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31345734
31345762

2232 E Lake Sammamish Pkwy NE, Sammamish, WA 98074 For Sale

Windermere Real Estate East Inc.
Listed by Windermere Real Estate East Inc.
$1,950,000
113 days on market
Updated 112 days ago

Sammamish Four-Plex

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 4,796
Units 4
Cap Rate 3.58%
NOI $69,794
Occupancy 100%
Pro-Forma Cap Rate 3.58%
Pro-Forma NOI $69,794
Price per SqFt $407
Broker Co-Op Yes
Year Built 1957
Buildings 2
Stories 2
Lot Size (SqFt) 82,031
Parking Spaces 2 per unit
Ground Lease Yes
Sale Condition For sale by owner

Multifamily | 4 Units | 100% Occupancy | Lake View

Marketing 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. Attached you will find the complete PROFORMA.

Investment highlights

Reach out to Julie Scozzafave - 425-417-3566 / [email protected] for complete PROFORMA.

Listing Contacts

Windermere Real Estate East Inc.
Listed by Windermere Real Estate East Inc.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$69,794.00
$5,816.17/mo

Valuation Metrics

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DSCR
3.58%
Cap Rate
3.58%
ROI

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Property History

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