16 147th Avenue Se, Bellevue, WA 98007
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: ben douglas, rowan davis
Office: paragon real estate advisors
MLS#:2522417
Source:NWMLS
16 147th Avenue Se,Bellevue, WA 98007
$1,995,000
- - Beds
- - Baths
- 4,150 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,995,000
- Price per sq. ft.:$480.72
- Monthly HOA dues:$43
About this home
Seller Financing is available for qualified buyers, with terms of 25% down, 5-year term, and 5% interest-only payments. The Bellevue Fourplex consists of four spacious two-bedroom, one-bathroom units averaging 1,038 square feet each, with a total net rentable area of 4,150 square feet on an 8,178 square foot lot. Each unit features in-unit washers and dryers, double-pane vinyl windows, and an attached garage, with tenants responsible for all utilities. The property has been meticulously maintained, including an approximately eight-year-old TPO membrane roof. Current rents average $2,168 per unit, while market rents are $2,500 per unit, presenting a new owner with immediate rental upside through light interior renovations. The property benefits from proximity to Kelsey Creek Center, a well-established neighborhood retail hub. Anchored by a mix of grocery, dining, and service-oriented tenants, the center enhances day-to-day livability and serves as a strong amenity for residents, supporting long-term tenant demand and overall appeal. Ideally located just minutes from Downtown Bellevue, T-Mobile headquarters, Microsoft’s Redmond campus, and with quick access to I-90 and I-405, the Bellevue Fourplex offers a compelling combination of location, in-place income, and rental upside in a market defined by limited supply and strong tenant demand....
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Home facts
- Year built:1969
- Listing ID #:2522417
- Updated:May 18, 2026 at 12:32 AM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:4,150 sq. ft.
Structure and exterior
- Roof:Flat Roof
- Year built:1969
- Building area:4,150 sq. ft.
- Lot area:0.19 Acres
- Construction Materials:Brick Exterior Finish, Wood Products Exterior Finish
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,995,000
- Price per sq. ft.:$480.72
- Tax amount:$12,454 (2026)
Parking
- Garage:Yes
- Garage spaces:4
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