514 124th Place SW Unit #1-4, Everett, WA 98204
- $895,000
- 3,568
- SqFt
Listing courtesy of Real Property Associates. Selling Office: RE/MAX Northwest.
- Sold Price
- $895,000
- List Price
- $895,000
- Status
- SOLD
- MLS#
- 2422765
- Closing Date
- Oct 01, 2025
- Days on Market
- 2
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,568
- Area Total SqFt
- 3568
- Annual Tax Ammount
- 8827
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
This well-maintained multifamily investment opportunity is located minutes from I-5, Park-n-Ride, and Boeing. Walking distance to shopping and restaurants. Built in 1978, Unit 1 & 4 have been fully renovated, Unit 2 interior paint & flooring, Unit 4 has long term tenant. Each unit has 2 bed, 1 bath. Each unit comes with covered parking and storage in carport. All units are on 12 month term leases. All rents are close to market value & rent increases each year.
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Additional Information
- List Date
- 2025-09-29 00:00:00
- Community
- Mariner
- Net Operating Income
- $64,164
- Gross Adjusted Income
- $82,200
- Gross Scheduled Income
- $82,200
- Total Monthly Income
- $6,850
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $5,243
- Gross Rent Multiplier
- 10.8
- Total Expenses
- $18,036
- Cap Rate
- 7.1
- Total Number of Units
- 4
- Unit Name
- 514
- Potential Terms
- Cash Out, Conventional, FHA
- Year Built
- 1978
- View
- Mountain(s)
- Roof
- Flat, Shake
- Site Features
- Cable TV, Deck, Fenced-Partially, Patio
- Electric Expenses
- 965
- Energy Source
- Electric
- School District
- Mukilteo
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,850
- Gross Scheduled Income
- $82,200
- Gross Adjusted Income
- $82,200
- Tax Year
- 2025
- Insurance Expense
- $3,000
- W/S/G Expenses
- $5,243
- Total Expenses
- $18,036
- Net Operating Income
- $64,164
- Gross Rent Multiplier
- 10.8
- Cap Rate
- 7.1
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.