2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074
- $1,950,000
- 4,796
- SqFt
Listing courtesy of Windermere Real Estate/East.
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 2483545
- Days on Market
- 151
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 4,796
- Area Total SqFt
- 4796
- Annual Tax Ammount
- 11733
- Lot Size (sq ft)
- 82,031
- Sewer
- Sewer Connected
Property Description
Exceptional low-maintenance INVESTMENT OPPORTUNITY with unobstructed Lake Sammamish water views on a generous lot featuring two income-producing duplexes (non-conforming)! This fully occupied property offers four total units with long-term, reliable tenants already in place, creating immediate and stable cash flow. Thoughtfully maintained and easy to manage, each unit includes its own washer and dryer, providing added convenience and tenant appeal. The property encompasses a total of 8 bedrooms and 6.5 bathrooms across the four residences, offering flexible living arrangements that continue to attract strong rental demand. Ample parking for all units plus joint storage unit—an increasingly valuable amenity for long-term tenants. The expansive lot enhances privacy and features unobstructed lake views, making this a rare blend of strong investment fundamentals and exceptional location appeal. With solid occupancy history, functional layouts, and desirable amenities already in place, this property presents a compelling opportunity for investors seeking dependable income and future upside potential. Please do not disturb tenants.
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Additional Information
- List Date
- 2026-02-26 00:03:10
- Community
- East Lake Sammamish
- Net Operating Income
- $69,794
- Gross Adjusted Income
- $94,200
- Gross Scheduled Income
- $94,200
- Total Monthly Income
- $7,850
- Insurance Expenses
- $4,824
- Water/Sewer/Garbage Expenses
- $1,383
- Gross Rent Multiplier
- 20.7
- Total Expenses
- $24,405
- Cap Rate
- 3.5700000000000003
- Total Number of Units
- 4
- Unit Name
- 2232
- Potential Terms
- Cash, Conventional
- Year Built
- 1957
- View
- Lake, Partial, Territorial
- Roof
- Composition, Flat
- Site Features
- Cable TV, Deck, Gas Available, High Speed Internet, Patio
- Other Expenses
- 6465
- Energy Source
- Natural Gas
- School District
- Lake Washington
- Elementary School
- Blackwell Elem
- Middle School
- Inglewood Middle
- High School
- Eastlake High
- Total Monthly Income
- $7,850
- Gross Scheduled Income
- $94,200
- Gross Adjusted Income
- $94,200
- Tax Year
- 2025
- Insurance Expense
- $4,824
- W/S/G Expenses
- $1,383
- Total Expenses
- $24,405
- Net Operating Income
- $69,794
- Gross Rent Multiplier
- 20.7
- Cap Rate
- 3.5700000000000003
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.