Property Details
12602 NE 118th Street
Kirkland, WA 98034
$1,799,000
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Property Overview
Clean and well maintained Kirkland 4-plex in Totem Lake Area, updated and fully occupied. Stucco & brick exterior, 2 bedroom 1 bath units with washer/dryer inside each unit, decks. 3 year old roof, new paint. Close to shopping, public transportation, freeway access and restaurants. Great low maintenance investment and easy to manage. Drive by and walk exterior. Please do not disturb tenants. HOA takes care of landscaping, trash removal, and common area maintenance. The 4-plex is one of 12 separate 4-plexes that make up Totem Firs Apartment complex. Each building owned separately. *Ask you broker about a possible INTEREST RATE BUYDOWN.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Totem Lake
Listed
Jan 6, 2026
Original Price
$1,999,950
Structure Type
Quadruplex
Parcel Number
2826059199
Tax & HOA
Annual Property Tax
$9,386 (2024)
Est. Monthly Tax
$782/mo
HOA Fee
$1,500/quarterly
Financial Summary
Cap Rate
4.00%
Net Operating Income
$75,730
Gross Scheduled Income
$98,000
Gross Rent Multiplier
18.00
Total Expenses
$19,978
Building & Use
Building Sq Ft
3,328
Leasable Area
3,328 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
7,841 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.18 sqft
Year Built
1979
Exterior Materials
Brick, Stucco, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Cul-De-Sac
Exterior Features
Brick, Stucco, Wood
Community & Access
Directions
GPS friendly- First 4plex on left at Totem Firs complex.
Location
City
Kirkland
County
King
Coordinates
47.70615, -122.17252
Additional Information
Tax Year
2024
Annual Taxes
$9,386
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 10:37 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
