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Kirkland 5 906-910 6th St S 4 Unit Apartment Building $5,236,932 CAD ($1,309,233 CAD/Unit) 4.91% Cap Rate Kirkland, WA 98033
Investment Highlights
- Incredible Houghton location – Blocks from Kirkland’s downtown & waterfront
- Fantastic westerly views of Lake Washington and Olympic Mountains from each unit
- Condo-quality remodel throughout each spacious 1,150- SF residential unit
- Only 1 block to several restaurants, Metropolitan Market, CVS, cleaners, and services
- Large, covered decks with new light-emitting architectural covers protecting from rain and providing solar shade
- Four 2-bed / 1.5-bath open-concept townhome units plus 1 fully leased retail space
Executive Summary
Incredible Houghton location – Blocks from Kirkland’s downtown & waterfront
Only 1 block to several restaurants, Metropolitan Market, CVS, cleaners, and services
Fantastic westerly views of Lake Washington and Olympic Mountains from each unit
Large, covered decks with new light-emitting architectural covers protecting from rain and providing solar shade
Condo-quality remodel throughout each spacious 1,150- SF residential unit
Four 2-bed / 1.5-bath open-concept townhome units plus 1 fully leased retail space
Residential leases all signed in first weekend of open house prior to availability
Fully enclosed synthetic-turf dog park and play area, additional synthetic-turf courtyards for outdoor use
Built for low/no landlord maintenance and involvement both outside and in
“Very Walkable” walk score of 71 – multiple bus routes, several restaurants, and a park are all within a 10-minute walk
Easy access to I-405 and Highway 520, Bellevue, and Seattle
Owner-occupant opportunity
Land Bank - 15,511-SF lot size with PR-5.0 zoning
Only 1 block to several restaurants, Metropolitan Market, CVS, cleaners, and services
Fantastic westerly views of Lake Washington and Olympic Mountains from each unit
Large, covered decks with new light-emitting architectural covers protecting from rain and providing solar shade
Condo-quality remodel throughout each spacious 1,150- SF residential unit
Four 2-bed / 1.5-bath open-concept townhome units plus 1 fully leased retail space
Residential leases all signed in first weekend of open house prior to availability
Fully enclosed synthetic-turf dog park and play area, additional synthetic-turf courtyards for outdoor use
Built for low/no landlord maintenance and involvement both outside and in
“Very Walkable” walk score of 71 – multiple bus routes, several restaurants, and a park are all within a 10-minute walk
Easy access to I-405 and Highway 520, Bellevue, and Seattle
Owner-occupant opportunity
Land Bank - 15,511-SF lot size with PR-5.0 zoning
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$294,536
|
$56.92
|
| Other Income |
$29,354
|
$5.67
|
| Vacancy Loss |
$8,098
|
$1.56
|
| Effective Gross Income |
$315,793
|
$61.02
|
| Taxes |
$27,639
|
$5.34
|
| Operating Expenses |
$30,981
|
$5.99
|
| Total Expenses |
$58,619
|
$11.33
|
| Net Operating Income |
$257,173
|
$49.70
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $294,536 |
| Annual Per SF | $56.92 |
| Other Income (CAD) | |
|---|---|
| Annual | $29,354 |
| Annual Per SF | $5.67 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,098 |
| Annual Per SF | $1.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $315,793 |
| Annual Per SF | $61.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,639 |
| Annual Per SF | $5.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,981 |
| Annual Per SF | $5.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,619 |
| Annual Per SF | $11.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $257,173 |
| Annual Per SF | $49.70 |
Property Facts
| Price | $5,236,932 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,309,233 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 4.91% | Building Size | 5,175 SF |
| Gross Rent Multiplier | 16.2 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1981 |
| Property Type | Multifamily | Parking Ratio | 2.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | PR 5.0 | ||
| Price | $5,236,932 CAD |
| Price Per Unit | $1,309,233 CAD |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| Gross Rent Multiplier | 16.2 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,175 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.32/1,000 SF |
| Zoning | PR 5.0 |
Amenities
Unit Amenities
- Dishwasher
- Storage Space
- Washer/Dryer
- Refrigerator
- Range
- Tub/Shower
- Views
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $5,324 CAD | 1,150 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $3,142,064 CAD (2025) | |
| Land Assessment | $2,077,037 CAD (2025) | Annual Taxes | $27,639 CAD ($5.34 CAD/SF) |
| Improvements Assessment | $1,065,027 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$2,077,037 CAD (2025)
Improvements Assessment
$1,065,027 CAD (2025)
Total Assessment
$3,142,064 CAD (2025)
Annual Taxes
$27,639 CAD ($5.34 CAD/SF)
Tax Year
2026
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Kirkland 5 | 906-910 6th St S
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