About this property

Rare mixed-use investment opportunity featuring adjacent duplex and commercial office buildings in the heart of Kenmore. Strong in-place income with additional upside potential and future redevelopment opportunities (buyer to verify development potential and zoning capacity to their own satisfaction). The duplex includes two 2-bedroom, 1-bath units with laminate flooring, wood cabinetry, in-unit washer/dryers, and a new roof installed last year. Upper unit offers Lake Washington views and a single-family-home feel, while the lower daylight unit provides rental upside with below-market rents. Additional income potential from detached storage sheds currently not rented. The adjacent fully occupied commercial/medical office building features structured annual rent increases and major HVAC upgrades completed last year including two new furnaces and two new heat pumps. Flexible office, medical, retail, or service-oriented layout with excellent visibility and signage opportunity. Approximately 17 total off-street parking spaces. Prime walkable location near restaurants, parks, transit, SR-522, and the vibrant Kenmore commercial district.