Rare investment opportunity in the heart of Issaquah! This well-maintained fourplex offers four 2-bedroom, 1-bathroom units, providing excellent rental income potential and alley access enhances convenience. Located in one of the most coveted school districts and situated walking distance from Front Street and downtown Issaquah, this property offers amazing amenities to attract long term tenants. Plentiful tenant parking! Whether you’re an investor seeking stable returns in one of the best markets or an owner-occupant looking to offset your mortgage with rental income, this is a must-see.
Sold
Listed by: Real Property Associates, Inc. • Andrew Knutzen
Bought with: RSVP Brokers ERA
$1,400,000
265 E Sunset Way, Issaquah, WA 98027
8beds
4baths
3,014sqft
Quadruplex, Multi Family
Built in 1977
-- sqft lot
$1,344,000 Zestimate®
$464/sqft
$2,560 Estimated rent
Home value
$1,344,000
$1.24M - $1.46M
$2,560/mo
Zestimate® history
Owner options
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$2,560/mo
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$2,560/mo
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$8,424/mo
Est. payment
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$8,424/mo
Est. payment
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Alley access
Zillow last checked:
Listing updated:
Offers reviewed: Feb 26
Listed by:
Andrew Knutzen,
Real Property Associates, Inc.
Bought with:
Ric Hutchens, 22021734
RSVP Brokers ERA
Source: NWMLS as distributed by MLS GRID,MLS#: 2332520
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Hardwood, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,014
- Total interior livable area: 3,014 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Lot
- Size: 5,998 Square Feet
Details
- Parcel number: 2354300701
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Roof: Torch Down
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Downtown Issaquah
Location
- Region: Issaquah
Financial & listing details
- Price per square foot: $464/sqft
- Tax assessed value: $1,042,000
- Annual tax amount: $8,670
- Offers reviewed: 02/26/2025
- Date on market: 4/26/2025
- Cumulative days on market: 452 days
- Listing terms: Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2025 | Sold | $1,400,000-15.2%$464/sqft |
Source:  NWMLS as distributed by MLS GRID #2332520 Report a problem | ||
| 2/28/2025 | Pending sale | $1,650,000$547/sqft |
Source: NWMLS as distributed by MLS GRID #2332520 Report a problem | ||
| 2/20/2025 | Listed for sale | $1,650,000+450%$547/sqft |
Source: NWMLS as distributed by MLS GRID #2332520 Report a problem | ||
| 4/22/1997 | Sold | $300,000+14.9%$100/sqft |
Source: Public Record Report a problem | ||
| 12/30/1994 | Sold | $261,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,670 +5.1% | $1,042,000 +4.2% |
| 2024 | $8,251 -15.4% | $1,000,000 -11.9% |
| 2023 | $9,757 +10.4% | $1,135,000 -2.4% |
| 2022 | $8,835 -9.8% | $1,163,000 +9.9% |
| 2021 | $9,797 -8.8% | $1,058,000 -1.9% |
| 2020 | $10,748 +12.4% | $1,079,000 +10.3% |
| 2019 | $9,559 +18.5% | $978,000 +12.7% |
| 2018 | $8,065 +3.2% | $868,000 +14.5% |
| 2017 | $7,812 +44.7% | $758,000 +8.6% |
| 2016 | $5,397 | $698,000 +13.9% |
| 2015 | $5,397 | $613,000 +16.8% |
| 2014 | $5,397 | $525,000 +6.1% |
| 2013 | $5,397 | $495,000 -0.4% |
| 2012 | -- | $497,000 +16.4% |
| 2011 | -- | $427,000 -19.3% |
| 2010 | -- | $529,000 |
| 2009 | -- | $529,000 +9.5% |
| 2007 | -- | $483,000 +42.9% |
| 2006 | -- | $338,000 |
| 2005 | -- | $338,000 +28.5% |
| 2001 | $3,088 -9.8% | $263,000 -2.2% |
| 2000 | $3,422 | $268,900 |
Find assessor info on the county website
Neighborhood: Olde Town
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Nearby schools
GreatSchools rating
- 9/10Clark Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Issaquah Middle SchoolGrades: 6-8Distance: 0.4 mi
- 10/10Issaquah High SchoolGrades: 9-12Distance: 0.5 mi
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Estimated market value
$1,344,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,344,000
- Washington
- King County
- Issaquah
- 98027
- Olde Town
- 265 E Sunset Way
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