265 E Sunset Way, Issaquah, WA 98027
- $1,400,000
- 3,014
- SqFt
Listing courtesy of Real Property Associates. Selling Office: RSVP Brokers ERA.
- Sold Price
- $1,400,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 2332520
- Closing Date
- Apr 02, 2025
- Days on Market
- 7
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,014
- Area Total SqFt
- 3014
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-02-26
Property Description
Rare investment opportunity in the heart of Issaquah! This well-maintained fourplex offers four 2-bedroom, 1-bathroom units, providing excellent rental income potential and alley access enhances convenience. Located in one of the most coveted school districts and situated walking distance from Front Street and downtown Issaquah, this property offers amazing amenities to attract long term tenants. Plentiful tenant parking! Whether you’re an investor seeking stable returns in one of the best markets or an owner-occupant looking to offset your mortgage with rental income, this is a must-see.
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Additional Information
- List Date
- 2025-03-26 00:00:00
- Community
- Downtown Issaquah
- Net Operating Income
- $82,800
- Gross Scheduled Income
- $110,400
- Gross Rent Multiplier
- 15
- Total Expenses
- $27,600
- Cap Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 265
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1977
- Roof
- Torch Down
- Other Expenses
- 27600
- Energy Source
- Electric
- School District
- Issaquah
- Gross Scheduled Income
- $110,400
- Tax Year
- 2024
- Total Expenses
- $27,600
- Net Operating Income
- $82,800
- Gross Rent Multiplier
- 15
- Cap Rate
- 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.