Log In/Sign Up
Your email has been sent.
14506 NE 6th Pl 4 Unit Apartment Building $2,200,000 ($550,000/Unit) 4.03% Cap Rate Bellevue, WA 98007
Investment Highlights
- Excellet location in Bellevue's Crossroads neighborhood
- Great unit mix: 1-2BD/1BTH | 2-2BD/1.5BTH | 1-3BD/2BTH
- 4 secure garage stalls - one dedicated for each unit
- Large units with functional layouts - Average of 1,194 SF
- All units have in-unit washer/dryer
- All units have private entrace
Executive Summary
The Stoneridge Fourplex is located on a 9,834 SF Lot in a neighborhood that always has high rental demand and historically low vacancy rates. Every apartment features the amenities today’s renters want most, in-unit washer and dryer, smart and functional floor plans, and full kitchen appliance packages including dishwashers. Interiors blend original character with thoughtful updates completed over time, creating a solid foundation for value growth. The units are large, with an average size of 1,193 SF. The unit mix consists of 1 – 2BD/1BTH unit that is 995 SF, 2 – 2BD/1.5BTH units that are 1,220 SF and 1 – 3BD/2BTH unit that is 1,365 SF. The building has 4 secure garages along with 2 uncovered stalls allowing for ample parking and secure storage at the property for the tenants.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $550,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.03% | Building Size | 4,774 SF |
| Gross Rent Multiplier | 18.75 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LDR-3 - Residential | ||
| Price | $2,200,000 |
| Price Per Unit | $550,000 |
| Sale Type | Investment |
| Cap Rate | 4.03% |
| Gross Rent Multiplier | 18.75 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 4,774 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | LDR-3 - Residential |
Amenities
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,250 | 995 |
| 2+1.5 | 2 | $2,623 | 1,220 |
| 3+2 | 1 | $2,745 | 1,365 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 803570-0180 | Total Assessment | $1,789,000 |
| Land Assessment | $367,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,422,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
803570-0180
Land Assessment
$367,000
Improvements Assessment
$1,422,000
Total Assessment
$1,789,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 47
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
14506 NE 6th Pl