Kirkland, WA 98033 505 3rd Street

$2,950,000

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Presented By: Venture Real Estate Group LLC and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2422209
  • 08/16/2025
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Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
  • SQFT • 1,920

Home Details

Exceptional rare location & land development opportunity in Kirkland East of Market! Located just a 2-min walk from vibrant downtown Kirkland, this property potential offers numerous development possibilities. Plans are available for constructing 6 cottages /townhomes. Choose existing renovated duplex & add 4 more units. Option to develop tiny homes or long-term strategy, retain the property & utilize existing duplex as a STR w/ strong cash flow for future development. Existing units fully renovated, incl new kitchen cab, qrtz cntrs, SS apps, w/ W/D. Lot is a unique opportunity in downtown Kirkland w/multiple development potential. Driveway variance in process w/ City of Kirkland. Buyer to verify all information to their satisfaction.
Presented By: Venture Real Estate Group LLC and NWMLS

Interior Features for 505 3rd Street

Bedrooms

Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringEngineered Hardwood
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2

General for 505 3rd Street

AmenitiesSee Remarks
Building Area UnitsSquare Feet
Cap Rate
Carport Spaces2
Carport Y/NNo
CityKirkland
CoolingForced Air
CountyKing
DirectionsFrom 405 exit 85th St West, turn Right on 3rd St. Property will be on your Left side at the corner of 5th Ave.
Electric Expense
Elementary SchoolPeter Kirk Elementary
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air, Heat Pump
High SchoolLake Wash High
High School DistrictLake Washington
Insurance Expense
Leasable Area1920
Listing TermsCash Out, Conventional
Lot Size Square Feet5100
Lot Size UnitsSquare Feet
MLS Area560 – Kirkland/Bridle Trails
Middle/Junior High SchoolKirkland Middle
ModificationTimestamp2025-09-05T03:58:11.069Z
NWM_ShowMapLinkY
Net Operating Income
New ConstructionNo
Number Of Units Total2
Open Parking Spaces0
PossessionClosing
Possible UseMulti-Family, Residential
Property ConditionGood
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExceptional rare location & land development opportunity in Kirkland East of Market! Located just a 2-min walk from vibrant downtown Kirkland, this property potential offers numerous development possi
RoofFlat
Senior Community Y/NNo
SewerAvailable, Sewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameDowntown
Tax Annual Amount12290
Tax Year2025
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water CompanyCity of Kirkland
Water Sewer Garbage0
Year Built1968
Zoning DescriptionMulti-Family, Residential

Exterior for 505 3rd Street

Building Area Total1920
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Paved
Lot Number21-22
Lot Size Acres0.1171
Parking Uncovered Spaces0
Site FeaturesHigh Speed Internet, Patio
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Lake Wash High
Middle School Kirkland Middle
Elementary School Peter Kirk Elementary

Josh QA1

REALTOR ® SRES ®
Price $2,950,000
MLS#2422209
List Date 08/16/2025
Property Type Multi-Family
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
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