James & Angie Smith

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Listing provided courtesy of Quantum Real EstateNWMLSas Distributed by MLSGrid- MLS# NWM2524341MLS Provider

6461 NE 181st StreetKenmore, WA 98028

Multi-Family · 4,140 Sq. ft. | 0.29 Acres
$1,550,000 Active

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
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.

6461 NE 181st Street 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.

6461 NE 181st Street Market Data

Based on the last 30 days in this zip code

$1,055,188
Average List Price
$482
Average Price per Square Foot
33
Properties Sold
60
Average Days on Market
150
Properties for Sale
Calculations provided by Reliance Network

6461 NE 181st Street History

Date Event Value Agent
5/14/2026Source: NWMLS Added to Database
May 14, 2026
5/13/2026Source: NWMLS Added to Database
May 13, 2026
12/12/2022Source: NWMLS Added to Database
December 12, 2022