$1,875,000
Est. $9,412/mo16 147th Avenue Se, Bellevue, WA 98007
• Listed 2026-05-12•14 days on market
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Based on information submitted to the MLS GRID as of June 24, 2026 at 10:43am (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.
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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.
Listed by Ben Douglas • Paragon Real Estate Advisors
Listing updated: June 24, 2026 at 10:43am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2522417
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16 147th Avenue Se, Bellevue, WA 98007
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Bellevue is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 14 days.
$1,150,000 Sold
4 weeks ago
3 bd•1.5 ba•~1,250 sq ft•Single Family
1520 143rd Avenue Se #98007, Bellevue, WA 98007
4%
Under list
—
Days on market
0.9 mi
Distance
$1,500,000 Sold
5 weeks ago
5 bd•2 ba•~2,780 sq ft•Single Family
1035 147th Avenue Se, Bellevue, WA 98007
0%
Over list
—
Days on market
0.6 mi
Distance
$1,350,000 Sold
5 weeks ago
4 bd•1 ba•~1,500 sq ft•Single Family
1217 150th Avenue Se, Bellevue, WA 98007
0%
Over list
—
Days on market
0.7 mi
Distance
$1,775,000 Sold
5 weeks ago
5 bd•3 ba•~2,640 sq ft•Single Family
15238 Ne 3rd Place, Bellevue, WA 98007
15%
Over list
—
Days on market
0.5 mi
Distance
$3,789,990 Sold
7 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
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 Jul 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
