Property Details
6461 NE 181st Street
Kenmore, WA 98028
$1,550,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 16
Property Overview
Rare mixed-use investment opportunity featuring adjacent duplex and commercial office buildings in the heart of Kenmore. Strong in-place income with additional upside potential and future redevelopment opportunities (buyer to verify development potential and zoning capacity to their own satisfaction). The duplex includes two 2-bedroom, 1-bath units with laminate flooring, wood cabinetry, in-unit washer/dryers, and a new roof installed last year. Upper unit offers Lake Washington views and a single-family-home feel, while the lower daylight unit provides rental upside with below-market rents. Additional income potential from detached storage sheds currently not rented. The adjacent fully occupied commercial/medical office building features structured annual rent increases and major HVAC upgrades completed last year including two new furnaces and two new heat pumps. Flexible office, medical, retail, or service-oriented layout with excellent visibility and signage opportunity. Approximately 17 total off-street parking spaces. Prime walkable location near restaurants, parks, transit, SR-522, and the vibrant Kenmore commercial district.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Kenmore
Listed
May 14, 2026
Financial Summary
Cap Rate
6.50%
Net Operating Income
$100,114
Gross Scheduled Income
$125,700
Gross Rent Multiplier
12.10
Total Expenses
$27,986
Building & Use
Building Sq Ft
4,140
Leasable Area
3,840 sqft
Zoning
Commercial
Possible Use
Commercial
Lot Size
12,493 sqft
Year Built
1952
Exterior & Lot
Lot Size
0.29 sqft
Year Built
1952
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Value In Land
Exterior Features
Wood
Location
City
Kenmore
County
King
Coordinates
47.75937, -122.25446
Additional Information
Tax Year
2026
Annual Taxes
$16,287
Possession
Array
Based on information submitted to the MLS GRID as of May 14, 2026 11:00 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.
