A rare opportunity to acquire two new-construction, income-producing units in Kirkland’s coveted East of Market neighborhood. East of Market remains one of Kirkland’s most sought-after neighborhoods, offering the best of both worldsa quiet, established setting w/ the energy + convenience of downtown just moments away. Waterfront parks + beaches, restaurants, cafés, boutique shopping, Kirkland Urban + the Cross Kirkland Corridor are all within easy reach, creating the walkable lifestyle that continues to make Kirkland such a desirable place to live. The location also places residents near Google’s Kirkland campus and within convenient reach of Downtown Bellevue, Microsoft’s Redmond campus + the broader Bellevue-Redmond technology employment corridor. Highly regarded Lake Washington schools add to the long-term appeal, with highly regarded Peter Kirk Elementary just a few blocks away. Easy access to I-405 and SR-520 connects the property throughout the Eastside and into Seattle, supporting continued appeal to a strong professional tenant pool. With new construction comes another meaningful investment advantage: limited deferred maintenance and fewer anticipated near-term capital expenditures compared with traditional small multifamily properties. The result is a distinctive Kirkland investment opportunity combining immediate income, low-maintenance ownership, two detached residences, and long-term exposure to one of the Eastside’s most desirable residential markets.
| MLS # | 2567993 |
|---|---|
| Listing Type | For Sale |
| Building Name | Eleventh Avenue Cottages |
| HOA Dues | $392 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2025 |
| Days On Site | 24 |
| Listing Provided By | Windermere Real Estate/East | Tamara J. Dean |
| SQ Feet | 3,048 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.13 |
| Property | 16031 |
|---|
| State | WA |
|---|---|
| County | King |
| City | Kirkland |
| Zip Code | 98033 |
| Area | 560 Kirkland | Bridle Trails |
| Community Name | East Of Market |
| School District | Lake Wash High |
| Elementary School | Peter Kirk Elementary |
| High School | Lake Wash High |
| Listing VS Median (in East Of Market) | |
Price: $3,125,000 low | high Med: $2,000,000 sqft: 3,048 low | high Med: 990 $ / sqft: $1,025 low | high Med: $2,020 On site: 24 low | high Med: 53 | |
| State | WA |
|---|---|
| County | King |
| City | Kirkland |
| Zip Code | 98033 |
| Area | 560 Kirkland | Bridle Trails |
| Community Name | East Of Market |
| School District | Lake Wash High |
| Elementary School | Peter Kirk Elementary |
| High School | Lake Wash High |
| Listing VS Median (in East Of Market) | |
Price: $3,125,000 low | high Med: $2,000,000 sqft: 3,048 low | high Med: 990 $ / sqft: $1,025 low | high Med: $2,020 On site: 24 low | high Med: 53 | |