2232 E Lake Sammamish Parkway NE Sammamish, WA $ 1,950,000
2232 E Lake Sammamish Parkway NE
$ 1,950,000
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2232 E Lake Sammamish Parkway NE

Sammamish, WA, 98074
$ 1,950,000
Baths0.0 Sq 4,796

Monthly Estimate*

$ 12,006

Listed by Windermere Real Estate/East
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 1
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 2
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 3
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 4
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 5
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 6
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 7
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 8
2232 E Lake Sammamish Parkway NE, Sammamish, WA 98074 - Image 9
Studio

Multi-Family Home for sale in Sammamish, WA

for $1,950,000. This 4,796 square foot home was built in 1957 on a lot size of 1.8832.

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.

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Multi-Family Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,733

Style

4-Plex

Lot Size

1.8832

Year Built

1957

Town/City

Sammamish

County/Region

King

MLS | Web ID

2483545

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling Forced Air
Possession Closing See Remarks
Roof Composition Flat
HOA Fee 0
Garage Spaces 0
Year Built 1957
View Lake Partial Territorial
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 69794
Insurance Expense 4824
New Construction N
Property Type Residential Income
HOA N
Subdivision Name East Lake Sammamish
Special Listing Conditions None
Status Active
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.
High School Eastlake High
City Sammamish
Senior Community Y/N N
High School District Lake Washington
Number Of Units Total 4
MLS Area 540 - East of Lake Sammamish
Lot Size Units Square Feet
Lot Size Square Feet 82031
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Blackwell Elem
Tax Annual Amount 11733
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Inglewood Middle
Property Condition Very Good
Public Remarks 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 propert
Leasable Area 4796
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage
Water Company Sammamish Plateau Water
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 1383
Property Style 54 - 4-Plex
Cap Rate 3.57
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Exterior
Exterior Amenities Wood
Lot Features Paved
Water Source Public
Foundation Details Poured Concrete
Building Area Total 4796
Lot Size Acres 1.8832
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Gas Available High Speed Internet Patio
Parking Uncovered Total 8
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Interior
Flooring Ceramic Tile Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2483545
Street Number 1 2232
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* Excluded Features
List By
Julie Scozzafave

Listing Agent

Windermere Real Estate/East

Broker

Affordability Calculator

$12,984
Per Month
92%
8%
0%
Monthly Principal & Interest
$12,006
Monthly Property Taxes
$978
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256913 Elementary School
1805490 Middle School
Eastlake High High School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$1,950,000 Listed Price

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2232 E Lake Sammamish Parkway NE, Sammamish, WA, 98074 is a Multi-Family Home for sale at $1,950,000 with 4,796 sqft and a lot size of 1.8832. 2232 E Lake Sammamish Parkway NE is a studio with 0.0 baths and was built in 1957. The property's zip code is 98074 which is in Sammamish, WA