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14020 SE 8th St
Bellevue, WA 98007 Southeast Bellevue

$3,250,000 USD

Apartments For Sale  •  5,366 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,366 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1987
  • Cap Rate 3.50 %
  • Zoning R20, Bellevue
50 Transit Score
60 Walk Score

Highlights

Seller is offering financing at30% down, 5% interest-only, on a five-year term. Qualified buyers only. Personal gurantee must be signed by buyer.
3 of the 6 units have been renovated, demonstrating a proven rent premium over the unrenovated units.
Market rate parking in the Eastgate submarket is $50 per space per month, representing $7,800 in uncaptured annual income available to a new owner
All units share a consistent 894-square-foot, 2 Bed / 2 Bathroom floor plan, providing uniform operating efficiency and strong appeal.
Water meters are all separately metered with their own shutoffs. Tenants pay for their water consumption and owner pays for garbage collection.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $113,729 USD (2026)
Cap Rate: 3.50 %
Total Expenses: $37,743 USD

Amenities

  • Balcony
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Storage Space

Public Transportation

AirportDriveWalkDistance
Seattle-Tacoma International 28 min - 17.9 mi
Seattle Paine Field International 37 min - 25.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Ben Douglas 206-658-7247 Paragon Real Estate Advisors
Ben Douglas 206-658-7247 Paragon Real Estate Advisors