New Price-Clean and well maintained Kirkland 4-plex in Totem Lake Area, updated and fully occupied. Stucco & brick exterior, 2 bedroom 1 bath units with washer/dryer inside each unit, decks. 2 year old roof, new paint. Close to shopping, public transportation, freeway access and restaurants. Great low maintenance investment and easy to manage. Drive by and walk exterior. Please do not disturb tenants. HOA takes care of landscaping, trash removal, and common area maintenance. The 4-plex is one of 12 separate 4-plexes that make up Totem Firs Apartment complex. Each building owned separately.
Skyline Properties, Inc.License #121501Listed on: 09/19/2024
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2279947
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,979
Year Built
Built in 1979
Lot Details
7,840 Sq Ft Lot
Cul-De-Sac
Property is in good condition
HOA Fees
$500 Monthly HOA Fees
Home Design
Quadruplex
Brick Exterior Construction
Poured Concrete
Composition Roof
Wood Siding
Stucco
Interior Spaces
3,328 Sq Ft Home
2-Story Property
Thermal Windows
Bedrooms and Bathrooms
8 Bedrooms
4 Bathrooms
Parking
7 Parking Spaces
Open Parking
Utilities
Baseboard Heating
Community Details
Totem Firs Condos
Totem Lake Subdivision
Listing and Financial Details
Tax Lot 1
Assessor Parcel Number 2826059199
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,979
Year Built
Built in 1979
Lot Details
0
HOA Fees
$500 per month
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 54 - 4-Plex
Year Built: 1979
MLS Status: Active
Prev Status: Active
Building Name: Totem Firs
New Construction: No
CalculatedSquareFootage: 3328
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 268
Interior Features
Possible Use: Multi-Family
Total Bedrooms: 8
Fireplace: No
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Amenities: Thermal Windows
Exterior Features
Roof: Composition
Lot Features: Cul-De-Sac
View: No
Waterfront: No
Construction Type: Brick, Stucco, Wood
Exterior Features: Brick, Stucco, Wood
Foundation Details: Poured Concrete
Property Condition: Good
Structure Type: Quadruplex
ConstructionMethods: Standard Frame
Garage/Parking
Carport Y N: No
Open Parking Spaces: 7
Open Parking: Yes
Total Parking Spaces: 7
ParkingUncoveredSpaces: 7
Utilities
Sewer: Sewer Connected
Water Source: Public
Cooling: None
Cooling Y N: No
Heating: Baseboard
Heating Yn: Yes
PowerCompany: PSE
SewerCompany: Northshore
WaterCompany: Public
WaterSewerGarbage: 3000
Condo/Co-op/Association
Senior Community: No
Association Fee: 1500
Association Fee Frequency: Quarterly
Association: Yes
Schools
Junior High Dist: Lake Washington
Lot Info
Parcel Number: 2826059199
Lot Size Acres: 0.18
Lot Size Sq Ft: 7840
Zoning Description: Multi-Family
Irrigation Water Rights: No
ShowMapLink: true
MLSLotSizeSource: kcr
MLSSquareFootageSource: kcr
ZoningJurisdiction: City
LotNumber: 1
Green Features
Efficiency: Thermal Windows
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 18
LeasedItems: None
TotalMonthlyIncome: 7925
Multi Family
Gross Scheduled Income: 98000
Net Operating Income: 80329
Number Of Units Total: 4
Electric Expense: 200
Insurance Expense: 1392
Leasable Area: 3328
EnergySource: Electric
UnitsInBuildingTotal: 4
UnitsBelowGrade: false
VacancyRate: 1
Tax Info
Year: 2024
Tax Annual Amount: 10979
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2024
$9,386
$1,132,000
$352,800
$779,200
2023
$10,980
$1,266,000
$352,800
$913,200
2022
$10,212
$1,294,000
$274,400
$1,019,600
2021
$11,140
$1,133,000
$282,200
$850,800
2020
$9,936
$1,141,000
$282,200
$858,800
2018
$8,534
$900,000
$282,200
$617,800
2017
$7,045
$829,000
$274,400
$554,600
2016
$6,460
$710,000
$258,700
$451,300
2015
$5,846
$641,000
$250,000
$391,000
2014
--
$557,000
$250,000
$307,000
2013
--
$550,000
$250,000
$300,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
06/04/202506/04/25
Price Changed
$1,599,950
0.0%
$481 / Sq Ft
05/21/202505/21/25
Price Changed
$1,600,000
-5.6%
$481 / Sq Ft
04/22/202504/22/25
Price Changed
$1,695,000
-3.1%
$509 / Sq Ft
01/13/202501/13/25
Price Changed
$1,749,950
-2.8%
$526 / Sq Ft
09/19/202409/19/24
For Sale
$1,800,000
--
$541 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
Exceptional Multifamily-Approved Home in Prime Location! Discover an incredible opportunity with this 6-bedroom, 3.5-bath home, perfectly suited for multi-family living or rental income. Located in a highly desirable area, this property offers an additional ADU potential site, making it a smart investment or ideal multi-generational home. Inside, enjoy new carpet upstairs, stainless steel
This home is located at 12602 NE 118th St, Kirkland, WA 98034 and is currently priced at $1,599,950, approximately $480 per square foot. This property was built in 1979. 12602 NE 118th St is a home located in King County with nearby schools including Robert Frost Elementary School, Kamiakin Middle School, and Juanita High School.
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