Listed by Paragon Real Estate Advisors, Bought with Redfin
NOT LISTED FOR SALE

180 -190 Rainier Blvd N Issaquah, WA 98027

Olde Town Neighborhood

Estimated Value: $864,871 - $941,000

4 Beds
2 Baths
1,500 Sq Ft
$601/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $850,000 $567 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,277/month

56 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property
  • Clark Elementary School Rated A
  • Wood Siding

About This Home

As of January 2024

This charming duplex features two spacious 2-bedroom, 1-bathroom units, making it the perfect start or addition to your real estate portfolio. Nestled in the highly sought-after Old Town Issaquah, this duplex is situated in a vibrant community known for its historic charm, excellent schools, and convenient amenities. With a neighboring duplex (identical unit type and size) having recently undergone renovations and renting for $2,550, an investor can appreciate the proven rental upside potential. Both units boast well-appointed 2 bedrooms and 1-bathroom layouts with a private patio providing comfortable living spaces for tenants while offering the potential for future improvements or customization.

Last Agent to Sell the Property

Michael Urquhart

Paragon Real Estate Advisors License #135356 Listed on: 10/20/2023

Co-Listed By

Brian Platt

Paragon Real Estate Advisors License #85375

Last Buyer's Agent

Michelle Lopez

Redfin License #118682

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2173217

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,326

Year Built

  • Built in 1967

Lot Details

  • 6,098

Home Design

  • Duplex
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • 6,098 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Issaquah Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2724069164

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,326

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1500
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 1602

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Issaquah

Lot Info

  • Parcel Number: 2724069164
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: King County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.17
  • LeasedItems: None
  • TotalMonthlyIncome: 3400

Multi Family

  • Gross Scheduled Income: 52560
  • Net Operating Income: 40895
  • Number Of Units Total: 2
  • Insurance Expense: 689
  • Leasable Area: 1500
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6326

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Jan 23, 2024
Sold by
180 & 190 Rainier Llc
Bought by
Kang Duckjin and Jung Eunhee
Seller's Agent
Michael Urquhart
Paragon Real Estate Advisors
Buyer's Agent
Michelle Lopez
Redfin
List Price
$850,000
Sold Price
$850,000
Views
44
Current Estimated Value
$901,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,968
Avg. Annual Appreciation
3.45%
Original Mortgage
$637,500
Outstanding Balance
$626,344
Interest Rate
6.95%
Mortgage Type
Construction
Estimated Equity
$275,624

Purchase Details

Closed on
Jul 24, 2020
Sold by
Murphy James Henry and Murphy Karen Ann
Bought by
180 & 190 Rainer Llc

Purchase Details

Closed on
Aug 31, 1990
Sold by
Nelsen Maynard P and Nelsen Marianne N
Bought by
Murphy James P and Karen Ann
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Kang Duckjin $850,000 None Listed On Document
180 & 190 Rainer Llc -- None Available
Murphy James P $189,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Duckjin $637,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2024 01/26/24 Sold $850,000 0.0% $567 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $850,000 -- $567 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $6,555 $794,000 $491,000 $303,000
2023 $6,326 $677,000 $420,000 $257,000
2022 $5,222 $832,000 $518,000 $314,000
2021 $4,711 $563,000 $478,000 $85,000
2020 $4,739 $472,000 $409,000 $63,000
2018 $4,499 $504,000 $420,000 $84,000
2017 $3,876 $436,000 $367,000 $69,000
2016 $3,392 $390,000 $340,000 $50,000
2015 $3,131 $335,000 $209,000 $126,000
2014 -- $304,000 $190,000 $114,000
2013 -- $264,000 $173,000 $91,000
Source: Public Records

Agents Affiliated with this Home

  • Michael Urquhart

    Seller's Agent in 2024

    Michael Urquhart

    Paragon Real Estate Advisors

    (206) 812-9123

    1 in this area

    90 Total Sales

    Michael Urquhart
    Section Image
  • Brian Platt

    Seller Co-Listing Agent in 2024

    Brian Platt

    Paragon Real Estate Advisors

    (206) 812-9130

    1 in this area

    56 Total Sales

    Brian Platt
    Section Image

  • M

    Buyer's Agent in 2024

    Michelle Lopez

    Redfin

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2173217

Northwest Multiple Listing Service (NWMLS)

APN: 272406-9164

Washington King County Issaquah 98027 Olde Town

180 -190 Rainier Blvd N, Issaquah, WA

This home is located at 180 -190 Rainier Blvd N, Issaquah, WA 98027 since 20 October 2023 and is currently estimated at $901,968, approximately $601 per square foot. This property was built in 1967. 180 -190 Rainier Blvd N is a home located in King County with nearby schools including Clark Elementary School, Issaquah Middle School, and Issaquah High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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