10016 NE 117th Court, Kirkland, WA 98034
- $1,690,000
- 3,376
- SqFt
Listing courtesy of Wilson Northwest Investments.
- List Price
- $1,690,000
- Status
- ACTIVE
- MLS#
- 2572857
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,376
- Area Total SqFt
- 3376
- Annual Tax Ammount
- 14706
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,216
- Sewer
- Sewer Connected
Property Description
Capitalize on Kirkland’s rapid growth with this beautifully remodeled, low-maintenance 4-unit property. Offering scenic territorial southwest views with abundant light, the building features extensive capital improvements—including a newer roof and energy-efficient double-paned windows, sliding glass doors & water heaters. Walk to Kirkland’s beaches, farmer markets, and amenities. Each unit is fully rented with established, long-term tenants and boasts high-end finishes: granite countertops, stainless steel appliances, individual in-unit washers/dryers (e.g. full-size), fireplace, and a private deck. Positioned on a dead-end, quiet street, this turnkey investment sits in a highly desirable neighborhood near Lake Washington, shopping, dining, and easy commuting routes. Seller financing available for qualified buyers: 30% down, 6% interest, 5-year term (negotiable, subject to seller approval). The Juanita submarket is an area characterized by consistently low vacancy, durable rental demand, and proximity to Eastside employment hubs including tech, healthcare, biotech, and space. All four units are configured as 2-bedroom / 1-bathroom apartments averaging approximately 804 square feet, with in-unit washer and dryer and dedicated parking within an 8-stall lot. It’s a well-maintained and centrally located fourplex walking distance to Lake Washington — long-term tenants, RM 2.4 zoning, immediate rent upside.
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Additional Information
- List Date
- 2026-08-22 15:43:11
- Community
- North Juanita
- Net Operating Income
- $73,949
- Gross Adjusted Income
- $101,171
- Gross Scheduled Income
- $101,171
- Total Monthly Income
- $8,431
- Insurance Expenses
- $5,185
- Water/Sewer/Garbage Expenses
- $7,331
- Gross Rent Multiplier
- 16.8
- Total Expenses
- $27,222
- Cap Rate
- 4.4
- Total Number of Units
- 4
- Unit Name
- 10016
- Potential Terms
- Cash, Conventional, Owner Will Carry, See Remarks
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully
- Energy Source
- Electric
- School District
- Lake Washington
- Elementary School
- Bell Elem
- Middle School
- Finn Hill Middle
- High School
- Juanita High
- Total Monthly Income
- $8,431
- Gross Scheduled Income
- $101,171
- Gross Adjusted Income
- $101,171
- Tax Year
- 2026
- Insurance Expense
- $5,185
- W/S/G Expenses
- $7,331
- Total Expenses
- $27,222
- Net Operating Income
- $73,949
- Gross Rent Multiplier
- 16.8
- Cap Rate
- 4.4
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.