8716 Sand Point Way NE Unit #1-14, Seattle, WA 98115

$5,700,000
11,105
SqFt

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Listing courtesy of Windermere Real Estate Co..

List Price
$5,700,000
Status
ACTIVE
MLS#
2510479
Days on Market
97
Style
56 - 10+ Units
Building Condition
Very Good
Finished SqFt
11,105
Area Total SqFt
11105
Annual Tax Ammount
62193
Lot Size (sq ft)
47,260
Sewer
Sewer Connected

Property Description

Turnkey Property on Lake Washington. Positioned on Lake Washington’s western shore in the sought-after Matthews Beach neighborhood, Beach Club Cottages is a 14-unit multifamily community comprised of six buildings on two adjacent parcels. Includes a two-story single family home, two single-family cottages, & three apartment buildings, each with three or four units. All the units have been updated with new kitchens & bathrooms. Finishes vary, with many featuring newer luxury vinyl tile flooring & appliances. Most of the units offer scenic lake views, & nine homes boast in-unit laundry with a common laundry room providing laundry service to the remaining units. Two of the units are on the water & offer private yards. Located steps from the Burke-Gilman Trail and a short walk to Matthews Beach, the property offers direct lake frontage, private beach access, boat slips, and a mix of garage and off-street parking. This high quality, turnkey property, with its desirable waterfront location, offers an investor the opportunity to own an income producing property with upside in one of Seattle’s coveted neighborhoods.

Additional Information

List Date
2026-04-20 21:28:11
Community
Matthews Beach
Net Operating Income
$244,409
Gross Adjusted Income
$393,131
Gross Scheduled Income
$411,655
Total Monthly Income
$32,288
Insurance Expenses
$11,258
Water/Sewer/Garbage Expenses
$11,021
Gross Rent Multiplier
13.8
Total Expenses
$148,722
Cap Rate
4.3
Vacancy Rate
2
Total Number of Units
14
Unit Name
8716
Potential Terms
Cash, Conventional
Year Built
1920
Waterfront
Yes
View
Lake, Mountains
Roof
Composition, Torch Down
Site Features
Deck, Dock, Electric Car Charging, Fenced-Partially
Other Expenses
64250
Energy Source
Electric
School District
Seattle
Elementary School
View Ridge
Middle School
Eckstein Mid
High School
Nathan Hale High
Total Monthly Income
$32,288
Gross Scheduled Income
$411,655
Vacancy Rate
2
Gross Adjusted Income
$393,131
Tax Year
2025
Insurance Expense
$11,258
W/S/G Expenses
$11,021
Total Expenses
$148,722
Net Operating Income
$244,409
Gross Rent Multiplier
13.8
Cap Rate
4.3
Based on information submitted to the MLS GRID as of . 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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