226 Cedar Ave S North Bend, WA $ 1,495,000
226 Cedar Ave S
$ 1,495,000
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226 Cedar Ave S

North Bend, WA, 98045
$ 1,495,000
Baths0.0 Sq 5,950

Monthly Estimate*

$ 9,205

Listed by Lee & Associates Commercial RE
226 Cedar Ave S, North Bend, WA 98045 - Image 1
226 Cedar Ave S, North Bend, WA 98045 - Image 2
226 Cedar Ave S, North Bend, WA 98045 - Image 3
226 Cedar Ave S, North Bend, WA 98045 - Image 4
226 Cedar Ave S, North Bend, WA 98045 - Image 5
Studio

Multi-Family Home for sale in North Bend, WA

for $1,495,000. This 5,950 square foot home was built in 1967 on a lot size of 0.3344.

8-unit stabilized multifamily property centrally located in the thriving Snoqualmie Valley market of North Bend with beautiful views of Mount Si. 100% occupied and just steps from downtown North Bend, offering walkable access to restaurants, retail, parks, and local amenities. Tucked away on a quiet cul-de-sac bordering a city park, the property provides a peaceful residential setting and features 16 on-site parking spaces plus additional street parking. The building includes a recently replaced roof (approximately 2 years old) and presents a value-add opportunity through cosmetic upgrades and operational efficiencies. Residents enjoy quick access to I-90, allowing convenient commuting to Seattle, Bellevue, and the Eastside technology corridor, while benefiting from North Bend’s highly desirable outdoor lifestyle near Mount Si and Snoqualmie Pass. Zoned DC (Downtown Commercial), offering potential future development upside.

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Multi-Family Pending

Price

$ 1,495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,407

Style

5-9 Units

Lot Size

0.3344

Year Built

1967

Town/City

North Bend

County/Region

King

MLS | Web ID

2492677

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Flat
HOA Fee 0
Garage Spaces 0
Year Built 1967
View Mountains Territorial
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 91835
Insurance Expense 4000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown - North Bend
Possible Use Business Commercial Multi-Family Retail
Special Listing Conditions None
Status Pending Inspection
Directions From I-90 Exit 31 head south on Bendigo Blvd N turn left onto E 3rd St / Cedar Ave S continue approximately 0.2 miles to 226 Cedar Ave S.
High School Mount Si High
City North Bend
Senior Community Y/N N
High School District Snoqualmie Valley
Zoning Description Business Commercial Multi-Family Retail
Number Of Units Total 6
MLS Area 540 - East of Lake Sammamish
Lot Size Units Square Feet
Lot Size Square Feet 14567
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional Owner Will Carry Rehab Loan
Elementary School North Bend Elem
Tax Annual Amount 15407
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Twin Falls Mid
Public Remarks 8-unit stabilized multifamily property centrally located in the thriving Snoqualmie Valley market of North Bend with beautiful views of Mount Si. 100% occupied and just steps from downtown North Bend
Leasable Area 5950
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry Playground
Water Company City of North Bend
Units Below Grade false
Units In Building Total 8
Water Sewer Garbage 21984
Property Style 55 - 5-9 Units
Cap Rate 6.14
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Adjacent to Public Land Cul-De-Sac Curbs Paved Value In Land
Water Source Public
Total Parking 16
Foundation Details Poured Concrete
Building Area Total 5950
Lot Size Acres 0.3344
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 16
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Interior
Flooring Ceramic Tile Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2492677
Street Number 1 226
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* Excluded Features
List By
Nisha A Tomar

Listing Agent

Lee & Associates Commercial Re

Broker

Affordability Calculator

$10,489
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,205
Monthly Property Taxes
$1,284
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
258697 Elementary School
258874 Middle School
Mount Si High High School
Pricing History
DatePricePrice ChangeDescription
3/14/2026$1,495,000 Listed Price

Map


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226 Cedar Ave S, North Bend, WA, 98045 is a Multi-Family Home for sale at $1,495,000 with 5,950 sqft and a lot size of 0.3344. 226 Cedar Ave S is a studio with 0.0 baths and was built in 1967. The property's zip code is 98045 which is in North Bend, WA