Listing provided courtesy of Quantum Real EstateNWMLSas Distributed by MLSGrid- MLS# NWM2524341
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Request Info6461 NE 181st StreetKenmore, WA 98028
Multi-Family · 4,140 Sq. ft. | 0.29 Acres$1,550,000
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6461 NE 181st Street Overview
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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.
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6461 NE 181st Street Facts & Features
- Type Multi-Family
- Sq. ft. 4,140
- Price/Sq.ft. $374
- Lot 0.29 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Northshore
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 125700
- Insurance Expense: 4817
- Net Operating Income: 100114
- Total Expenses: 27986
- Total Monthly Income: 128100
- Water/Sewer/Garbage: 6882
Building Information
- New Construction: No
- Year Built: 1952
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 720 - Lake Forest Park
- Subdivision Name: Kenmore
Tax Information
- Tax Annual Amount: $16,287.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 6181700035
- Possible Use: Commercial
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 4140
- Building Area Units: Square Feet
- Calculated Square Footage: 4140
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Laminate, Vinyl, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3840
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Partially Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 17
- Parking Uncovered Total: 17
Lot Information
- Irrigation Water Rights: No
- Lot Features: Value In Land
- Lot Size Acres: 0.2868
- Lot Size Square Feet: 12493
- Lot Size Units: Square Feet
- Site Features: Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings
- Elevation Units: Feet
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Quadruplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood
- Number Of Units Total: 0
- Sewer: Sewer Connected
6461 NE 181st Street Neighborhood
Community
98028 (Kenmore) Demographics
40
Median Age
3,588
Population Density (per sq. mile)
66%
College Educated
$115,093
Estimated Median Income
6,796
Estimated Total Home Owners
2,500
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.6461 NE 181st Street Monthly Cost
6461 NE 181st Street Market Data
Based on the last 30 days in this zip code
$1,059,457
Average List Price
$481
Average Price per Square Foot
33
Properties Sold
60
Average Days on Market
149
Properties for Sale
6461 NE 181st Street History
| Date | Value | Agent |
|---|---|---|
| 5/14/2026Source: NWMLS | May 14, 2026 |
|
| 5/13/2026Source: NWMLS | May 13, 2026 |
|
| 12/12/2022Source: NWMLS | December 12, 2022 |