About this property

Spacious and well-maintained duplex in a highly desirable Kenmore location with strong income and additional upside potential. The upper unit offers a rare single-family home feel with street-level access and Lake Washington views, while the lower unit is a bright daylight basement unit with rental upside as the owner has not raised the rent in many years. Both 2-bedroom, 1-bath units were extensively renovated in the early 2000s and feature laminate flooring, wood cabinetry, and in-unit washer/dryers — a major advantage in today’s rental market. New roof installed last year helps minimize near-term capital expenses. Excellent investment fundamentals with a reported 6.2% cap rate and 11.9 GRM. Additional income potential exists through detached storage sheds currently not rented. Ample off-street parking with approximately 8 stalls provides exceptional tenant convenience. Located just blocks from the vibrant Kenmore commercial district with excellent walkability to restaurants, coffee shops, parks, library, and local amenities. Convenient access to transit and highly regarded Northshore School District schools supports strong long-term tenant demand and low vacancy history. Current zoning may allow additional unit potential creating future value-add or redevelopment opportunities (buyer to verify development potential and zoning capacity to their own satisfaction). Building next door also available, see MLS 2490694