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14020 SE 8th St , Bellevue, WA 98007
$3,250,000
Est. Payment: $15,922.51/mo
12 Bed
12 Bath
5364 Sqft
Status: active | Days on site: 6
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Opportunity for seller financing for qualified buyers and buyers personally guaranteeing the loan. The terms are 30% down, 5% interest-only on a five-year term Built in 1987 and situated on a 13,500 square foot lot zoned R-20, the Bellevue 6-Unit consists of six spacious two-bedroom, two-bathroom units averaging 894 square feet each. Three of the six units have been fully renovated with modern finishes, and the three unrenovated units present a clearly defined path to value through targeted interior upgrades estimated at $30,000 per unit. The property includes 13 dedicated parking spaces, a highly sought-after amenity in the Eastside rental market, and tenants pay their own water and sewer, keeping utility expenses and management complexity low for the ownership. The property’s Eastgate location places residents within minutes of Bellevue College, the Eastgate Park and Ride, and Interstate 90. The Bellevue 6-Unit is positioned as a renovation value-add acquisition with an execution plan already partially underway. Renovated units are currently leased at $2,095 to $2,250 per month against a market rate of $2,600 per unit. The three unrenovated units are currently leased at an average of $1,990 per month and are expected to achieve $2,600 following renovation at an estimated cost of $30,000 per unit.
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Highlights

Listed by Ben Douglas , 206-623-8880 and Rowan Davis , 206-623-8880 Paragon Real Estate Advisors , 206-623-8880. Northwest Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.31

Year Built

1987

County

King

Area

530 - Bellevue/East of 405

 Neighborhood

Lake Hills

 School District

Bellevue

Listing ID

2527294

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:12
  • ▪ Full Bathrooms:
Floor:Laminate
Other:Public

Exterior Features

Lot:Zoning: Multi-Family
Garage Capacity:13
Zoning:Multi-Family
Roof:Composition
Others:Wood Products
Sewer:Sewer Connected
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$15,923
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,218

Home Price

$3,250,000

Home Price

Loan Details

30 yrs
6.199%

Interest Rate

Loan Type

Down Payment

20%
$650,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,922.51

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,922.51 $1,217.92 $0.00 $17,140.42
Yearly $191,070.08 $14,615.00 $0.00 $205,685.08
Total $5,732,102.27 $438,450.00 $0.00 $6,170,552.27
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Bellevue, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

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Data last updated: 2026-06-24T18:09:22.000Z

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