12602 NE 118th Street, Kirkland, WA 98034 | MLS #NWM2465814 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of Skyline Properties, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2465814MLS Provider

12602 NE 118th StreetKirkland, WA 98034

Multi-Family · 8 Beds · 3,328 Sq. ft. | 0.18 Acres
$1,799,000 Active

12602 NE 118th Street Overview

Visits:
5

Clean and well maintained Kirkland 4-plex in Totem Lake Area, updated and fully occupied. Stucco & brick exterior, 2 bedroom 1 bath units with washer/dryer inside each unit, decks. 3 year old roof, new paint. Close to shopping, public transportation, freeway access and restaurants. Great low maintenance investment and easy to manage. Drive by and walk exterior. Please do not disturb tenants. HOA takes care of landscaping, trash removal, and common area maintenance. The 4-plex is one of 12 separate 4-plexes that make up Totem Firs Apartment complex. Each building owned separately. *Ask you broker about a possible INTEREST RATE BUYDOWN.

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12602 NE 118th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,328
  • Price/Sq.ft. $541
  • Lot 0.18 Acres

Details

General

Association/HOA

  • Association Fee: $1,500.00
  • Association Fee Frequency: Quarterly

School Information

  • School District: Lake Washington

Green Features

  • Green Energy Efficient: Thermal Windows

Income/Expenses

  • Other Expense: 6000
  • Electric Expense: 200
  • Fuel Expense: 0
  • Gross Scheduled Income: 98000
  • Insurance Expense: 1392
  • Net Operating Income: 75730
  • Total Expenses: 19978
  • Total Monthly Income: 7975
  • Water/Sewer/Garbage: 3000

Building Information

  • Building Name: Totem Firs
  • New Construction: No
  • Year Built: 1979

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 600 - Juanita/Woodinville
  • Subdivision Name: Totem Lake

Community/Development

  • Amenities: Thermal Windows

Tax Information

  • Tax Annual Amount: $9,386.00
  • Tax Year: 2024

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 2826059199
  • Possible Use: Multi-Family
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3328
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3328
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3328
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Uncovered Spaces: 7

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac
  • Lot Size Acres: 0.18
  • Lot Size Square Feet: 7840
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Methods: Standard Frame
  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Brick, Stucco, Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 4 Details

  • Actual Rent: 1900
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 2025
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 2025
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 2025
  • Beds Total: 2
  • Baths Total: 1

12602 NE 118th Street Neighborhood

Community

98034 (Kirkland) Demographics

37
Median Age
3,950
Population Density (per sq. mile)
64%
College Educated
$100,955
Estimated Median Income
10,715
Estimated Total Home Owners
7,411
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

12602 NE 118th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

12602 NE 118th Street Market Data

Based on the last 30 days in this zip code

$1,219,741
Average List Price
$648
Average Price per Square Foot
42
Properties Sold
58
Average Days on Market
296
Properties for Sale
Calculations provided by Reliance Network

12602 NE 118th Street History

Date Event Value Agent
5/29/2026Source: NWMLS Price Reduction
$1,799,000 -10.0%
1/6/2026Source: NWMLS Added to Database
January 06, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021