$2,968,000

6 Beds 5 Baths 3,068 SQFT 0.13 Acres
Type: Multi-Family

634 + 636 Eleventh Avenue
Kirkland, WA 98033

MLS#: 2580275
Presented by: Windermere Real Estate/East; Tamara J. Dean; 206-226-3326; tamaradean@windermere.com

Property Description

 

A rare opportunity to acquire two new-construction, income-producing units in Kirkland’s coveted East of Market neighborhood. East of Market remains one of Kirkland’s most sought-after neighborhoods, offering the best of both worlds—a quiet, established setting w/ the energy + convenience of downtown just moments away. Waterfront parks + beaches, restaurants, cafés, boutique shopping, Kirkland Urban + the Cross Kirkland Corridor are all within easy reach, creating the walkable lifestyle that continues to make Kirkland such a desirable place to live. The location also places residents near Google’s Kirkland campus and within convenient reach of Downtown Bellevue, Microsoft’s Redmond campus + the broader Bellevue-Redmond technology employment corridor. Highly regarded Lake Washington schools add to the long-term appeal, with highly regarded Peter Kirk Elementary just a few blocks away. Easy access to I-405 and SR-520 connects the property throughout the Eastside and into Seattle, supporting continued appeal to a strong professional tenant pool. With new construction comes another meaningful investment advantage: limited deferred maintenance and fewer anticipated near-term capital expenditures compared with traditional small multifamily properties. The result is a distinctive Kirkland investment opportunity combining immediate income, low-maintenance ownership, two detached residences, and long-term exposure to one of the Eastside’s most desirable residential markets.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Engineered Hardwood, Hardwood, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories2

General

AmenitiesFire Sprinklers
Building Area Units0 sqft
Building NameEleventh Avenue Cottages
Cap Rate4.2
Carport Spaces0
Carport Y/NNo
CityKirkland
CoolingCentral Air, Ductless
CountyKing
DirectionsEast of 6th on 11th Ave
Electric Expense0
Elementary SchoolPeter Kirk Elementary
Fuel Expense0
Garage Spaces2
HOANo
HOA Fee$0
Heating90%+ High Efficiency, Ductless, Forced Air, Heat Pump
High SchoolLake Wash High
High School DistrictLake Washington
Insurance Expense4000
Leasable Area3,068 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet5,515 sqft
Lot Size UnitsSquare Feet
MLS Area560 - Kirkland/Bridle Trails
Middle/Junior High SchoolKirkland Middle
NWM_ShowMapLinkY
Net Operating Income125020
New ConstructionNo
Number Of Units Total2
PossessionClosing, Subject To Tenant Rights
Property ConditionVery Good
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksA rare opportunity to acquire two new-construction, income-producing units in Kirklands coveted East of Market neighborhood. East of Market remains one of Kirklands most sought-after neighborhoods, o
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameEast Of Market
Tax Annual Amount$16,031
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Water CompanyCity of Kirkland
Water Sewer Garbage180
Year Built2025

Exterior

Building Area Total3,068 sqft
Covered Spaces2
Exterior AmenitiesCement Planked, Stone
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Dead End Street, Paved, Sidewalk
Lot Size Acres0.1266
Parking Uncovered Total2
Site FeaturesDeck, Electric Car Charging, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
Total Parking4
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Lake Wash High
Middle School Kirkland Middle
Elementary School Peter Kirk Elementary

  

Similar Properties

$2,968,000

6 Beds 5 Baths 3,068 SQFT 0.13 Acres
Type: Multi-Family

634 + 636 Eleventh Avenue
Kirkland, WA 98033

MLS#: 2580275