Description
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.
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
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4,344SQFT
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$472$/SQFT
Listing information ©2025 Northwest MLS. Listing courtesy of Paragon Real Estate Advisors.
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Description
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.
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