109 W Casino Road, Everett, WA 98204

$900,000
3,234
SqFt

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Listing courtesy of Keller Williams Realty Bothell. Selling Office: Keller Williams Realty Bothell.

Sold Price
$900,000
List Price
$900,000
Status
SOLD
MLS#
2398555
Closing Date
Nov 17, 2025
Days on Market
57
Style
54 - 4-Plex
Finished SqFt
3,234
Area Total SqFt
3234
Annual Tax Ammount
6659
Lot Size (sq ft)
9,148
Sewer
Sewer Connected

Property Description

Fully occupied, updated 4-plex in prime Everett location! All units are 2BD/1BA, approx. 850 SF. Major 2024 upgrades include new roof, fresh exterior paint, rebuilt decks/railings, and vinyl window replacement. Long-term tenants with below-market rents offer excellent upside. Shared laundry and water utility billback boost income. Strong rental area near Boeing, Amazon, Paine Field, and Naval Station Everett. Best-priced 4-plex in Snohomish County—turnkey with upside!

Additional Information

List Date
2025-09-21 00:00:00
Community
Casino
Net Operating Income
$50,815
Gross Adjusted Income
$63,840
Gross Scheduled Income
$67,200
Total Monthly Income
$5,500
Insurance Expenses
$2,400
Water/Sewer/Garbage Expenses
$3,966
Gross Rent Multiplier
13.39
Total Expenses
$13,025
Cap Rate
5.6
Vacancy Rate
5
Total Number of Units
4
Unit Name
109 W
Potential Terms
Cash Out, Conventional
Year Built
1977
Roof
Composition
Energy Source
Electric
School District
Mukilteo
Total Monthly Income
$5,500
Gross Scheduled Income
$67,200
Vacancy Rate
5
Gross Adjusted Income
$63,840
Tax Year
2025
Insurance Expense
$2,400
W/S/G Expenses
$3,966
Total Expenses
$13,025
Net Operating Income
$50,815
Gross Rent Multiplier
13.39
Cap Rate
5.6
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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