Property Details

14506 NE 6th Place
Bellevue, WA 98007
$2,200,000
MLS# 2517900 courtesy of NWMLS Listing firm: Paragon Real Estate Advisors

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14506 NE 6th Place , Bellevue, WA 98007, Bellevue

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14506 NE 6th Place , Bellevue, WA 98007, Bellevue

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Multi-Family
Property Type
4,800
Bldg Sq Ft
4
Units
4.03%
Cap Rate
1970
Year Built

Property Overview

The Stoneridge Fourplex is located on a 9,834 SF Lot in a neighborhood that always has high rental demand and historically low vacancy rates. Every apartment features the amenities today’s renters want most, in-unit washer and dryer, smart and functional floor plans, and full kitchen appliance packages including dishwashers. Interiors blend original character with thoughtful updates completed over time, creating a solid foundation for value growth. The units are large, with an average size of 1,193 SF. The unit mix consists of 1 – 2BD/1BTH unit that is 995 SF, 2 – 2BD/1.5BTH units that are 1,220 SF and 1 – 3BD/2BTH unit that is 1,365 SF. The building has 4 secure garages along with 2 uncovered stalls allowing for ample parking and secure storage at the property for the tenants.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County King
Neighborhood Crossroads
Listed May 4, 2026
Structure Type Quadruplex
Parcel Number 8035700180

Tax & HOA

Annual Property Tax $12,191 (2025)
Est. Monthly Tax $1,016/mo
HOA Fee $3,140/annually

Financial Summary

Cap Rate 4.03%
Net Operating Income $88,679
Gross Scheduled Income $117,360
Gross Rent Multiplier 18.80
Total Expenses $28,681

Building & Use

Building Sq Ft 4,800
Leasable Area 4,800 sqft
Total Units 4
Zoning Multi-Family
Possible Use Multi-Family
Lot Size 9,836 sqft
Year Built 1970

Exterior & Lot

Lot Size 0.23 sqft
Year Built 1970
Exterior Materials Brick, Wood
Sewer Sewer Connected
Water Source Public
Exterior Features Brick, Wood Products

Community & Access

Directions From I405 S take exit for NE 8th St. Merge onto NE 8th. Right on NE 8th. Right on 143rd Ave NE. Left on NE 7th PL. Right on 144th Ave NE. Property is on the left.

Location

City Bellevue
County King
Coordinates 47.61597, -122.14722

Additional Information

Tax Year 2025
Annual Taxes $12,191
Possession Array
Listed By
Will Douglas
Paragon Real Estate Advisors

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