Listing provided courtesy of Windermere Real Estate/EastNWMLSas Distributed by MLSGrid- MLS# NWM2483545MLS Provider

2232 E Lake Sammamish Parkway NESammamish, WA 98074

Multi-Family · 8 Beds · 4,796 Sq. ft. | 1.88 Acres
$1,950,000 Active

2232 E Lake Sammamish Parkway NE Overview

Visits:
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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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2232 E Lake Sammamish Parkway NE Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,796
  • Price/Sq.ft. $407
  • Lot 1.88 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Lake Washington
  • Elementary School: Blackwell Elem
  • Middle Or Junior School: Inglewood Middle
  • High School: Eastlake High

Income/Expenses

  • Other Expense: 6465
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 94200
  • Insurance Expense: 4824
  • Net Operating Income: 69794
  • Total Expenses: 24405
  • Total Monthly Income: 7850
  • Water/Sewer/Garbage: 1383

Building Information

  • New Construction: No
  • Year Built: 1957

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 540 - East of Lake Sammamish
  • Subdivision Name: East Lake Sammamish

Community/Development

  • Amenities: See Remarks,Storage

Tax Information

  • Tax Annual Amount: $11,733.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 7525900050
  • Property Condition: Very 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: 4796
  • Building Area Units: Square Feet
  • Calculated Square Footage: 4796
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 4796
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Natural Gas
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Uncovered Total: 8

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 1.8832
  • Lot Size Square Feet: 82031
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Gas Available, High Speed Internet, Patio
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition, Flat
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1500
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1850
  • Beds Total: 2
  • Baths Total: 2

Unit 3 Details

  • Actual Rent: 2100
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 2400
  • Beds Total: 3
  • Baths Total: 2

2232 E Lake Sammamish Parkway NE Neighborhood

Community

98074 (Sammamish) Demographics

38
Median Age
2,408
Population Density (per sq. mile)
84%
College Educated
$196,146
Estimated Median Income
8,440
Estimated Total Home Owners
1,127
Estimated Total Renters
88% / 12%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

2232 E Lake Sammamish Parkway NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2232 E Lake Sammamish Parkway NE Market Data

Based on the last 30 days in this zip code

$1,927,990
Average List Price
$644
Average Price per Square Foot
25
Properties Sold
47
Average Days on Market
169
Properties for Sale
Calculations provided by Reliance Network

2232 E Lake Sammamish Parkway NE History

Date Event Value Agent
2/26/2026Source: NWMLS Added to Database
February 26, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021