
$1.15M
-13%
(avg) sold price
12
0%
homes sold
74
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 4150, Building Area Units: Square Feet, Calculated Square Footage: 4150, Elevation Units: Feet, Leasable Area: 4150, Living Area: 0, Number Of Units Total: 4, Stories Total: 2, Structure Type: "Quadruplex", Units In Building Total: 4, Year Built: 1969
Expenses
Other Expense: 5216
Exterior Features
Exterior Features: "Brick", "Wood Products"
Fireplaces
Fireplaces Total: 0
Floors
Flooring: "Laminate", "Carpet"
Foundation
Foundation Details: "Poured Concrete"
Garage
Garage Spaces: 4
Home Owner's Association
Association Fee Frequency: Annually, Association Fee: $516
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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