16 147th Avenue SE, Bellevue, WA 98007

Property Description

Seller Financing is available for qualified buyers, with terms of 25% down, 5-year term, and 5% interest-only payments. The Bellevue Fourplex consists of four spacious two-bedroom, one-bathroom units averaging 1,038 square feet each, with a total net rentable area of 4,150 square feet on an 8,178 square foot lot. Each unit features in-unit washers and dryers, double-pane vinyl windows, and an attached garage, with tenants responsible for all utilities. The property has been meticulously maintained, including an approximately eight-year-old TPO membrane roof. Current rents average $2,168 per unit, while market rents are $2,500 per unit, presenting a new owner with immediate rental upside through light interior renovations. The property benefits from proximity to Kelsey Creek Center, a well-established neighborhood retail hub. Anchored by a mix of grocery, dining, and service-oriented tenants, the center enhances day-to-day livability and serves as a strong amenity for residents, supporting long-term tenant demand and overall appeal. Ideally located just minutes from Downtown Bellevue, T-Mobile headquarters, Microsoft’s Redmond campus, and with quick access to I-90 and I-405, the Bellevue Fourplex offers a compelling combination of location, in-place income, and rental upside in a market defined by limited supply and strong tenant demand.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:19AM

Listing Office:

Paragon Real Estate Advisors : 206-623-8880

Listing Agent:

Ben Douglas : 206-623-8880

MLS ID:

2522417

Interior

• Flooring: LaminateCarpet
• A/C: None
• Heating: Wall Furnace
• Fireplace: Fireplaces: 0

Exterior

• General: BrickWood Products
• Parking: Parking spaces: 0

Construction

• Roofing: Flat
• General: 54 - 4-PlexPoured Concrete

Location

• HOA Amenities: 516.0Annually
• Originating MLS: nwmls
• School District: Bellevue
• County: King

Lot

• Zoning: 2460300180

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls