1301 Bellevue Way Southeast
1301 Bellevue Way Southeast
Bellevue, WA 98004
$2,550,000
Price
12
Beds
9
Baths
5,782 Sq. Ft.
$441 / Sq. Ft.
5,782
Sq. Ft.
$441
per Sq. Ft.
Pending
Pending
Listing provided courtesy of Paragon Real Estate Advisors
Description
This rare opportunity sits on a large 20,897 square foot lot zoned R-10 on a quiet, residential street in one of the most desired cities in the Puget Sound area. The Bellevue Fourplex consists of two large three bedroom two and a half bath townhouse units and two large three bedroom two bath townhouse units ranging in size from 1,339 to 1,552 square feet. One of the four units has just undergone a complete renovation that highlights the upside potential for the other three units. These two-story...This rare opportunity sits on a large 20,897 square foot lot zoned R-10 on a quiet, residential street in one of the most desired cities in the Puget Sound area. The Bellevue Fourplex consists of two large three bedroom two and a half bath townhouse units and two large three bedroom two bath townhouse units ranging in size from 1,339 to 1,552 square feet. One of the four units has just undergone a complete renovation that highlights the upside potential for the other three units. These two-story units have private patios, fireplaces, and in-unit washer and dryer. The zoning presents the opportunity to develop four homes on the property with comparable homes trading around $2.3M each (buyer to verify).
- Listed by Michael Urquhart • Paragon Real Estate Advisors
- Listed by Brian D. Platt • Paragon Real Estate Advisors
Property Details for 1301 Bellevue Way Southeast
Community Name
Bellevue
School DistrictBellevue
Number of Assigned Spaces8
Total Covered Parking0
Offers Review Date05-22-2024
Entry Date05-15-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Add your commute
LISTING UPDATED: 05/27/2024 02:46 PM
Property Details for 1301 Bellevue Way Southeast
| Status | Pending |
|---|---|
| MLS # | 2238299 |
| Days on Market | 12 |
| Cumulative Days on Market | 12 |
| Taxes | $17,289 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1980 |
| Lot Size | 0.48 AC / 20,897 SF |
| County | King County |
Location
Listing Courtesy of Paragon Real Estate Advisors![]()
Add your commute
Building Information for 1301 Bellevue Way Southeast
Stories2Residences4Year Built1980Building Size-Lot Size0.48 AC / 20,897 SF
Payment Calculator
$15,357 per month
30 year fixed, 7.25% Interest
Principal and Interest
$13,916
Property Taxes
$1,441
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1301 Bellevue Way Southeast
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 520 - Bellevue/West of 405
- Directions: from Downtown Bellevue, head west on NE 4th St. Turn left onto Bellevue Way NE.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 4.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Radiant
Exterior Features
- Exterior: Stucco
- Roof: Built-Up
Property
Utilities
- Water/Sewer/Garbage: 7907
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 36
Lot Information
- Lot Size Source: King County
- Parcel Number Free Text: 2213000075
- Calculated Square Footage: 5782
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5782.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 2
- Vacancy Rate: 1
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 39075
- Gross Adjusted Income: 103653
- Gross Rent Multiplier: 19.3
- Gross Scheduled Income: $104,700
- Insurance Expense: $4,879
- Net Operating Income: $54,578
- Other Expenses: $9,000
- Total Monthly Income: 8725
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1552
- Rent Unit 1: $1,850.00
- Bedrooms Unit 1: 3
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1339
- Rent Unit 2: $1,800.00
- Bedrooms Unit 2: 3
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 3
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 1339
- Rent Unit 3: $3,500.00
- Bedrooms Unit 3: 3
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 3
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 1552
- Rent Unit 4: $1,575.00
- Bedrooms Unit 4: 3
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 20897.0
- Leasable Area Units: Square Feet
Property History for 1301 Bellevue Way Southeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1301 Bellevue Way Southeast
Taxable ValueLand$1,253,800Additions$971,200Total$2,225,000
Tax Record2022$15,750 ($1,312 / month)
Home Facts
Total Finished SqFt5,784 SqFtAbove Ground SqFt5,784 SqFtStories2Lot Size20,897 SqFtStyleMulti-Family Dwelling (2-4)Year Built1980Year Renovated1995ZoningR-10CountyKINGAPN221300-0075
Schools near 1301 Bellevue Way Southeast
This home is within Bellevue School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
Enatai Elementary School PublicPK to 5 | ||
Chinook Middle School Public6 to 8 | ||
Bellevue High School Public9 to 12 | ||
Career Education Options Reengagement Program Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near West Bellevue
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Paragon Real Estate Advisors
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.