303 Poppy Road, Bothell, WA 98012
- $3,850,000
- 12,750
- SqFt
Listing courtesy of Real Estate 2000 Inc.. Selling Office: Keller Williams North Seattle.
- Sold Price
- $3,850,000
- List Price
- $4,199,900
- Status
- SOLD
- MLS#
- 2456005
- Closing Date
- Mar 26, 2026
- Days on Market
- 6
- Style
- 56 - 10+ Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 12,750
- Area Total SqFt
- 12750
- Lot Size (sq ft)
- 198,198
- Sewer
- Sewer Connected
Property Description
Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!
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Additional Information
- List Date
- 2026-03-20 00:00:00
- Community
- Canyon Park
- Net Operating Income
- $276,883
- Gross Adjusted Income
- $362,651
- Total Monthly Income
- $362,651
- Cap Rate
- 6.6
- Unit Name
- 303
- Potential Terms
- Cash, Conventional
- Year Built
- 1968
- Roof
- Composition
- Energy Source
- Electric
- School District
- Northshore
- Total Monthly Income
- $362,651
- Gross Adjusted Income
- $362,651
- Tax Year
- 2025
- Net Operating Income
- $276,883
- Cap Rate
- 6.6
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.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.