Property Details
634 + 636 Eleventh Avenue
Kirkland, WA 98033
$3,125,000
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Property Overview
A rare opportunity to acquire two new-construction, income-producing units in Kirkland’s coveted East of Market neighborhood. East of Market remains one of Kirkland’s most sought-after neighborhoods, offering the best of both worlds—a quiet, established setting w/ the energy + convenience of downtown just moments away. Waterfront parks + beaches, restaurants, cafés, boutique shopping, Kirkland Urban + the Cross Kirkland Corridor are all within easy reach, creating the walkable lifestyle that continues to make Kirkland such a desirable place to live. The location also places residents near Google’s Kirkland campus and within convenient reach of Downtown Bellevue, Microsoft’s Redmond campus + the broader Bellevue-Redmond technology employment corridor. Highly regarded Lake Washington schools add to the long-term appeal, with highly regarded Peter Kirk Elementary just a few blocks away. Easy access to I-405 and SR-520 connects the property throughout the Eastside and into Seattle, supporting continued appeal to a strong professional tenant pool. With new construction comes another meaningful investment advantage: limited deferred maintenance and fewer anticipated near-term capital expenditures compared with traditional small multifamily properties. The result is a distinctive Kirkland investment opportunity combining immediate income, low-maintenance ownership, two detached residences, and long-term exposure to one of the Eastside’s most desirable residential markets.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
East Of Market
Listed
Aug 12, 2026
Structure Type
Duplex
Parcel Number
6400600020
Tax & HOA
Annual Property Tax
$16,031 (2026)
Est. Monthly Tax
$1,336/mo
HOA Fee
$392/monthly
Financial Summary
Cap Rate
4.00%
Net Operating Income
$125,020
Gross Scheduled Income
$149,940
Gross Rent Multiplier
20.84
Total Expenses
$24,919
Building & Use
Leasable Area
3,048 sqft
Total Units
2
Year Built
2025
Exterior & Lot
Lot Size
0.13 sqft
Year Built
2025
Garage
2 spaces
Exterior Materials
Cement Plank, Stone
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Dead End Street, Paved, Sidewalk
Exterior Features
Cement Planked, Stone
Community & Access
Directions
East of 6th on 11th Ave
Location
City
Kirkland
County
King
Coordinates
47.68432, -122.19561
Additional Information
Tax Year
2026
Annual Taxes
$16,031
Possession
Array
Based on information submitted to the MLS GRID as of August 13, 2026 12:00 PM. 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.
