7611 Ridgewood Drive, Everett, WA 98203
- $1,150,000
- 3,108
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $1,150,000
- Status
- PENDING INSPECTION
- MLS#
- 2542706
- Days on Market
- 39
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,108
- Area Total SqFt
- 3108
- Annual Tax Ammount
- 7874.64
- Lot Size (sq ft)
- 6,534
- Sewer
- Sewer Connected
Property Description
Four-plex featuring four 2-bedroom units, offering a strong addition to any investment portfolio. This fully occupied property provides immediate rental income with the stability of established tenancy and assigned off-street parking for every unit. Two units feature private fenced yards, while the other two offer the convenience of walk-in closets, creating desirable amenities that help attract and retain tenants. Ideally situated in the popular Valley View area, this property combines a quiet residential setting with exceptional commuter convenience. Residents enjoy quick access to I-5, I-405, Boeing, Paine Field, and major employment centers throughout Everett, Lynnwood, and Bellevue, making it an attractive location for renters seeking an easy daily commute. The location is also close to everyday amenities, including shopping, dining, schools, parks, and recreation. Nearby attractions such as Everett Mall, Paine Field Airport, Mukilteo waterfront destinations, and numerous parks and trails add to the area's long-term rental appeal. Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a turnkey multifamily asset in a high-demand rental market, this Valley View fourplex offers a compelling combination of location, functionality, and income potential.
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Additional Information
- List Date
- 2026-06-19 18:22:13
- Community
- Valley View
- Net Operating Income
- $59,211
- Gross Adjusted Income
- $78,612
- Gross Scheduled Income
- $78,612
- Total Monthly Income
- $6,551
- Insurance Expenses
- $1,926
- Water/Sewer/Garbage Expenses
- $4,800
- Gross Rent Multiplier
- 14.63
- Total Expenses
- $19,400
- Cap Rate
- 5.15
- Total Number of Units
- 4
- Unit Name
- 7611
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1990
- Roof
- Composition
- Site Features
- Cable TV, Deck, Patio, RV Parking
- Other Expenses
- 4800
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $6,551
- Gross Scheduled Income
- $78,612
- Gross Adjusted Income
- $78,612
- Tax Year
- 2026
- Insurance Expense
- $1,926
- W/S/G Expenses
- $4,800
- Total Expenses
- $19,400
- Net Operating Income
- $59,211
- Gross Rent Multiplier
- 14.63
- Cap Rate
- 5.15
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