441 NE Alder Street Unit #1 & 2, Issaquah, WA 98027
- $1,900,000
- 3,160
- SqFt
Listing courtesy of COMPASS. Selling Office: Pinnacle Properties PNW LLC.
- Sold Price
- $1,900,000
- List Price
- $2,000,000
- Status
- SOLD
- MLS#
- 2496084
- Closing Date
- May 18, 2026
- Days on Market
- 37
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,160
- Area Total SqFt
- 3160
- Annual Tax Ammount
- 11942
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 12,700
- Sewer
- Sewer Connected
Property Description
Situated on a quiet, tree-lined residential street blocks from Downtown Issaquah, the property offers an exceptional walkable & bikeable location w/convenient access to nearby shops, dining, parks, & everyday amenities. Residents also benefit from easy regional connectivity via Interstate 90, providing quick access to major employment centers in Bellevue and Seattle. Constructed in 1998, the property features modern construction & has been fully remodeled to custom home specifications (2024), offering a level of quality & finish rarely found in duplex properties. The building consists of two oversized units, each approximately 1,580 square feet in size & thoughtfully designed w/3 beds & 2.5 baths. Each residence enjoys private covered access to its own two-car garage, enhancing convenience & privacy while providing a single-family home living experience. The properties allow the units to be owned separately, creating an ideal opportunity for owner-occupancy while generating rental income from the second unit. This duplex has been meticulously maintained, w/significant recent improvements including newer roof (2022), updated hot water tanks, & renovated landscaping that enhances curb appeal & overall livability. With its combination of spacious unit sizes, modern updates, & premier Olde Towne Issaquah location, this duplex represents an exceptional opportunity for both investors and owner-occupants seeking a quality asset in one of the Eastside’s most desirable communities
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Additional Information
- List Date
- 2026-04-11 00:00:00
- Community
- Downtown Issaquah
- Net Operating Income
- $68,058
- Gross Scheduled Income
- $90,000
- Total Monthly Income
- $68,058
- Gross Rent Multiplier
- 24.4
- Total Expenses
- $21,942
- Cap Rate
- 3.1
- Total Number of Units
- 2
- Unit Name
- 441
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1998
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully, High Speed Internet, Patio
- Other Expenses
- 10000
- Energy Source
- Electric, Natural Gas
- School District
- Issaquah
- Elementary School
- Clark Elem
- Middle School
- Issaquah High
- High School
- Issaquah High
- Total Monthly Income
- $68,058
- Gross Scheduled Income
- $90,000
- Tax Year
- 2025
- Total Expenses
- $21,942
- Net Operating Income
- $68,058
- Gross Rent Multiplier
- 24.4
- Cap Rate
- 3.1
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.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.