636 11th Ave - Apartments FOR SALE


Kirkland, WA 98033- Norkirk
$2,968,000 USD
206-226-3326
636 11th Ave, Kirkland, WA for Sale
$2,968,000 USD
Apartments - FOR SALE
1/32
null | 4.21% Cap Rate

636 11th Ave
Kirkland, WA 98033
Norkirk


HIGHLIGHTS

  • Walkability to downtown Kirkland, trails, parks and beaches. Minutes to freeway for easy access to both Bellevue and Seattle. New construction.

OVERVIEW

Two detached homes. One distinctive Kirkland investment. A rare opportunity to acquire two new-construction, income-producing residences in Kirkland's coveted East of Market neighborhood. Offered together as a turnkey investment, 634 + 636 11th Ave combine strong in-place rents, low operating expenses and the privacy and tenant appeal of detached living. Both residences are newly leased for one year at actual rents, with tenants responsible for utilities. Owner-paid low HOA dues include landscaping and driveway maintenance, supporting a streamlined ownership profile. Kirkland's "East of Market' neighborhood offers a compelling combination of quiet neighborhood living and immediate access to downtown Kirkland. Waterfront parks and beaches, dining, coffee shops, boutique shopping, Kirkland Urban and the Cross Kirkland Corridor are all within easy reach. Convenient access to I-405 and SR-520 connects residents through the Eastside and into Seattle, while proximity to major Kirkland, Bellevue and Redmond employment centers supports enduing tenant appeal. Newly commenced 1- year leases provide immediate in-place income, while this stellar Kirkland location offers long term potential for rental growth and residential value.

FOR SALE DETAILS

PRICE

$2,968,000 USD

PRICE/SF

$612 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,484,000

CAP RATE

4.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eleventh Avenue Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,520 SF

ZONING

Condominium

APN/PARCEL ID

388690-3635

ASK ABOUT THIS PROPERTY

Tamara DeanWindermere Services CompanyMore Info
206-226-3326

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Tamara DeanWindermere Services CompanyMore Info
206-226-3326

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