6461 NE 181st Street, Kenmore, WA 98028
- $729,000
- 1,700
- SqFt
Listing courtesy of Quantum Real Estate.
- List Price
- $729,000
- Status
- ACTIVE
- MLS#
- 2523742
- Days on Market
- 76
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,700
- Area Total SqFt
- 1700
- Annual Tax Ammount
- 6970
- Lot Size (sq ft)
- 6,121
- Sewer
- Sewer Connected
Property Description
Spacious and well-maintained duplex in a highly desirable Kenmore location with strong income and additional upside potential. The upper unit offers a rare single-family home feel with street-level access and Lake Washington views, while the lower unit is a bright daylight basement unit with rental upside as the owner has not raised the rent in many years. Both 2-bedroom, 1-bath units were extensively renovated in the early 2000s and feature laminate flooring, wood cabinetry, and in-unit washer/dryers — a major advantage in today’s rental market. New roof installed last year helps minimize near-term capital expenses. Excellent investment fundamentals with a reported 6.2% cap rate and 11.9 GRM. Additional income potential exists through detached storage sheds currently not rented. Ample off-street parking with approximately 8 stalls provides exceptional tenant convenience. Located just blocks from the vibrant Kenmore commercial district with excellent walkability to restaurants, coffee shops, parks, library, and local amenities. Convenient access to transit and highly regarded Northshore School District schools supports strong long-term tenant demand and low vacancy history. Current zoning may allow additional unit potential creating future value-add or redevelopment opportunities (buyer to verify development potential and zoning capacity to their own satisfaction). Building next door also available, see MLS 2490694
Additional Information
- List Date
- 2026-05-13 20:45:34
- Community
- Kenmore
- Net Operating Income
- $47,648
- Gross Adjusted Income
- $61,500
- Gross Scheduled Income
- $61,500
- Total Monthly Income
- $4,725
- Insurance Expenses
- $2,433
- Water/Sewer/Garbage Expenses
- $3,409
- Gross Rent Multiplier
- 11.9
- Total Expenses
- $16,285
- Cap Rate
- 6.5
- Total Number of Units
- 2
- Unit Name
- 6461
- Potential Terms
- Cash, Conventional
- Year Built
- 1952
- View
- Lake
- Roof
- Composition
- Site Features
- Fenced-Partially, Gas Available, Outbuildings
- Electric Expenses
- 3473
- Energy Source
- Electric, Natural Gas
- School District
- Northshore
- Total Monthly Income
- $4,725
- Gross Scheduled Income
- $61,500
- Gross Adjusted Income
- $61,500
- Tax Year
- 2026
- Insurance Expense
- $2,433
- W/S/G Expenses
- $3,409
- Total Expenses
- $16,285
- Net Operating Income
- $47,648
- Gross Rent Multiplier
- 11.9
- Cap Rate
- 6.5
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.