10325 NE 187th Street, Bothell, WA 98011

Bothell
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: erich bubbel
Office: compass425-637-7777
MLS#:2602581
Source:NWMLS
10325 NE 187th Street,Bothell, WA 98011
$1,150,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,150,000

About this home

Bothell 4-unit multifamily value-add opportunity. The property features four spacious 2BD/1BA units, each approximately 1,015 SF with in-unit W/D, wood burning fireplaces and dedicated storage. Upper units feature a large shared deck. Additional highlights include a recently replaced PVC roof, large storage shed, and 10,791 SF lot, 4 carport parking spaces with enough space to fit 8 cars on the lot. Unit 3 is currently vacant, and Unit 4 is owner-occupied, offering immediate flexibility for investors or owner-users. Significant rental upside with renovated market rents projected at $2,250/unit. Current NOI of $63,296 reflects a 5.50% cap rate, with pro forma NOI of $89,288 and a 7.76% cap rate. Excellent opportunity to increase cash flow in Bothell's desirable rental market.

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Home facts

  • Year built:1958
  • Subdivision & Development:Bothell
  • Listing ID #:2602581
  • Updated:November 13, 2026 at 01:41 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1958
  • Lot area:0.25 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Stone Exterior Finish, Wood Products Exterior Finish
  • Exterior Features:Fenced-Partially

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,150,000
  • Tax amount:$12,269 (2026)

Parking

  • Total parking spaces:8
  • Carport spaces:4
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