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.
Listing Provided Courtesy of Ben Douglas, Paragon Real Estate Advisors
General Information
NWM2447581
Multi Family
2
DOM
10123.34 SqFt
4344
1982
King
Residential Incom
Multi Family
Listing Provided Courtesy of Ben Douglas, Paragon Real Estate Advisors
Krishna Realty data last checked: Oct 26, 2025 04:30 | Listing last modified Oct 24, 2025 16:38,
Source:
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.
