16 147th Avenue SE, Bellevue, WA 98007 (MLS # 2522417)

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Listing provided courtesy of Northwest MLS; Paragon Real Estate Advisors

PRICE $1,995,000
BEDS 0
BATHS 0
HOME SIZE 4,150 sqft
LOT SIZE 8,177 sqft
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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.

LAST UPDATED 5/12/2026 TRACT Crossroads
YEAR BUILT 1969 COMMUNITY Crossroads
GARAGE SPACES 4.0 COUNTY King
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 530 - Bellevue/East of 405
CONSTRUCTION Brick, Wood Siding
GARAGE Yes
HEAT Electric, Wall Furnace
HOA DUES 516
LOT 8176 sq ft
LOT DIMENSIONS 8,178
MLS STATUS Active
STORIES 2
STYLE 54 - 4-Plex
SUBDIVISION Crossroads
TAXES 12454
UTILITIES Sewer Connected
WATER Public
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/13/26 3:16 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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