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16 147th Ave SE
Bellevue, WA 98007 Southeast Bellevue

$1,995,000 USD

Apartments For Sale • 5,070 SF

Property Details

Property Type Apartments
Total Building Size 8,178 SF
Lot Size 0.19 AC
Building Class C
Year Built 1969
Cap Rate 4.30 %
Zoning MDR-2

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                Seller Financing is available for qualified buyers with terms of 25% down, 5-year term, and 5% interest-only payments
                            
                                Centrally located in Bellevue's highly desirable Lake Hills neighborhood
                            
                                Four spacious 2-bedroom, 1-bath units (~1,038 SF)
                            
                                Each unit includes its own attached garage, offering tenants secure parking and additional storage
                            
                                Washers and dryers in each unit
                            
                                TPO Membrane roof fully replaced 8 years ago

Property Flyers

Bellevue Fourplex - Agents

Financial Summary (Actual)

Net Operating Income: $85,842 USD (2026)

Cap Rate:	4.30 %
Total Expenses:	$19,590 USD

Amenities

Fireplace

Public Transportation

Airport	Drive	Walk	Distance
Seattle-Tacoma International	30 min	-	18.0 mi
Seattle Paine Field International	39 min	-	25.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Ben Douglas 206-658-7247 Paragon Real Estate Advisors

16 147th Ave SE Bellevue, WA 98007 Southeast Bellevue