18209 96th Ave NE
Bothell WA 98011
18209 96th Avenue
18209 96th Ave NE Bothell WA 98011
Listing #: 718039 | Status: Available | Last Modified: 9/22/2026 |
For Sale
- Phone:(425) 422-7840
- Email:matt.johnston@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(425) 681-7695
- Agent Email:winslow.lee@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,700,000.0
- $/SF$ 386.7
- $/Unit$ 3,700,000.0
- Listing StatusAvailable
- Days on Market16
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income366,092
- Vacancy Factor %6.00%
- Operating Expenses112,995
- Net Operating Income231,131
- CAP Rate 6.84 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.84 %
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units16
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF9568
- Net Rentable Area9568
- Total Office SF
- Largest Contiguous SF
- Lot SF38768
- Acres0.89
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaWoodinville/Bothell/Kenmore
- Tax ID #0726059152
- Additional Parcels
- ZoningDT
- # Covered Spaces0
- # Uncovered Spaces33
- Total Parking Spots33
- Parking Ratio
- Year Built1985
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
96th Ave Apartments
Rare opportunity to acquire 96th Avenue Condos, a 16-unit, individually condominiumized multifamily property just blocks from Downtown Bothell. Offered at $3,700,000, this well-maintained asset features two buildings situated on an expansive 38,850 SF parcel with DT zoning. All 16 residences are one-bedroom, one-bathroom units averaging 588 SF, featuring in-unit washers and dryers, private decks or patios, and walk-in closets. The property offers 32 parking stalls and has benefited from significant recent capital improvements, including new roofs in 2022, exterior paint, decks, stairs, entry doors, and select interior renovations. Four renovated units have demonstrated rental premiums of approximately $300 per month, providing an established value-add strategy. The individually condominiumized units, oversized parcel, and favorable zoning offer multiple potential exit strategies, subject to buyer verification. Enjoy a walkable Downtown Bothell location with convenient access to SR-522, I-405, and major Eastside employment centers. Potential seller financing available. Contact broker for details.
Apt. D+S #37104
