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Rentable SF
118k
BUilt
1977
Units
200
Berkadia Seattle Investment Sales is pleased to announce it has been retained as the exclusive listing broker for Vue Kirkland Apartments, a premier investment opportunity located in the highly desirable city of Kirkland, WA.
Vue Kirkland Apartments features a diverse mix of studio, one-, and two-bedroom homes, offering 169 partially renovated, and 31 fully renovated units. This property represents a prime value-add opportunity for investors seeking to enhance their portfolio in the thriving Eastside market.
The asset’s exceptional location ensures long-term stability and growth potential. Kirkland benefits from strong demographics and proximity to major employment hubs in Bellevue and Redmond, home to global leaders such as Amazon, Microsoft, and others. Bellevue alone has seen over 1.5 million square feet of office space leased in 2024, solidifying its position as one of the nation’s fastest-growing office markets.
Additionally, Vue Kirkland is within walking distance of the newly developed Village at Totem Lake, a vibrant lifestyle center offering premium dining, shopping, and entertainment options, including coffee shops, restaurants, bars, grocery stores, and retail boutiques.
With its strategic location, strong market fundamentals, and significant value-add potential, Vue Kirkland Apartments presents an outstanding opportunity for investors to capitalize on the Eastside’s expanding employment base and dynamic growth.
Address
City, State, Zip
County
Parcel Numbers
Units
Construction Year
buildings
Stories
Site Size/Acreage
Rentable SF
Average Unit SF
Average Rent/Unit
Average Rent/SF
11733 NE 131st Place
Kirkland, WA 98034
King
2826059007
200
1977
13
Two & Three
11.01 Acres
118,440 SF
592 SF
$2,057
$3.47
Opportunity
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Vue Kirkland settles into lush Northwest landscape that features a pond, walking trails, clubhouse, swimming pool, barbecue area, and a fitness center. The property consists of 200 studio, one, and two-bedroom homes which each include a private patio or balcony, washer and dryer, ceiling fans, and modern kitchen. Conveniently located with easy access to the 405, Vue Kirkland is near the Village at Totem Lake with various dining options, and entertainment venues.
Asset
Studio
One Bedroom
Two Bedroom
50 Units
110 Units
40 Units
460 SF
597 SF
745 SF
Vue Kirkland
Contact us.
Kenny Dudunakis
Senior Managing Director
WA CRE #30749
206.521.7216 kenny.dudunakis@berkadia.com
Email
George Pallis
Director
WA CRE #138339
206.801.3070
george.pallis@berkadia.com
Email
David Sorensen
Managing Director
WA CRE #26603
206.801.3102 david.sorensen@berkadia.com
Email
Ben Johnson
Managing Director
WA CRE #114515
206.801.3144 ben.johnson@berkadia.com
Email
INVESTMENT SALES
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
425.230.2565
berkadia.com
berkadia.com/northwest
Bellevue Office
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
Peter Dudunakis
Associate Director
WA CRE #24008898
206.795.4169
peter.dudunakis@berkadia.com
Email
Michael Manolides
Senior Director
253.670.2143
michael.manolides@berkadia.com
Email
Brad Williamson
Managing Director
786.646.2580
brad.wiliamson@berkadia.com
Email
MORTGAGE BANKING
Driven by community demand, investors have both immediate and long-term growth potential through interior renovations. With 38 homes already renovated, Vue Kirkland provides an established blueprint for premium level renovations to homes that investors can confidently follow.
RENOVATION BREAKDOWN
169 partially renovated units
31 fully renovated units
Value-Add Opportunity
Renovated Premiums
In-Place Rents to
Berkadia Reno Pro Forma
$258+
Potential NOI Growth
December 2024
T-12 to Berkadia Reno Pro Forma
$881k
Partially Renovated Unit
Fully Renovated Unit
11733 NE 131st Place | Kirkland, WA 98034
Exclusive Multifamily Opportunity
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© 2022 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004