19100 61st Avenue NE, Kenmore, WA 98028
- $1,600,000
- 5,460
- SqFt
Listing courtesy of Specialty Real Estate Group. Selling Office: COMPASS.
- Sold Price
- $1,600,000
- List Price
- $1,550,000
- Status
- SOLD
- MLS#
- 2412632
- Closing Date
- Aug 29, 2025
- Days on Market
- 12
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,460
- Area Total SqFt
- 5460
- Annual Tax Ammount
- 17759
- Lot Size (sq ft)
- 15,700
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-08-05
Property Description
Professionally managed building with five spacious 3-bedroom, 2-bath units, offering functional layouts and in-unit laundry. All units have utility billback implemented for increased NOI. The property sits on a generous lot with plenty of parking. Centrally located between I-5 and I-405, tenants enjoy easy commutes and proximity to major job centers. Moments from Downtown Kenmore, UW Bothell, Lake Forest Park Town Center, Alderwood Mall, and the Woodinville Wine District. Rapidly appreciating submarket with high rental demand and low vacancy. Great opportunity for investors seeking stable cash flow and long-term upside. Priced below replacement cost and nearby 3 bed condos are priced around $500,000. Full due diligence package upon request.
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Additional Information
- List Date
- 2025-08-17 00:00:00
- Community
- Kenmore
- Net Operating Income
- $75,031
- Gross Adjusted Income
- $132,457
- Gross Scheduled Income
- $135,576
- Total Monthly Income
- $12,673
- Insurance Expenses
- $5,361
- Water/Sewer/Garbage Expenses
- $15,164
- Gross Rent Multiplier
- 11
- Total Expenses
- $57,526
- Cap Rate
- 4.84
- Vacancy Rate
- 2
- Total Number of Units
- 5
- Unit Name
- 19100
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck
- Other Expenses
- 19242
- Energy Source
- Electric
- School District
- Northshore
- Elementary School
- Kenmore Elem
- Middle School
- Northshore Middle School
- High School
- Inglemoor Hs
- Total Monthly Income
- $12,673
- Gross Scheduled Income
- $135,576
- Vacancy Rate
- 2
- Gross Adjusted Income
- $132,457
- Tax Year
- 2025
- Insurance Expense
- $5,361
- W/S/G Expenses
- $15,164
- Total Expenses
- $57,526
- Net Operating Income
- $75,031
- Gross Rent Multiplier
- 11
- Cap Rate
- 4.84
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.