1510 Market Street
1510 Market Street
Kirkland, WA 98033
$2,600,000
Last Sold Price
6
Beds
4
Baths
3,225 Sq. Ft.
$806 / Sq. Ft.
3,225
Sq. Ft.
$806
per Sq. Ft.
Sold 7/19/23
Sold 7/19/23
Listing provided courtesy of Keller Williams Eastside, Realogics Sotheby's Int'l Rlty
Description
Kirkland's premier neighborhood investment property with prime Market Street location, stable rental income and future “Market Street Corridor” MSC1 zoning development opportunities. Currently hosts an income producing 4-plex w/2-2 BR and 2-1 BR units with stable tenants and rental income renewed annually. Property’s exceptional location, lot size and flexible MSC1 zoning provide future redevelopment opportunities including multiple townhomes, condos and/or retail and office space. Seller has obtained...Kirkland's premier neighborhood investment property with prime Market Street location, stable rental income and future “Market Street Corridor” MSC1 zoning development opportunities. Currently hosts an income producing 4-plex w/2-2 BR and 2-1 BR units with stable tenants and rental income renewed annually. Property’s exceptional location, lot size and flexible MSC1 zoning provide future redevelopment opportunities including multiple townhomes, condos and/or retail and office space. Seller has obtained professionally drafted architectural feasibility studies that outline future value enhancing redevelopment possibilities.
- Listed by Brenda Nunes • Keller Williams Eastside
- Listed by Daniel Nunes • Keller Williams Eastside
Property Details for 1510 Market Street
Community Name
East Of Market
School DistrictLake Washington
ViewLake, Mountain(s), Partial, Territorial
Number of Assigned Spaces6
Total Covered Parking0
Entry Date10-03-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Keller Williams Eastside![]()
Sold By Realogics Sotheby's Int'l Rlty
Add your commute
LISTING UPDATED: 07/19/2023 09:25 AM
Property Details for 1510 Market Street
| Status | Sold |
|---|---|
| MLS # | 2001752 |
| Days on Market | 270 |
| Cumulative Days on Market | 517 |
| Taxes | $17,600 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1960 |
| Lot Size | 0.24 AC / 10,445 SF |
| County | King County |
Location
Listing Courtesy of Keller Williams Eastside![]()
Sold By Realogics Sotheby's Int'l Rlty
Add your commute
Building Information for 1510 Market Street
Stories2Residences4Year Built1960Building Size-Lot Size0.24 AC / 10,445 SF
Payment Calculator
$15,656 per month
30 year fixed, 7.25% Interest
Principal and Interest
$14,189
Property Taxes
$1,467
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1510 Market Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Deck, Gas Available, High Speed Internet
- Area: 560 - Kirkland/Bridle Trails
- Block: 120
- Elementary School: Peter Kirk Elementary
- Middle Or Junior School: Kirkland Middle
- High School: Lake Wash High
- Effective Year Built Source: Public Records
- Directions: Take exit 18 from I-405N for 85th St toward Kirkland. Turn right onto 6th Avenue. Turn left onto 7th Avenue. Turn right onto Market Street. Property is 1/2 mile on the right.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
- Additional Tax Ids: 3885803845
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 6.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Ceramic Tile, Engineered Hardwood, Vinyl, Carpet
- Features: Ceramic Tile, Wall to Wall Carpet
- Amenities: Thermal Windows
- Cooling: Yes
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl, See Remarks
- Roof: Flat
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5520
- Power Company: Puget Sound Energy
- Sewer Company: City of Kirkland
- Water Company: City of Kirkland
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Business,Commercial,Multi-Family,Office,Residential,Retail
- First Right Of Refusal: false
- Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1960
- Photos Count: 12
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk, Value In Land
- Lot Number: 11,12,13,14
- Lot Size Source: realist
- Parcel Number Free Text: 3885803850
- Calculated Square Footage: 3225
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3225.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 6
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $515
- Total Expenses: 30812
- Gross Adjusted Income: 92400
- Gross Rent Multiplier: 37.34
- Gross Scheduled Income: $92,400
- Insurance Expense: $1,294
- Net Operating Income: $62,103
- Other Expenses: $5,883
- Total Monthly Income: 7700
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 650
- Rent Unit 1: $1,750.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 650
- Rent Unit 2: $1,600.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 850
- Rent Unit 3: $2,200.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 950
- Rent Unit 4: $2,150.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3225.0
- Leasable Area Units: Square Feet
Property History for 1510 Market Street
| 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 1510 Market Street
Taxable ValueLand$900,900Additions$515,100Total$1,416,000
Tax Record2022$11,150 ($929 / month)
Home Facts
Total Finished SqFt3,024 SqFtAbove Ground SqFt3,024 SqFtStories2Lot Size7,834 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960Year Renovated1993ZoningMSC 1CountyKINGAPN388580-3850
Schools near 1510 Market Street
This home is within Lake Washington School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 1 to 5 |
Rating | School | Distance |
|---|---|---|
Peter Kirk Elementary School PublicK to 5 | ||
Kirkland Middle School Public6 to 8 | ||
Lake Washington High School Public9 to 12 | ||
Community School Public1 to 5 |
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.
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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 Keller Williams Eastside
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.