$1,950,000

0 Beds 0 Baths 4,796 SQFT 1.88 Acres
Type: Multi-Family

2232 E Lake Sammamish Parkway NE
Sammamish, WA 98074

MLS#: 2483545
Presented by: Windermere Real Estate/East and NWMLS

Property Description

 

Exceptional low-maintenance INVESTMENT OPPORTUNITY with unobstructed Lake Sammamish water views on a generous lot featuring two income-producing duplexes (non-conforming)! This fully occupied property offers four total units with long-term, reliable tenants already in place, creating immediate and stable cash flow. Thoughtfully maintained and easy to manage, each unit includes its own washer and dryer, providing added convenience and tenant appeal. The property encompasses a total of 8 bedrooms and 6.5 bathrooms across the four residences, offering flexible living arrangements that continue to attract strong rental demand. Ample parking for all units plus joint storage unit—an increasingly valuable amenity for long-term tenants. The expansive lot enhances privacy and features unobstructed lake views, making this a rare blend of strong investment fundamentals and exceptional location appeal. With solid occupancy history, functional layouts, and desirable amenities already in place, this property presents a compelling opportunity for investors seeking dependable income and future upside potential. Please do not disturb tenants.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl, Carpet
Heating Y/NYes
Power Production TypeNatural Gas
Total Fireplaces0
Total Stories2

General

AmenitiesSee Remarks, Storage
Building Area Units0 sqft
Cap Rate3.57
Carport Spaces0
Carport Y/NNo
CitySammamish
CoolingForced Air
CountyKing
Directions*GPS FRIENDLY!* Merge onto Redmond Way/WA-202 E toward Sammamish/Fall City. Turn Right onto E. Lake Sammamish Pkwy NE. Property will be on your left (very quick turn). Head up the hill.
Electric Expense0
Elementary SchoolBlackwell Elem
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingForced Air
High SchoolEastlake High
High School DistrictLake Washington
Insurance Expense4824
Leasable Area4,796 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet82,031 sqft
Lot Size UnitsSquare Feet
MLS Area540 - East of Lake Sammamish
Middle/Junior High SchoolInglewood Middle
NWM_ShowMapLinkY
Net Operating Income69794
New ConstructionNo
Number Of Units Total4
PossessionClosing, See Remarks
Property ConditionVery Good
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExceptional low-maintenance INVESTMENT OPPORTUNITY with unobstructed Lake Sammamish water views on a generous lot featuring two income-producing duplexes (non-conforming)! This fully occupied propert
RoofComposition, Flat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameEast Lake Sammamish
Tax Annual Amount$11,733
Tax Year2025
Units Below Gradefalse
Units In Building Total4
ViewLake, Partial, Territorial
Water CompanySammamish Plateau Water
Water Sewer Garbage1383
Year Built1957

Exterior

Building Area Total4,796 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres1.8832
Parking Uncovered Total8
Site FeaturesCable TV, Deck, Gas Available, High Speed Internet, Patio
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Blackwell Elem
High School Eastlake High
Middle School Inglewood Middle

  

Similar Properties

$1,950,000

0 Beds 0 Baths 4,796 SQFT 1.88 Acres
Type: Multi-Family

2232 E Lake Sammamish Parkway NE
Sammamish, WA 98074

MLS#: 2483545