$1,995,000
Est. $10,109/mo16 147th Avenue Se, Bellevue, WA 98007
• Listed 2026-05-12•31 days on market
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Seller Financing is available for qualified buyers, with terms of 25% down, 5-year term, and 5% interest-only payments. The Bellevue Fourplex consists of four spacious two-bedroom, one-bathroom units averaging 1,038 square feet each, with a total net rentable area of 4,150 square feet on an 8,178 square foot lot. Each unit features in-unit washers and dryers, double-pane vinyl windows, and an attached garage, with tenants responsible for all utilities. The property has been meticulously maintained, including an approximately eight-year-old TPO membrane roof. Current rents average $2,168 per unit, while market rents are $2,500 per unit, presenting a new owner with immediate rental upside through light interior renovations. The property benefits from proximity to Kelsey Creek Center, a well-established neighborhood retail hub. Anchored by a mix of grocery, dining, and service-oriented tenants, the center enhances day-to-day livability and serves as a strong amenity for residents, supporting long-term tenant demand and overall appeal. Ideally located just minutes from Downtown Bellevue, T-Mobile headquarters, Microsoft’s Redmond campus, and with quick access to I-90 and I-405, the Bellevue Fourplex offers a compelling combination of location, in-place income, and rental upside in a market defined by limited supply and strong tenant demand.
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16 147th Avenue Se, Bellevue, WA 98007
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 12, 2026 at 03:28pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Listed by Ben Douglas • Paragon Real Estate Advisors
Listing updated: May 12, 2026 at 03:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2522417
Bellevue is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 1% below list price.
Time on market: Days-on-market data not available for this area.
$3,789,990 Sold
3 weeks ago
5 bd•2.5 ba•~4,699 sq ft•Single Family
14030 Ne 6th Place, Bellevue, WA 98007
0%
Over list
—
Days on market
0.6 mi
Distance
$1,750,000 Sold
3 weeks ago
•Single Family
101 147th Ave Se, Bellevue, WA 98007
10%
Under list
—
Days on market
0.1 mi
Distance
$2,810,000 Sold
4 weeks ago
5 bd•4.5 ba•~5,070 sq ft•Single Family
14424 Se 17th Street, Bellevue, WA 98007
6%
Under list
—
Days on market
0.9 mi
Distance
$1,299,950 Sold
4 weeks ago
4 bd•1 ba•~1,520 sq ft•Single Family
14240 Lake Hills Boulevard, Bellevue, WA 98007
0%
Over list
—
Days on market
0.8 mi
Distance
$2,880,000 Sold
6 weeks ago
5 bd•2.5 ba•~4,157 sq ft•Single Family
14003 Ne 6th Place, Bellevue, WA 98007
2%
Under list
—
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
