Listed by Paragon Real Estate Advisors
$2,050,000

Estimated payment $12,039/month

-- Bed
8 Baths
4,344 Sq Ft
$472 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Carpet
  • Robert Frost Elementary School Rated A
  • Wood Siding

About This Home

8 Unit multifamily property situated in the heart of Kirkland’s rapidly growing Totem Lake neighborhood. All large studio units, with lofted sleeping areas and in-unit washer and dryers. Offers a compelling value-add opportunity. With light renovations and strategic repositioning, investors have the potential to increase NOI by approximately 30%, capitalizing on the strong rental demand and premium achievable rents in this submarket. Its prime location and unique unit layouts provide a strong foundation for both immediate income and long-term appreciation.

Listing Agent

Ben Douglas

Paragon Real Estate Advisors License #22013305 Listed on: 10/22/2025

Co-Listing Agent

Michael Urquhart

Paragon Real Estate Advisors License #135356

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2447581

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,445

Year Built

  • Built in 1982

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 8 Bathrooms
  • 4,344 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 11 Parking Spaces
  • Open Parking

Additional Features

  • 10,122 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Totem Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8063100005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,445

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1982
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4344
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 11

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 8063100005
  • Lot Size Acres: 0.2324
  • Lot Size Sq Ft: 10122
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.94
  • LeasedItems: None
  • TotalMonthlyIncome: 12252

Tax Info

  • Year: 2025
  • Tax Annual Amount: 15445

Multi Family

  • Number Of Units Total: 8
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

Range of Values:

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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 Assessment Tax 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 $14,104 $1,649,000 $455,400 $1,193,600
2023 $15,208 $1,888,000 $455,400 $1,432,600
2022 $15,451 $1,933,000 $303,600 $1,629,400
2021 $16,872 $1,674,000 $283,400 $1,390,600
2020 $14,701 $1,691,000 $283,400 $1,407,600
2018 $12,493 $1,238,000 $283,400 $954,600
2017 $11,785 $1,177,000 $273,200 $903,800
2016 $9,852 $1,159,000 $253,000 $906,000
2015 $9,680 $945,000 $232,800 $712,200
2014 -- $896,100 $232,800 $663,300
2013 -- $818,000 $232,800 $585,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 For Sale $2,050,000 -- $472 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,696,000 Fidelity National Title
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $220,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,020,000 Seller Take Back
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2447581

Northwest Multiple Listing Service (NWMLS)

APN: 806310-0005