Mixed-Use Office and
6461 181ST Kenmore, WA 98028
6461 181ST, Kenmore, WA, 98028
$1,550,000
For Sale
$1,550,000
Adjacent occupied commercial/medical office building plus a two-unit duplex with in-unit washer/dryer and a new roof.
Property Size4,140 SF
Price / SF$374.40
Days on Market75
Property Features for 6461 181ST
General Information
- Standard status
- Active
- Size
- 4,140 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1952
Listing agency
Quantum Real Estate
Listed by
Daniel Wick
(206) 363-8509
Source
Century21northhomes
Added: May 9 Updated: Jul 20 at 9:51PM Checked: Jul 22 at 7:48AM
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 mixed-use offering combines an adjacent duplex and a fully occupied commercial/medical office building. The duplex features two 2-bedroom, 1-bath units with laminate flooring, wood cabinetry, and in-unit washer/dryers, along with a new roof installed last year. The upper unit offers lake Washington views and a single-family-home feel, while the lower daylight unit provides below-market rental potential. Detached storage sheds on site are present, currently not rented.
The commercial/medical office building is fully occupied and includes structured annual rent increases. Major HVAC upgrades were completed last year, including two new furnaces and two new heat pumps. The office space is described as having a flexible layout for office, medical, retail, or service-oriented use, with visibility and signage opportunities.
Approximately 17 off-street parking spaces serve the combined property. Located in the heart of Kenmore, the site is walkable to restaurants, parks, transit, SR-522, and the Kenmore commercial district.
The commercial/medical office building is fully occupied and includes structured annual rent increases. Major HVAC upgrades were completed last year, including two new furnaces and two new heat pumps. The office space is described as having a flexible layout for office, medical, retail, or service-oriented use, with visibility and signage opportunities.
Approximately 17 off-street parking spaces serve the combined property. Located in the heart of Kenmore, the site is walkable to restaurants, parks, transit, SR-522, and the Kenmore commercial district.
Key Highlights
- Adjacent occupied commercial/medical office building plus a 2‑unit duplex
- Duplex offers two 2‑bedroom, 1‑bath units with in‑unit washer/dryers and laminate flooring
- Duplex roof replaced last year; lower daylight unit has below‑market rent potential
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
NOI $87,300 @ 7.0% cap · market cap 5.63%
Second Best
Multifamily LT 5
$997.5K
$872.8K – $1.16M
NOI $69,827 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,072 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Adjacent occupied commercial/medical office building plus a two-unit duplex with in-unit washer/dryer and a new roof.
Where is this duplex located?
The property is located at 6461 181ST 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: Adjacent occupied commercial/medical office building plus a 2‑unit duplex; Duplex offers two 2‑bedroom, 1‑bath units with in‑unit washer/dryers and laminate flooring; Duplex roof replaced last year; lower daylight unit has below‑market rent potential
