This well-maintained five-unit apartment building presents a rare investment opportunity in Kirkland, where limited housing supply and strong rental demand support long-term value growth. Built in 1962 on a 10,000-square-foot PLA 6E-zoned lot, the property includes four renovated two-bedroom, one-bathroom units (850 SF each) and one fully renovated 450 SF… Read More studio. Over the past decade, units have been upgraded with LVP flooring, modern cabinetry, updated countertops, and renovated bathrooms, helping sustain strong tenant demand. The four two-bedroom units feature private balconies and in-unit washers and dryers, while the studio has a dedicated washer and dryer nearby. Each unit also includes a storage locker, currently provided at no charge, creating potential for additional income. Four covered parking spaces are likewise offered free to tenants, presenting further revenue upside. The property currently generates $11,875 per month in gross rental income and offers strong in-place cash flow with long-term stability. Located in Kirkland’s desirable Moss Bay neighborhood, it is within walking distance of Google’s Kirkland campuses, downtown Kirkland, Marina Park, restaurants, and shops. Nearby access to the Cross Kirkland Corridor and I-405 enhances connectivity to Bellevue and Seattle, supporting continued tenant demand and future rental growth. Read Less
Listing courtesy of Paragon Real Estate Advisors
Listing Snapshot
Cumulative Days On Market
3
Days on Website
3
Last Updated
Property Type
Multi Family
Square Ft.
3,850
Lot Size
0.23 Acres
Year Built
1962
Property Tax
$15,635
MLS Number
2570088
30 Days Snapshot Of 98033
$1.75M
-17%
(avg) sold price
44
-45%
homes sold
59
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 3850, Building Area Units: Square Feet, Calculated Square Footage: 3850, Construction Materials: Wood, Elevation Units: Feet, Leasable Area: 3850, Living Area: 0, Number Of Units Total: 5, Stories Total: 3, Structure Type: Multi Family, Units In Building Total: 5, Year Built: 1962
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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