2016 120th Place SE, Everett, WA 98208

$750,000
1,912
SqFt

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Listing courtesy of Pellego, Inc.. Selling Office: ZNonMember-Office-MLS.

Sold Price
$750,000
List Price
$799,950
Status
SOLD
MLS#
2503334
Closing Date
Jun 18, 2026
Days on Market
18
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,912
Area Total SqFt
1912
Annual Tax Ammount
5825
Lot Size (sq ft)
13,504
Sewer
Sewer Connected

Property Description

Fully renovated vacant duplex with two spacious 3-bedroom, 2-bath units on a large 0.31-acre lot. Renovated kitchens and bathrooms, updated kitchen appliances, new flooring, fresh interior paint, and modern lighting throughout both units. Property is fully vacant, move-in ready, and ideal for owner-occupants or investors seeking strong rental income potential. Fenced yard, ample parking, and room for boats, RVs, work trucks, or additional vehicles. Easy to show. Convenient location near Silver Lake, shopping, parks, schools, and commuter routes. Seller estimates market rents at approximately $2,500-$2,700 per unit; buyer to verify all information.

Additional Information

List Date
2026-05-31 00:00:00
Community
Everett
Net Operating Income
$49,305
Gross Adjusted Income
$59,280
Gross Scheduled Income
$62,400
Total Monthly Income
$5,200
Insurance Expenses
$1,400
Gross Rent Multiplier
12.8
Total Expenses
$9,975
Cap Rate
6.1
Vacancy Rate
5
Total Number of Units
2
Unit Name
2016
Potential Terms
Cash, Conventional, FHA
Year Built
1932
Roof
Metal
Other Expenses
2750
Energy Source
Electric
School District
Everett
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,200
Gross Scheduled Income
$62,400
Vacancy Rate
5
Gross Adjusted Income
$59,280
Tax Year
2025
Insurance Expense
$1,400
Total Expenses
$9,975
Net Operating Income
$49,305
Gross Rent Multiplier
12.8
Cap Rate
6.1
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.
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