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12626 NW 118th St
Kirkland, WA 98034
Totem Firs · Multifamily Property For Sale · 4 Units

Property Facts

No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 3,328 SF
Average Occupancy 97%
No. Stories 2
Year Built 1979
Parking Ratio 1.8/1,000 SF
Zoning RM900, Kirkland

About 12626 NW 118TH ST , KIRKLAND, WA 98034

Totem Firs is a 4-plex apartment building located in the Totem Lake neighborhood of Kirkland. Built in 1979, the property has been under current ownership for over 20 years. The unit mix is comprised of all spacious 2-bedroom, 1-bathroom apartments, of 800+ square feet each. Unit amenities include fireplace, balcony, washer and dryer, and full kitchen with electric range, and dishwasher. The property also has parking for all units. As the property is part of a complex, there is a Home Owner’s Association (HOA) in place to oversee upkeep of the grounds and land. Totem Firs has a Walk Score of 67, Somewhat Walkable. The nearest major grocery store is Fred Meyer, which is located 0.9 miles west of the property. Nearby schools include Alexander Graham Bell Elementary & Northlake Academy. There are ample retail options along the NE 124th Street commercial corridor as well being a short drive from the downtown Kirkland waterfront and Redmond Commercial Business Districts (CBD). The east-side expansion of the Link Light Rail providing access to Seattle is underway with several nearby stations in Redmond and Kirkland schedule for 2025 openings. The property is located within minutes of I-405 with a close connection to I-90 allowing for travel between several King County markets. Totem Firs is well positioned to capture a quality pool of renters who are seeking an affordable yet quality space to call home in a well-located area. It also allows for a potential buyer to occupy a unit and benefit from home ownership in addition to rental property income.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 4 - 832

Property Taxes

Property Taxes

Parcel Number
866325-0070
Land Assessment
$351,000
Improvements Assessment
$781,000
Total Assessment
$1,132,000
  • Listing ID: 17332197

  • Date on Market: 9/30/2019

  • Last Updated:

  • Address: 12626 NW 118th St, Kirkland, WA 98034

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