507 Madison Avenue, Everett, WA 98203
- $850,000
- 2,028
- SqFt
Listing courtesy of Keller Williams Realty Bothell. Selling Office: John L. Scott Mill Creek.
- Sold Price
- $850,000
- List Price
- $875,000
- Status
- SOLD
- MLS#
- 2401671
- Closing Date
- Aug 04, 2025
- Days on Market
- 4
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,028
- Area Total SqFt
- 2028
- Annual Tax Ammount
- 4809
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
Fully renovated 1991-built duplex—each unit 3BD/2BA, 1,014?SF with washer/dryer hookups, great-room layout, and attached 1-car garage. Major 2022 upgrades include new roof, LVP flooring throughout, LED lighting, cabinets, countertops, tub surrounds, hot water heaters, and gutters. Excellent condition with strong rental appeal. Just minutes to Boeing and Amazon facilities, tapping into a robust local job market. Ideal for investors seeking low-maintenance income with premium tenants or owner-occupant opportunity with great financing options.
/u.realgeeks.media/360degreesrealestate/header.png)
Additional Information
- List Date
- 2025-07-31 00:00:00
- Community
- Madison
- Net Operating Income
- $50,583
- Gross Adjusted Income
- $62,529
- Gross Scheduled Income
- $65,820
- Total Monthly Income
- $5,485
- Insurance Expenses
- $5,046
- Water/Sewer/Garbage Expenses
- $1,931
- Gross Rent Multiplier
- 12
- Total Expenses
- $11,946
- Cap Rate
- 5.7
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 507
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1991
- Roof
- Composition
- Electric Expenses
- 160
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $5,485
- Gross Scheduled Income
- $65,820
- Vacancy Rate
- 5
- Gross Adjusted Income
- $62,529
- Tax Year
- 2025
- Insurance Expense
- $5,046
- W/S/G Expenses
- $1,931
- Total Expenses
- $11,946
- Net Operating Income
- $50,583
- Gross Rent Multiplier
- 12
- Cap Rate
- 5.7
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.