505 3rd Street Kirkland, WA $ 2,495,000
505 3rd Street
$ 2,495,000
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505 3rd Street

Kirkland, WA, 98033
$ 2,495,000
Bedrooms4 Baths2.0 Sq 1,920

Monthly Estimate*

$ 17,232

Listed by Jamie Langsford, Venture Real Estate Group LLC, 206-934-0237, jlangsford@vreg.co
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Multi-Family Home for sale in Kirkland, WA

for $2,495,000 with 4 bedrooms and 2 full baths. This 1,920 square foot home was built in 1963 on a lot size of 0.1171.

Rare land development opportunity in Kirkland’s East of Market neighborhood, or owner-occupy, just a two-minute walk from vibrant downtown Kirkland. Plans are available for both a 4 and 6 unit project, offering buyers multiple possibilities for the property. Both existing units have been fully renovated with new kitchen cabinets, quartz countertops, stainless steel appliances, and in-unit washers and dryers. Priced for land and redevelopment value, with both units currently operating as furnished short-term rentals to help offset holding costs while you plan your project. A driveway variance is in process with the City of Kirkland. Buyer to verify all information, plans, development potential, and approval requirements to their satisfaction.

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Multi-Family Active

Price

$ 2,495,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 11,988

Style

Duplex

Lot Size

0.1171

Year Built

1963

Town/City

Kirkland

County/Region

King

MLS | Web ID

2594736

Features
General
Living Area 0
Sewer Available Sewer Connected
Heating Forced Air Heat Pump
Cooling Forced Air
Possession Closing
Roof Composition See Remarks
HOA Fee 0
Garage Spaces 0
Year Built 1963
View Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name Kirkland Terrace
County King
Net Operating Income 56532
Insurance Expense 1922.21
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions From 405 exit 85th St West turn Right on 3rd St. Property will be on your Left side at the corner of 5th Ave.
High School Lake Wash High
City Kirkland
Senior Community Y/N N
High School District Lake Washington
Zoning Description Multi-Family Residential
Number Of Units Total 2
MLS Area 560 - Kirkland/Bridle Trails
Lot Size Units Square Feet
Lot Size Square Feet 5100
Carport Spaces 2
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Peter Kirk Elementary
Tax Annual Amount 11988.22
Electric Expense 1692.65
Fuel Expense 0
Middle/Junior High School Kirkland Middle
Property Condition Good
Public Remarks Rare land development opportunity in Kirklands East of Market neighborhood or owner-occupy just a two-minute walk from vibrant downtown Kirkland. Plans are available for both a 4 and 6 unit project o
Leasable Area 1920
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage
Water Company City of Kirkland
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2712.88
Property Style 52 - Duplex
Cap Rate 2.27
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Paved
Water Source Public
Total Parking 2
Foundation Details Poured Concrete
Building Area Total 1920
Lot Size Acres 0.1171
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Patio
Parking Uncovered Total 0
Lot Number 21-22
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Interior
Flooring Engineered Hardwood
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
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 NWM2594736
Street Number 1 505
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* Excluded Features
List By
Jamie Langsford

Listing Agent

Venture Real Estate Group Llc

Broker

jlangsford@vreg.co

Email

Affordability Calculator

$18,231
Per Month
95%
5%
0%
Monthly Principal & Interest
$17,232
Monthly Property Taxes
$999
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3108180 Elementary School
1766825 Middle School
Lake Wash High High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$2,495,000 Listed Price

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505 3rd Street, Kirkland, WA, 98033 is a Multi-Family Home for sale at $2,495,000 with 1,920 sqft and a lot size of 0.1171. 505 3rd Street has 4 bedrooms, 2.0 baths, and was built in 1963. The property's zip code is 98033 which is in Kirkland, WA