2630 Russell Way, Everett, WA 98204

$915,000
3,750
SqFt

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Listing courtesy of Real Property Associates. Selling Office: Real Property Associates.

Sold Price
$915,000
List Price
$945,000
Status
SOLD
MLS#
2314066
Closing Date
May 16, 2025
Days on Market
76
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
3,750
Area Total SqFt
3750
Annual Tax Ammount
6410
Lot Size (sq ft)
26,572
Sewer
Sewer Connected

Property Description

Great 4-plex in Paine Field-Lake Stickney neighborhood! Three units are 2BR, 1BA, 900-1080sf. The fourth unit is a 450 sf newly refinished studio. Coin-operated laundry facility available to tenants. The 2BR units are occupied and month-month, the studio is vacant. Ample parking including carports. Only minutes to bus lines, Mukilteo Speedway, Boeing, I-5/I-405 access, Lake Stickney Park, Alderwood Mall.

Additional Information

List Date
2025-03-01 00:00:00
Community
Harbour Pointe
Net Operating Income
$44,280
Gross Adjusted Income
$69,840
Gross Scheduled Income
$72,000
Total Monthly Income
$5,270
Insurance Expenses
$1,700
Water/Sewer/Garbage Expenses
$5,100
Gross Rent Multiplier
15
Total Expenses
$25,560
Cap Rate
4
Vacancy Rate
3
Total Number of Units
4
Unit Name
2630
Potential Terms
Cash Out, Conventional
Year Built
1968
Roof
Composition
Electric Expenses
350
Other Expenses
12000
Energy Source
Electric
School District
Mukilteo
Elementary School
Fairmount Elem
Middle School
Olympic View Mid
High School
Mariner High
Total Monthly Income
$5,270
Gross Scheduled Income
$72,000
Vacancy Rate
3
Gross Adjusted Income
$69,840
Tax Year
2024
Insurance Expense
$1,700
W/S/G Expenses
$5,100
Total Expenses
$25,560
Net Operating Income
$44,280
Gross Rent Multiplier
15
Cap Rate
4
Based on information submitted to the MLS GRID as of . 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.
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