Bellevue, WA Fourplexes: 4%+ Cap, Offers Due 3/5

[Hunter Gaston]

Hi BiggerPockets community,

I’m listing two prime fourplexes in the heart of Bellevue, WA—perfect for investors eyeing cash flow and growth in a hot market. Both are fully occupied with long-term tenants, offering immediate returns. Offers are due March 5, so act fast!

Details:

• Building 101 (101 147th Ave SE)
  • Price: $2,025,000
  • NOI: $79,600
  • Cap Rate: 3.93%
  • Size: 4,150 sq ft
  • MLS #2313062
• Building 27 (27 147th Ave SE)
  • Price: $2,075,000
  • NOI: $86,000
  • Cap Rate: 4.14%
  • Size: 4,150 sq ft
  • MLS #2313060

These are priced to move (recently reduced from $2.15M/$2.1M) in a market where fourplexes often hit $585-$654/sq ft—ours are at $488-$500/sq ft. Bellevue’s tech-driven growth (Microsoft, Amazon nearby) and stable tenancy make these standouts. Built in 1969, they’re well-maintained with upside potential if rents rise (current gross: $8,730 and $9,275/month).

Check full details and photos: https://www.bellevue4plex-propertyhunter.com. DM me here, or call for financials or to discuss. Serious inquiries only—proof of funds appreciated. Let’s get these under contract by 3/5!

Hunter
Property Hunter LLC | John L. Scott