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Kenmore Mixed-Use Investment Opportunity

6443-6461 NE 181st St Kenmore, WA 98028

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Duplex and commercial building with income and redevelopment potential.

Type:OFFICE
Property size:
4,140 SF
Price / SF:
$374/SF
Added:
May 14, 2026
Days on Market:
60
Last Refresh:
Jun 30 at 8:57 am

Property Features for 6443-6461 NE 181st St

General Information

Standard status
Active
Size
4,140 SF
Property subtype
OFFICE

Listing office Quantum Real Estate

Listing date May 14, 2026

Source Moodyscre

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 Quantum Real Estate


Investment Insights

Based on property information with market context.

This rare mixed-use investment opportunity features adjacent duplex and commercial office buildings located in Kenmore. The duplex contains two 2-bedroom, 1-bath units. Each unit includes laminate flooring, wood cabinetry, and in-unit washer/dryers. A new roof was installed last year. The upper unit offers views of Lake Washington and the lower daylight unit provides rental upside with below-market rents. There is additional income potential from detached storage sheds. The adjacent commercial/medical office building is fully occupied and features structured annual rent increases. Major HVAC upgrades were completed last year, including two new furnaces and two new heat pumps. The layout is flexible for office, medical, retail, or service-oriented businesses, with excellent visibility and signage opportunities. The property includes approximately 17 total off-street parking spaces. It is located in a walkable location near restaurants, parks, transit, SR-522, and the Kenmore commercial district. The property offers future redevelopment opportunities. The property size is 4140 square feet.

Key Highlights

  • Rare mixed‑use investment opportunity with duplex and commercial office buildings.
  • Strong in‑place income with additional upside potential.
  • Prime, walkable location near restaurants, parks, transit, and SR‑522.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $149.0k $36.00
− Vacancy −$32.6k −$7.88
EGI $116.4k $28.12
− OpEx −$29.1k −$7.03
NOI $87.3k $21.09
4,140 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.25M
$1.09M – $1.46M (±1% cap)
NOI $87,300 @ 7.0% cap · market cap 5.63%
Second Best
Multifamily LT 5
$997.5K
$872.8K – $1.16M (±1% cap)
NOI $69,827 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M (±1% cap)
NOI $116,072 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Hair Salon Skin Care Clinic Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Parts Store Barber Shop Home Appliance Store Catering Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Duplex and commercial building with income and redevelopment potential.
Where is this mixed-use property located?
The property is located at 6443-6461 NE 181st St Kenmore, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Rare mixed‑use investment opportunity with duplex and commercial office buildings.; Strong in‑place income with additional upside potential.; Prime, walkable location near restaurants, parks, transit, and SR‑522.
Contact an agent
(206) 900-2626 Call to check price and availability
More about this property
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