Rare multi-family opportunity in Bellevue’s coveted 98006 zip code. This nearly 6,000-square-foot property features 11 bedrooms, 8.5 bathrooms, 3 kitchens, a private two-bedroom mother-in-law suite, and five studio-style units on the lower level. The flexible layout is ideal for multi-generational living, house hacking, or generating significant rental income. Located near Downtown Bellevue, major employers, shopping, dining, and Lake Sammamish, the property combines convenience with exceptional investment potential. short term rental for main house can exceed 650 a night, Opportunities of this size, income capability, and location are seldom available in Bellevue.
Opportunity for seller financing for qualified buyers and buyers personally guaranteeing the loan. The terms are 30% down, 5% interest-only on a five-year term Built in 1987 and situated on a 13,500 square foot lot zoned R-20, the Bellevue 6-Unit consists of six spacious two-bedroom, two-bathroom units averaging 894 square feet each. Three of the six units have been fully renovated with modern finishes, and the three unrenovated units present a clearly defined path to value through targeted interior upgrades estimated at $30,000 per unit. The property includes 13 dedicated parking spaces, a highly sought-after amenity in the Eastside rental market, and tenants pay their own water and sewer, keeping utility expenses and management complexity low for the ownership. The property’s Eastgate location places residents within minutes of Bellevue College, the Eastgate Park and Ride, and Interstate 90. The Bellevue 6-Unit is positioned as a renovation value-add acquisition with an execution plan already partially underway. Renovated units are currently leased at $2,095 to $2,250 per month against a market rate of $2,600 per unit. The three unrenovated units are currently leased at an average of $1,990 per month and are expected to achieve $2,600 following renovation at an estimated cost of $30,000 per unit.
The Stoneridge Fourplex is located on a 9,834 SF Lot in a neighborhood that always has high rental demand and historically low vacancy rates. Every apartment features the amenities today’s renters want most, in-unit washer and dryer, smart and functional floor plans, and full kitchen appliance packages including dishwashers. Interiors blend original character with thoughtful updates completed over time, creating a solid foundation for value growth. The units are large, with an average size of 1,193 SF. The unit mix consists of 1 – 2BD/1BTH unit that is 995 SF, 2 – 2BD/1.5BTH units that are 1,220 SF and 1 – 3BD/2BTH unit that is 1,365 SF. The building has 4 secure garages along with 2 uncovered stalls allowing for ample parking and secure storage at the property for the tenants.
Fully Remodeled duplex with contemporary interiors and appliances sits on a huge lot in the heart of Bellevue, two separate fully fenced level back yards with covered decks. Double pane windows and slide doors. Both units have heat pump/ air conditioning. Each unit has 3 BRs 2BAs & 1 car garage. Ideally for owner occupied one unit and rent out another or Run Short Term Rental for both of them to maximize the returns. Very convenient location to Microsoft Redmond, Downtown Bellevue, Downtown Kirkland and easy commute to I-90, I-405 & I-520. Walking distance to shopping centers, Restaurants and Parks. Award winning Bellevue Schools.
Lifetime Opportunity to invest in downtown Bellevue. These 4 properties each have their own tax lot account. Sell "As Is" as a package. No sign. Please do not Disturb Tenants. Walking distance to light rails, shops, restaurants. Hurry! Potential development up to 16 units, Buyer to verify.
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Bellevue is located in Washington. Bellevue, Washington has a population of 149,365. Bellevue is more family-centric than the surrounding county with 40.52% of the households containing married families with children. The county average for households married with children is 35.99%.
The median household income in Bellevue, Washington is $140,252. The median household income for the surrounding county is $106,326 compared to the national median of $69,021. The median age of people living in Bellevue is 37.9 years.
The average high temperature in July is 75.9 degrees, with an average low temperature in January of 36.6 degrees. The average rainfall is approximately 42.1 inches per year, with 5.1 inches of snow per year.