27 147th Avenue SE, Bellevue, WA 98007

$1,955,000
4,150
SqFt

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Listing courtesy of John L. Scott, Inc.. Selling Office: Keller Williams Realty Bothell.

Sold Price
$1,955,000
List Price
$1,955,000
Status
SOLD
MLS#
2393221
Closing Date
Jun 09, 2025
Days on Market
0
Style
54 - 4-Plex
Finished SqFt
4,150
Area Total SqFt
4150
Annual Tax Ammount
13002
Lot Size (sq ft)
8,149
Sewer
Sewer Connected

Property Description

Largest Fourplexes in this Price Range – Fully Occupied, in the Heart of Bellevue! Each unit includes a one-car garage, storage, & one additional parking spot. Bathroom & kitchen update in unit 3. Sale includes a share (1/19) of an open lot in Fairlake Community, with potential development value. HOA board discussed converting garages into units for potential additional income. Newer roof and siding. Desirable location minutes from Microsoft & Bellevue College. Bellevue School District. HOA manages lawn, tenants cover electricity & internet/cable. No sign on property; view by appointment with earnest money. Opportunity to purchase both fourplex listings together for a comprehensive investment package.

Additional Information

List Date
2025-06-09 00:00:00
Community
Bellevue
Net Operating Income
$86,024
Gross Adjusted Income
$111,300
Gross Scheduled Income
$111,300
Total Monthly Income
$9,275
Insurance Expenses
$2,950
Water/Sewer/Garbage Expenses
$7,824
Gross Rent Multiplier
18
Total Expenses
$25,276
Cap Rate
4.1
Total Number of Units
4
Unit Name
27
Year Built
1969
Roof
See Remarks
Other Expenses
1500
Energy Source
Electric
School District
Bellevue
Elementary School
Lake Hills Elem
Middle School
Odle Mid
High School
Sammamish Snr High
Total Monthly Income
$9,275
Gross Scheduled Income
$111,300
Gross Adjusted Income
$111,300
Tax Year
2024
Insurance Expense
$2,950
W/S/G Expenses
$7,824
Total Expenses
$25,276
Net Operating Income
$86,024
Gross Rent Multiplier
18
Cap Rate
4.1
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.
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