845 Kirkland Way, Kirkland, WA 98033
- $2,150,000
- 3,456
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Heaton Dainard, LLC.
- Sold Price
- $2,150,000
- List Price
- $2,195,000
- Status
- SOLD
- MLS#
- 2351992
- Closing Date
- Apr 14, 2025
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,456
- Area Total SqFt
- 3456
- Annual Tax Ammount
- 11515
- Lot Size (sq ft)
- 8,899
- Sewer
- Sewer Connected
Property Description
All four units are 2 bedroom – 1 bathroom with an average unit size of 864 square feet. There are seven parking spots on the lot. Two of the units are on the ground level and have private backyards. The property is self-managed and presents a buyer with both operational upside to bring the rents to market and potential to complete renovations on all of the units. The property offers future development potential to build up to six dwelling units in total on the lot.
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Additional Information
- List Date
- 2025-04-08 00:00:00
- Community
- Kirkland
- Net Operating Income
- $92,787
- Gross Adjusted Income
- $118,262
- Gross Scheduled Income
- $121,920
- Total Monthly Income
- $10,160
- Insurance Expenses
- $2,908
- Water/Sewer/Garbage Expenses
- $6,852
- Gross Rent Multiplier
- 18
- Total Expenses
- $25,475
- Cap Rate
- 4.23
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 845
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Roof
- Composition
- Other Expenses
- 4200
- Energy Source
- Electric
- School District
- Lake Washington
- Total Monthly Income
- $10,160
- Gross Scheduled Income
- $121,920
- Vacancy Rate
- 3
- Gross Adjusted Income
- $118,262
- Tax Year
- 2025
- Insurance Expense
- $2,908
- W/S/G Expenses
- $6,852
- Total Expenses
- $25,475
- Net Operating Income
- $92,787
- Gross Rent Multiplier
- 18
- Cap Rate
- 4.23
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.