325 4th Ave
Kirkland, WA 98033
Kirkland Central · Immeuble residentiel Propriété À vendre · 6 Unités

Cushman & Wakefield, as exclusive advisor is pleased to present Kirkland Central—a rare opportunity to acquire a stabilized multifamily investment or redevelopment site in the heart of Downtown Kirkland. Located at 325 4th Avenue, the ±8,700 SF, 6 unit-property sits on a ±15,015 SF parcel zoned PLA 7B. Conceptual massing studies support redevelopment into 8-10 luxury townhomes or condos with garages, designed to meet growing demand for high-end residential living in one of the Eastside’s most desirable neighborhoods.
Situated on a quiet residential block just one block from Central Way and minutes from Lake Washington, the site combines neighborhood charm with proximity to walkable amenities, Bus Rapid Transit at SR-405/NE 85th, and major employers like Google and Microsoft.
The property is a renovated 6-unit townhouse apartment building operating as a rental, with an effective year of 2005. Each unit includes two parking stalls, in-unit washer/dryer, and updated interiors. The projected 2026 pro forma NOI is approximately $207,000, with potential to reach $259,000 through minor upgrades.
Zoned PLA-7B, the ±15,015 SF site supports redevelopment. Preliminary massing studies indicate feasibility for an 8–10 unit, 3–4 story townhome or condo project, featuring 2,000–2,700 SF units, each with a private entry, two-car garage, and rooftop deck. Designs comply with Kirkland’s zoning standards, including 60% lot coverage and a 35’ height limit.