6461 NE 181st ST, Kenmore, WA 98028
6461 NE 181st ST, Kenmore, WA 98028
6461 NE 181st ST, Kenmore, WA 98028
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by:Quantum Real Estate • Dan Wick
$729,000
Est. payment /mo
4 Beds
2 Baths
1,700 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 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

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Josh Barnard

Josh Barnard

+1(253) 677-5765

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