Listing Courtesy of: MLS Logo

Northwest MLS / Venture Real Estate Group LLC

505 3rd Street Kirkland, WA 98033

Active (15 Days)

$2,950,000

1,920

SQFT

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Description

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.

MLS #:
2422209

Taxes
$12,290(2025)

Lot Size
5,100 SQFT

Type
Multifamily

Year Built
1968

Style
Duplex

Views
Territorial

School District
Lake Washington

County
King County

Community
Downtown

Listed By

Jamie Langsford, Venture Real Estate Group LLC

Source
Northwest MLS as distributed by MLS Grid
Last checked Aug 31 2025 at 3:06 PM GMT+0000

Bathroom Details

Subdivision

Downtown

Lot Information

Corner Lot
Paved

Property Features

Patio
High Speed Internet
Fireplace: 0
Foundation: Poured Concrete

Heating and Cooling

Forced Air
Heat Pump

Flooring

Engineered Hardwood

Exterior Features

Wood
Roof: Flat

Utility Information

Sewer: Available, Sewer Connected
Fuel: Electric

School Information

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

Additional Listing Info

Buyer Brokerage Compensation: 2.5

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 8/31/25 08:06. 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.