1212 Market St Unit 1-16 $5,200,000

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    1212 Market St Unit 1-16 Kirkland, WA 98033

    • 0 Beds
    • 0 Baths
    • 14,350 sq.ft.
    • Multi-Family
    Listing# 1490644
    SOLD 9/9/2019

    $5,200,000

    Days On Market: 36 3 Views
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    Property Details

    Located in desirable Market neighborhood within minutes of an abundance of high-paying/rapidly expanding Eastside employers and just ±20 minutes from downtown Seattle. Within easy walking distance of both Kirklands bustling downtown scene as well its serene waterfront parks. The 26,112-SF, MSC 1-zoned lot likely provides the opportunity to redevelop the property into ±16 luxury townhomes (Buyer to verify). World-class location. Large units. Currently profitable with upside potential.

    • General Features
      • County King
      • Zoning Code Multi-Family
      • County King
      • Lot Details Alley, Corner Lot, Curbs, Paved Street, Sidewalk, Value In Land
      • Lot Square Footage 26,112
      • Number of Stories 2
      • Number of Units 16
      • Site Features Cable TV, Deck, Fenced-Partially, Patio
      • Style 56-10+ Units
      • Unit 1-16
      • Year Built 1969
    • Building Features
      • Roof Flat
      • Exterior Stucco, Wood
      • Amenities Coin Op Laundry, Storage, Thermal Windows
      • Approx SqFt 14,350
      • Floor Covering Laminate Hardwood, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $22,811
      • Net Operating Income $169,652
      • Gross Scheduled Income $273,726
      • Gross Adjusted Income $262,777
      • Total Expenses $93,125
      • Other Expenses $35,302
      • Insurance Expenses $5,506
      • Expenses $93,125
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 19
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $40,707
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Sewer Company Sewer Connected
    • Schools
      • School District Lake Washington
      • Senior High Lake Wash High
      • Junior High Kirkland Middle
      • Elementary School Kirk Elem

    Neighborhood

    98033 (Kirkland) Demographics

    39Median Age
    4,085Population Density (per sq. mile)
    71%College Educated
    $110,688 Estimated Median Income
    10,174Estimated Total Home Owners
    5,709Estimated Total Renters
    64% / 36%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    37,629Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $970,000 Median Sales Price
    50 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/9/2019 12:00:00 AM Sold Source New Value: $5,200,000
        7/19/2019 4:01:27 PM Status Changed Source New Value: Pending

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.