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Toril White

1toril@torilsellshouses.com +1(253) 350-2638

Listed by:Paragon Real Estate Advisors • Ben Douglas

$1,995,000

Est. payment - /mo

8 Beds

4 Baths

4,150 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,150 sqft

Price per Sqft $480

Subdivision Crossroads

MLS Listing ID 2522417

Style 54 - 4-Plex

Bedrooms 8

HOA Fees $516/ann

Year Built 1969

Annual Tax Amount $12,454

Lot Size 8,178 Sqft

Lot Dimensions 8,178

Property Sub-Type Multi Family

Property Description

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. 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.

Location

State WA

County King

Area 530 - Bellevue/East Of 405

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Wood Products

Garage Spaces 4.0

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Bellevue

Others

Senior Community No

Acceptable Financing Assumable, Cash, Owner Will Carry

Listing Terms Assumable, Cash, Owner Will Carry

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Toril White

+1(253) 350-2638

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16 147th AVE SE Bellevue, WA 98007

Toril White

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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