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Listed by:Quantum Real Estate • Dan Wick
$729,000
Est. payment /mo
4 Beds
2 Baths
1,700 SqFt
Open Sat 11AM-2PM
6461 NE 181st ST Kenmore, WA 98028
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Open House
Sat May 16, 11:00am - 2:00pm
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $428
Subdivision Kenmore
MLS Listing ID 2523742
Style 52 - Duplex
Bedrooms 4
Year Built 1952
Annual Tax Amount $6,970
Lot Size 6,121 Sqft
Property Sub-Type Multi Family
Property Description
Spacious and well-maintained duplex in a highly desirable Kenmore location with strong income and additional upside potential. The upper unit offers a rare single-family home feel with street-level access and Lake Washington views, while the lower unit is a bright daylight basement unit with rental upside as the owner has not raised the rent in many years. Both 2-bedroom, 1-bath units were extensively renovated in the early 2000s and feature laminate flooring, wood cabinetry, and in-unit washer/dryers — a major advantage in today's rental market. New roof installed last year helps minimize near-term capital expenses. Excellent investment fundamentals with a reported 6.2% cap rate and 11.9 GRM. Additional income potential exists through detached storage sheds currently not rented. Ample off-street parking with approximately 8 stalls provides exceptional tenant convenience. Located just blocks from the vibrant Kenmore commercial district with excellent walkability to restaurants, coffee shops, parks, library, and local amenities. Convenient access to transit and highly regarded Northshore School District schools supports strong long-term tenant demand and low vacancy history. Current zoning may allow additional unit potential creating future value-add or redevelopment opportunities (buyer to verify development potential and zoning capacity to their own satisfaction). Building next door also available, see MLS 2490694
Location
State WA
County King
Area 720 - Lake Forest Park
Interior
Flooring Ceramic Tile, Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Fenced-Partially, Gas Available, Outbuildings
View Y/N Yes
View Lake
Roof Type Composition
Building
Sewer Sewer Connected
New Construction No
Schools
School District Northshore
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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