$2,450,000
Est. $13,571/moPrice reduced $138,000 from the original $2,588,000 asking price
3,850 sq ft
324 6th Avenue S, Kirkland, WA 98033
• Listed Aug 18, 2026•63 days active · 63 cumulative
Listing Broker: Paragon Real Estate Advisors; Rowan Davis; 206-406-9105; Rowan@ParagonREA.com
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Listing Broker: Paragon Real Estate Advisors; Rowan Davis; 206-406-9105; Rowan@ParagonREA.com
About this home
This well-maintained five-unit apartment building presents a rare investment opportunity in Kirkland, where limited housing supply and strong rental demand support long-term value growth. Built in 1962 on a 10,000-square-foot PLA 6E-zoned lot, the property includes four renovated two-bedroom, one-bathroom units (850 SF each) and one fully renovated 450 SF studio. Over the past decade, units have been upgraded with LVP flooring, modern cabinetry, updated countertops, and renovated bathrooms, helping sustain strong tenant demand. The four two-bedroom units feature private balconies and in-unit washers and dryers, while the studio has a dedicated washer and dryer nearby. Each unit also includes a storage locker, currently provided at no charge, creating potential for additional income. Four covered parking spaces are likewise offered free to tenants, presenting further revenue upside. The property currently generates $11,875 per month in gross rental income and offers strong in-place cash flow with long-term stability. Located in Kirkland’s desirable Moss Bay neighborhood, it is within walking distance of Google’s Kirkland campuses, downtown Kirkland, Marina Park, restaurants, and shops. Nearby access to the Cross Kirkland Corridor and I-405 enhances connectivity to Bellevue and Seattle, supporting continued tenant demand and future rental growth.
Listed by Rowan Davis • Paragon Real Estate Advisors
Listing updated: October 2, 2026 at 11:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2570088
Around this home
How much should you offer?
324 6th Avenue S, Kirkland, WA 98033
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
Flooring
- Laminate
Heating & cooling
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDiggerSchool information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 5
- Units in building
- 5
- Units below grade
- false
- Building square feet
- 3,850 sq ft
Income & expenses
- Gross scheduled income
- $142,500
- Total monthly income
- $11,875
- Additional monthly income
- $75
- Gross adjusted income
- $135,375
- Net operating income
- $100,254
- Cap rate
- 4.09%
- Gross rent multiplier
- 17.2
- Vacancy rate
- 5%
- Total expenses
- $35,121
- Insurance
- $4,350
- Other expenses
- $9,869
- Water / sewer / garbage paid by
- 5267
Parking & storage
- Parking spaces
- 4
- Covered spaces
- 4
Taxes & assessment
- Annual taxes
- $15,635
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
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Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 324 6th Avenue S
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 2, 2026Price reducedNWMLS via MLS Grid · #2570088$2,450,000$636/sq ft
- Aug 18, 2026ListedNWMLS via MLS Grid · #2570088$2,588,000$672/sq ft
- Oct 31, 2017SoldNWMLS via MLS Grid · #1202478$1,875,000$487/sq ft
- Oct 18, 2017PendingNWMLS via MLS Grid · #1202478$1,825,000$474/sq ft
- Oct 3, 2017ListedNWMLS via MLS Grid · #1202478$1,825,000$474/sq ft
Mortgage payment forecast
$15,487 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Paragon Real Estate Advisors; Rowan Davis; 206-406-9105; Rowan@ParagonREA.com
Market pulse
Kirkland is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 61 days.
Recent sales nearby
Within 1 mile · last 6 months$1,850,000 Sold
0 days ago
4 bd•2.5 ba•~3,320 sq ft•Single Family
11344 NE 90th Street, Kirkland, WA 98033
3%
Under list
33
Days on market
1.0 mi
Distance
$2,750,000 Sold
1 day ago
5 bd•4 ba•~3,730 sq ft•Single Family
11210 NE 60th Street, Kirkland, WA 98033
3%
Under list
19
Days on market
0.9 mi
Distance
$2,450,000 Sold
4 days ago
4 bd•2.5 ba•~3,130 sq ft•Single Family
1020 5th Street, Kirkland, WA 98033
0%
Over list
36
Days on market
0.9 mi
Distance
$1,180,000 Sold
4 days ago
4 bd•1.75 ba•~1,880 sq ft•Single Family
11218 NE 91st St, Kirkland, WA 98033
1%
Under list
37
Days on market
1.0 mi
Distance
$3,000,000 Sold
5 days ago
4 bd•2.75 ba•~2,820 sq ft•Single Family
424 10th Avenue, Kirkland, WA 98033
6%
Under list
36
Days on market
0.8 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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 4:42 PM PT (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.
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