This 2-bed, 2-bath, 855 sqft apartment at 303 10th Ave S, Kirkland, is in a prime location near Lake Washington and top-rated schools. Recent comp data and market trends show comparable units renting between $3,100 and $3,600/month, with Kirkland’s average 2-bed apartment rent at $2,479–$3,000. That places this property’s monthly rent potential in the $3,100–$3,600 range, or $37K–$43K annually[2][3]. With strong demand and limited inventory, a typical payback period for capital investment could be 10–12 years, depending on acquisition cost and operating expenses. The Moss Bay neighborhood’s tech-driven growth and walkable amenities support higher rents and long-term stability[4]. Features like in-unit laundry, utilities included, and off-street parking add rental appeal.

Boost rental value by modernizing finishes, adding smart home features, and marketing the included utilities and laundry. If selling, highlight the area’s top schools, proximity to downtown Kirkland, and the low-maintenance lifestyle this apartment offers. For investors, consider repositioning as a luxury rental or furnished executive unit to attract tech professionals. Owners should monitor market shifts and price aggressively to capitalize on Kirkland’s ongoing demand surge.