Income Today. Equity Tomorrow. Properties that combine immediate cash flow with this degree of future flexibility are becoming increasingly difficult to find.
This solid brick up/down duplex in the heart of Bellevue offers dependable income today while presenting multiple opportunities to increase value and improve returns over time. With long-term tenants already in place, separate gas, electric, and water utilities, and a newer furnace, the property's strongest fundamentals are already established.
Each unit features a desirable two-bedroom floor plan that continues to appeal to the rental market, creating a solid foundation for consistent occupancy. Current rents are below today's market levels, and with no leases in place, a new owner has the flexibility to thoughtfully reposition rental income as units naturally turn over while implementing improvements on their own timeline.
The lower level is where this property truly sets itself apart. Shared by both units, it offers a spacious laundry/utility room along with an expansive flex space featuring generous ceiling height and a private exterior entrance to the front patio. Whether finished to create additional living space, enhanced as a premium tenant amenity, or reimagined for another permitted use (subject to municipal approvals), this versatile area presents an exceptional opportunity to increase tenant appeal and unlock additional value.
Located on a quiet no-through street just two blocks from the bus line, tenants enjoy convenient access to Bellevue's restaurants, coffee shops, local boutiques, parks, and year-round community events. A fully fenced backyard adds another feature renters appreciate, making this a property that's well positioned to continue attracting quality tenants.
The best investments are not always the ones that have already been maximized—they are the ones with the strongest fundamentals and the clearest path to future growth. Properties with immediate income and genuine upside are becoming increasingly difficult to find. This duplex delivers both. The fundamentals are already in place—the next chapter of value creation is yours to write.
