441 NE Alder St - Multi-Family FOR SALE


Issaquah, WA 98027- Olde Town
$2,200,000 USD
425-444-6501
441 NE Alder St, Issaquah, WA for Sale
$2,200,000 USD
Multi-Family - FOR SALE
1/15
null | 3.2% Cap Rate

441 NE Alder St
Issaquah, WA 98027
Olde Town


HIGHLIGHTS

  • Walkable and bikeable Olde Towne Issaquah location just blocks from Downtown, Easy access to I-90, Bellevue, and Downtown Seattle
  • Quiet, tree-lined residential street
  • Modern 1998 construction; Fully remodeled duplex to custom home specs (2024)
  • Separate condo units – Ideal for owner occupancy
  • Oversized 1,580-SF 3-bedroom/2.25-bath units
  • Each unit with private covered access to 2-car garage

OVERVIEW

Situated on a quiet, tree-lined residential street just blocks from Downtown Issaquah, the property offers an exceptional walkable and bikeable location with convenient access to nearby shops, dining, parks, and everyday amenities. Residents also benefit from easy regional connectivity via Interstate 90, providing quick access to major employment centers in Bellevue and Seattle. Constructed in 1998, the property features modern construction and has been fully remodeled to custom home specifications (2024), offering a level of quality and finish rarely found in duplex properties. The building consists of two oversized condominiumized units, each approximately 1,580 square feet in size and thoughtfully designed with three bedrooms and two-and-a-quarter bathrooms. Each residence enjoys private covered access to its own two-car garage, enhancing convenience and privacy while providing a single-family home living experience. Each unit also has an owned on-street parking space. The condominium structure allows the units to be owned separately, creating an ideal opportunity for owner-occupancy while generating rental income from the second unit. This duplex has been meticulously maintained, with significant recent improvements including a newer roof (2023), a new water heater in unit 2, a new furnace in unit 1, and renovated landscaping that enhances curb appeal and overall livability. With its combination of spacious unit sizes, modern updates, and premier Olde Towne Issaquah location, this duplex represents an exceptional opportunity for both investors and owner-occupants seeking a quality asset in one of the Eastside’s most desirable communities.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$696 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,100,000

CAP RATE

3.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,700 SF

ZONING

SF-D

APN/PARCEL ID

010320-0000,010320-0010,010320-0020

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.