212 Madison Street, Everett, WA 98203
- $685,000
- 1,807
- SqFt
Listing courtesy of KW North Sound. Selling Office: Real Broker LLC.
- Sold Price
- $685,000
- List Price
- $675,000
- Status
- SOLD
- MLS#
- 2501094
- Closing Date
- May 26, 2026
- Days on Market
- 7
- Style
- 52 - Duplex
- Finished SqFt
- 1,807
- Area Total SqFt
- 1807
- Annual Tax Ammount
- 4737
- Lot Size (sq ft)
- 14,375
- Sewer
- Sewer Connected
Property Description
Experience a rare and turnkey investment opportunity in the heart of Everett. This impeccably maintained duplex at 212 Madison Street is a standout find, offering a clean and well-cared-for environment that is perfect for a savvy investor or an owner-occupant looking to build equity. Each side features a smart and functional layout with two bedrooms and one bathroom, designed for comfortable living. The front of each unit boasts a spacious living room centered around a cozy fireplace and a dedicated dining area, while the bedrooms are tucked away in the back to ensure maximum privacy. The property sits on an expansive, partially fenced lot that provides plenty of outdoor space, with extra locked storage in the back. Beyond the home itself, the location is unbeatable for commuters and lifestyle seekers alike. You are situated just minutes from I-5 and Paine Field, with easy access to a wealth of shopping, dining, and local amenities. Whether you plan to rent out both sides or live in one and let the other pay your mortgage, this versatile property is a must-see. Don't miss out on this exceptional Everett gem.
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Additional Information
- List Date
- 2026-05-19 00:00:00
- Community
- View Ridge
- Net Operating Income
- $31,619
- Gross Adjusted Income
- $44,116
- Gross Scheduled Income
- $45,480
- Total Monthly Income
- $3,790
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $3,360
- Gross Rent Multiplier
- 14.84
- Total Expenses
- $12,497
- Cap Rate
- 4.68
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 212
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1964
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully, RV Parking
- Electric Expenses
- 2400
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,790
- Gross Scheduled Income
- $45,480
- Vacancy Rate
- 3
- Gross Adjusted Income
- $44,116
- Tax Year
- 2025
- Insurance Expense
- $2,000
- W/S/G Expenses
- $3,360
- Total Expenses
- $12,497
- Net Operating Income
- $31,619
- Gross Rent Multiplier
- 14.84
- Cap Rate
- 4.68
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.