New Construction
For Sale
$3,936,000
11814 - 11810 NE 103rd Place, Kirkland, WA 98033
The property combines a larger four-bedroom residence with two cottage-style homes.
Property Size8,118 SF
Price / SF$484.85
Days on Market26
Property Features for 11814 - 11810 NE 103rd Place
General Information
Standard status
Active
Size
8,118 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/3BA, 2 x 2BR/2BA
Multifamily Units
3
Building Details
Year Built
2026
Buildings
3
Listing Agency:
Windermere Real Estate Co.
Listed By:
John Cowan · License #96273
(206) 522-9600
Source:
Dulayhomes
Added: Oct 9
Changed: Oct 29
Last Checked: Nov 3 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Real Estate Co.
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Investment Insights
Based on property information with market context.
Completed in 2026, this 8,118-square-foot triplex comprises three newly built residences. The largest home has four bedrooms, three full bathrooms, an office, bonus room, covered patio, and a two-car garage. Its kitchen includes a large island, beverage refrigerator, and Monogram appliances; the primary suite features heated floors, a soaking tub, and a walk-in closet.
The other two homes each offer two bedrooms and two full bathrooms, with a living room fireplace, kitchen island, space for dining, and an outdoor area. Each also includes a primary suite with a soaking tub. The property is in Kirkland’s Highlands neighborhood, near parks and trails, with access to downtown Kirkland, waterfront dining, and major technology employment centers. Lake Washington schools serve the area.
The other two homes each offer two bedrooms and two full bathrooms, with a living room fireplace, kitchen island, space for dining, and an outdoor area. Each also includes a primary suite with a soaking tub. The property is in Kirkland’s Highlands neighborhood, near parks and trails, with access to downtown Kirkland, waterfront dining, and major technology employment centers. Lake Washington schools serve the area.
Key Highlights
- Three newly built residences totaling 8,118 square feet
- Built in 2026
- Main residence has 4 bedrooms, 3 full bathrooms, an office, bonus room, covered patio, and two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,922
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,738,440
$2.7M
Cap Rate 7%
$1,956,029
$2.0M
Cap Rate 9%
$1,521,356
$1.5M
Market Conditions
NOI Build-Up for 8,118 SF
Gross rent
$207.0K $25.50/SF
− Vacancy
−$11.4K −$1.41/SF
EGI
$195.6K $24.09/SF
− OpEx
−$58.7K −$7.23/SF
NOI
$136.9K $16.87/SF
Area
King County, WA
Vacancy
5.51%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,738,440
Cap Rate 7%
$1,956,029
Cap Rate 9%
$1,521,356
Alternative Uses
Best Use
Multifamily LT 5
$1.96M
$1.71M – $2.28M
NOI $136,922 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$1.80M
$1.58M – $2.10M
NOI $126,178 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$3.25M
$2.85M – $3.79M
NOI $227,603 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 98033, WA
41,763
Population
18,211
Households
2.3
Avg Household Size
39
Median Age
73%
College-Educated
98%
High-School Grad
9.2 sq mi
ZIP Area
4,539
Density / Sq Mi
$174,005
Median Household Income
$97,472
Median Earnings
$2,386
Median Rent
$1,259,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines a larger four-bedroom residence with two cottage-style homes.
Where is this triplex located?
The property is located at 11814 - 11810 NE 103rd Place Kirkland, WA.
What is the asking price?
The asking price for this property is $3,936,000.
What are key features of this property?
This property features: Three newly built residences totaling 8,118 square feet; Built in 2026; Main residence has 4 bedrooms, 3 full bathrooms, an office, bonus room, covered patio, and two‑car garage
