16 147th Ave SE
Bellevue, WA 98007
Bellevue Fourplex · Immeuble residentiel Propriété À vendre · 10 Unités

Rare opportunity to acquire the Bellevue Fourplex, a well-maintained 1969-built investment property located at 16 147th Ave SE in one of the Eastside’s most desirable submarkets. This four-unit asset offers investors the opportunity to own a multifamily property in a tightly held Bellevue location where inventory remains extremely limited. The Bellevue Fourplex consists of four spacious two-bedroom, one-bathroom units averaging 1,038 square feet each, with a total net rentable area of 4,150 square feet on an 8,178 square foot lot. Each unit features in-unit washers and dryers, double-pane vinyl windows, and an attached garage, with tenants responsible for all utilities. The property has been meticulously maintained, including an approximately eight-year-old TPO membrane roof. Current rents average $2,168 per unit, while market rents are $2,500 per unit, presenting a new owner with immediate rental upside through light interior renovations. Ideally located just minutes from Downtown Bellevue, T-Mobile headquarters, Microsoft’s Redmond campus, and with quick access to I-90 and I-405, the Bellevue Fourplex offers a compelling combination of location, in-place income, and rental upside in a market defined by limited supply and strong tenant demand.