634 + 636 Eleventh Avenue, Kirkland, WA 98033
- $3,125,000
Listing courtesy of Windermere Real Estate/East.
- List Price
- $3,125,000
- Status
- ACTIVE
- MLS#
- 2567993
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Annual Tax Ammount
- 16031.27
- Lot Size (sq ft)
- 5,515
- Sewer
- Sewer Connected
Property Description
A rare opportunity to acquire two new-construction, income-producing units in Kirkland’s coveted East of Market neighborhood. East of Market remains one of Kirkland’s most sought-after neighborhoods, offering the best of both worlds—a quiet, established setting w/ the energy + convenience of downtown just moments away. Waterfront parks + beaches, restaurants, cafés, boutique shopping, Kirkland Urban + the Cross Kirkland Corridor are all within easy reach, creating the walkable lifestyle that continues to make Kirkland such a desirable place to live. The location also places residents near Google’s Kirkland campus and within convenient reach of Downtown Bellevue, Microsoft’s Redmond campus + the broader Bellevue-Redmond technology employment corridor. Highly regarded Lake Washington schools add to the long-term appeal, with highly regarded Peter Kirk Elementary just a few blocks away. Easy access to I-405 and SR-520 connects the property throughout the Eastside and into Seattle, supporting continued appeal to a strong professional tenant pool. With new construction comes another meaningful investment advantage: limited deferred maintenance and fewer anticipated near-term capital expenditures compared with traditional small multifamily properties. The result is a distinctive Kirkland investment opportunity combining immediate income, low-maintenance ownership, two detached residences, and long-term exposure to one of the Eastside’s most desirable residential markets.
/u.realgeeks.media/soundmultifamily/operating-information.jpg)
Additional Information
- List Date
- 2026-08-12 17:05:16
- Community
- East Of Market
- Net Operating Income
- $125,020
- Gross Adjusted Income
- $149,940
- Gross Scheduled Income
- $149,940
- Total Monthly Income
- $12,495
- Insurance Expenses
- $4,000
- Water/Sewer/Garbage Expenses
- $180
- Gross Rent Multiplier
- 20.84
- Total Expenses
- $24,919
- Cap Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 634 + 636
- Potential Terms
- Cash, Conventional
- Year Built
- 2025
- Roof
- Composition
- Site Features
- Deck, Electric Car Charging, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
- Other Expenses
- 4707
- Energy Source
- Electric, Natural Gas
- School District
- Lake Washington
- Elementary School
- Peter Kirk Elementary
- Middle School
- Kirkland Middle
- High School
- Lake Wash High
- Total Monthly Income
- $12,495
- Gross Scheduled Income
- $149,940
- Gross Adjusted Income
- $149,940
- Tax Year
- 2026
- Insurance Expense
- $4,000
- W/S/G Expenses
- $180
- Total Expenses
- $24,919
- Net Operating Income
- $125,020
- Gross Rent Multiplier
- 20.84
- Cap Rate
- 4
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.