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$975,000
2581341 MLS ACTIVE Status
Rare opportunity to own a Turnkey, beautifully remodeled side-by-side townhouse style duplex style on a spacious .49-acre R-7,200 zoned lot in a convenient Lynnwood location. Both units offer updated interiors with modern kitchens, white cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, flooring and lighting. Spacious living areas, fireplaces and thoughtful updates create a turnkey opportunity for an investor or owner-occupant looking to live in one unit while generating income from the other. Bright, open living spaces are complemented by large windows, recessed lighting and contemporary finishes throughout. Updated kitchens feature generous counter space and functional layouts ideal for everyday living and entertaining. Separate living spaces provide privacy between units, making the property well suited for multigenerational living, rental income or an owner-occupied investment. Enjoy the flexibility of a substantial lot with room for outdoor living, gardening and additional possibilities. Each unit is fully fenced in. Pending updated photos. Large, private R-7,200 lot offers intriguing future development potential. Add ADUs? Add more units? Subdivided? Convenient access to shopping, dining, transit and major commuter routes. A unique combination of move-in-ready condition, rental income potential and long-term land value. Buyer to verify development possibilities with Snohomish County.

14213 Admiralty Way, Lynnwood

Listing courtesy of Sound Asset Partners LLC.

$1,195,000
2580199 MLS ACTIVE Status
Rare Triplex + Development Opportunity – Beverly Lane Fully updated and 100% occupied triplex situated on an oversized lot in a quiet residential neighborhood. Recent improvements include a updated roof, new gutters, fresh exterior paint, and a new asphalt driveway with ample off-street parking. Mature landscaping and nearby transit access support consistent tenant demand. Development Upside: Property offers potential for a second triplex at the rear of the lot—configured as (3) two-story townhome-style DADUs (~850 SF each) with attached garages. Architectural plans are ~90% complete, structural engineering is finalized, and a survey has been completed—providing a strong head start for future development. Buyer to verify all (BTVA).

5615 Beverly Ln, Everett

Listing courtesy of Real Broker LLC.

$925,000
2574807 MLS ACTIVE Status
Two beautifully refreshed homes. One outstanding investment opportunity. This extensively remodeled Marysville duplex offers exceptional flexibility for investors or buyers looking to live in one home while generating rental income from the other. Each spacious 1,278 SF unit features 3 bedrooms, 2.5 baths, a private primary suite and its own 2-car garage—giving you 6 bedrooms, 5 baths and 4 garage spaces across the property. Both interiors have been transformed with fresh paint, new flooring and carpet, updated kitchens with new counters and refreshed cabinetry, and updated baths. Vaulted living rooms with dramatic windows and fireplaces create bright, inviting spaces, while open kitchens and dining areas connect directly to each private backyard. Outside, enjoy fresh exterior paint, generous off-street parking and a large 11,761 SF lot with separate fenced yards offering space for pets, gardening, play or outdoor entertaining. Tucked away on a dead-end cul-de-sac while remaining convenient to shopping, dining, schools, parks, services and commuter routes. With both sides refreshed and ready for their next chapter, this is a rare opportunity to acquire a turnkey duplex without immediately inheriting someone else's renovation list. Live in one and rent the other, create a multigenerational arrangement with separate residences, or add a remodeled duplex to your investment portfolio. Photos contain virtual staging.

8204 47th Avenue NE, Marysville

Listing courtesy of Keller Williams North Seattle.

$599,900
2578359 MLS ACTIVE Status
Great investment or owner-occupant opportunity! This spacious duplex offers two well-appointed units and the flexibility to live in one while generating rental income from the other. Conveniently located near shopping, restaurants, and schools. The larger Unit B offers approximately 1449 sq. ft., with 4 bedrooms and 2 full bathrooms. The open-concept layout features hardwood floors, an inviting open kitchen with dining area, cozy wood-burning fireplace, primary suite with private full bathroom, and a dedicated laundry room. Current rent is $2,300/month. The second unit features 3 bedrooms plus a possible den and 2 bathrooms, including a primary suite with an adjoining bathroom. Current rent is $1,650/month. Combined current rental income is $3,950/month. Whether you're looking to expand your investment portfolio or live in one unit while having rental income help offset your mortgage, this duplex offers excellent versatility and potential.

1390 Cedar Avenue, Marysville

Listing courtesy of RE/MAX Whatcom County, Inc..

$999,900
2572714 MLS ACTIVE Status
Hard-to-find, leased duplex offering immediate income and strong investment potential! Gross annual income of $59,940 with taxes/insurance of $10,331 produces an NOI of $49,609 and approx. 4.9% CAP at $999K. Current rents are $2,400 & $2,595/mo, with PM-projected market rents of $2,895/unit, offering potential for approx. 5.8% CAP at market rents. Tenants pay all utilities. Each spacious unit features 3 beds, 2.5 baths, bonus room, large dining area, gas fireplace, gas cooking/heat, 2-car garage PLUS abundant additional parking and enormous, level, fully fenced private yards—a standout feature for tenants. HardiePlank siding and fresh exterior paint. Unit A offers bamboo flooring & SS appliances; Unit B features LVP, white appliances & new cooktop. Located in the highly desirable Lake Stevens School District, walking distance to the high school and convenient to Hwy 9. Generous floorplans provide the space and functionality renters seek, while individual garages, extensive off-street parking and expansive fenced outdoor spaces help set this property apart from typical multifamily offerings. Established tenancy provides income from the start, while projected market rents offer additional upside for the future. An appealing combination of location, livability, rental demand and income potential makes this a compelling opportunity to acquire an established investment property in a sought-after Lake Stevens community.

11243 30th Street NE, Lake Stevens

Listing courtesy of Real Broker LLC.

$969,000
2575395 MLS ACTIVE Status
Brand-new roof installed in August 2026! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Common laundry provides additional income potential. A flexible asset with the ability to immediately owner-occupy or use as a long-term hold with good cashflow + additional upside potential through operational improvements.

15328 40th Avenue W, Lynnwood

Listing courtesy of Windermere Real Estate Co..

$1,675,000
2578200 MLS ACTIVE Status
AMAZING One of a Kind Opportunity w/ $400k in equity and $600k in ARV value from tax record. This is a perfect gated property of 6.45 acres with 6 bedrooms and 3 kitchens and 4th kitchen Bar to be remodeled into an Adult Care Home, Treatment Facility or Senior Adult Family Home. In addition, create a multi living compound for 2-3 separate living quarters. Exceptional value for location, structure, opportunity with multiple kitchens for multi generational living, rentals if new design prefers. AIRBNB Short Term Rentals, long-term guests, assisted living, home-based business, Travel RN leases, or entertaining. Two tax parcels included in the sale. The property is not available for permitting any additional structures just the existing home and layouts and inspected septic. Recreate the charm and Luxury from the past and please look at previous listings for the landscaped oasis. Interior renovations is an open book for you to either leave or do some wall opening and make into a gorgeous multi-family or keep residential. Need strong buyer & offer to satisfy for closing. The Tax value is $2,187,600 & estimated ARV of over $2.4M!! Grounds are overgrown now and it needs work, but 2016 photos (from previous listing) reveal the potential. Don't scroll past or overlook this one; bring your offer and make this extraordinary property your own. Never get a chance like this amazing property in Snohomish County!

20505 111th Avenue SE, Snohomish

Listing courtesy of Realty One Group Enterprise.

$1,115,000
2577015 MLS ACTIVE Status
Fully leased 1978 four plex. Four identical 2 bedroom, 1 bath units at 892 square feet each, all on 12 month term leases with staggered expirations into 2027.Eleven parking spaces on a 9,583 square foot lot, four of them covered carports with storage, which is close to three spaces per unit. On site coin laundry adds $200 a month on top of rent. Units are separately metered and tenants pay their own electricity and garbage.Two paths to higher income for the next owner. One unit rents $250 a month under the two identical units beside it. Water and sewer are still owner paid while comparable buildings in this pocket already bill it back.Wood frame on poured concrete and slab, two stories, 3,568 square feet. Baseboard and wall heat. Deck, patio, partially fenced, mountain view. Dead end street.Minutes to Interstate 5, the Mariner Park and Ride, and the Boeing Everett campus at Paine Field. Rent roll, leases and expense detail available on request.

514 124th Place SW Unit #1-4, Everett

Listing courtesy of Real Broker LLC.

$825,000
2575389 MLS ACTIVE Status
The Lombard Ave Fourplex is a fully renovated four-unit multifamily property located at 3432 Lombard Ave in Everett’s desirable Port Gardner neighborhood. Originally constructed in 1901, the property has benefited from significant capital improvements under current ownership, including a new roof, electrical panels, and PEX plumbing, all completed in 2019. Each residence has been thoughtfully renovated between 2018 and 2021, featuring updated kitchens, flooring, bathrooms, and lighting, with every unit also equipped with a dishwasher. The property offers a diverse unit mix consisting of two 600 SF studios, a 900 SF one-bedroom/ one-bathroom unit, and a spacious 1,200 SF two-bedroom/one-bathroom unit. Residents have access to a shared coin-operated laundry room and additional basement storage. The property retains its historic character with high ceilings, original trim, and tall windows that provide each unit with a distinctive sense of charm and great natural light. The offering presents a turnkey investment with multiple avenues for additional income growth.

3432 Lombard Avenue, Everett

Listing courtesy of Paragon Real Estate Advisors.

$950,000
2572116 MLS ACTIVE Status
First time ever on the market - this well-built duplex offers over 1,800 sq ft per unit, with each side featuring 3 bedrooms, 2.5 bathrooms, and attached 2-car garages; A rare opportunity with three different options for you- 1. Buy as investment and rent out both sides 2. Move into one unit and rent out the other for 3k a month and have the tenants pay 50% of your mortgage or 3. Buy with others and each have your own house for 425k. Each side features a living room, dining room, kitchen and half bath on the main. Kitchens feature birch cabinetry, granite tile countertops and stainless steel appliances. Upstairs have three bedrooms total, a full bathroom, laundry room, and primary suite features its own ensuite bath. Large front yard w/ alley access to your finished garages. Conveniently located near downtown Marysville with easy access to shopping, dining, the YMCA, schools, and everyday amenities. A great opportunity for investors or those looking to live in one unit while generating rental income from the other!

938 Quinn Avenue, Marysville

Listing courtesy of KW North Sound.

$712,000
2571254 MLS ACTIVE Status
Turnkey duplex investment opportunity in Everett's desirable Pinehurst neighborhood! Built in 1999 offering over 2,000 sq ft, this well-maintained property features two spacious units with functional floorplans, private outdoor space, dedicated parking, and strong long-term rental appeal. Both tenants are currently on month-to-month leases, providing flexibility for investors seeking immediate upside or owner-occupants looking to offset their mortgage. Current rents are below market, creating a compelling value-add opportunity with room to increase cash flow. Each unit offers comfortable living spaces, practical layouts, and access to fenced outdoor areas and deck space. Situated on a low-maintenance lot with four off-street parking spaces, this duplex is designed for easy ownership and tenant convenience. Located near schools, parks, shopping, dining, major employers, and transit options, the property benefits from continued demand for rental housing in the Everett market. Whether you're expanding your portfolio, completing a 1031 exchange, or looking for a house-hack opportunity, this property checks all the boxes with location, flexibility, and upside.

6101 McDougal Avenue, Everett

Listing courtesy of Real Broker LLC.

$1,399,000
2570048 MLS ACTIVE Status
Excellent investment opportunity! Well-maintained 6-plex in a convenient close-in urban location with easy access to I-5, shopping, transit, and area amenities. Strong income-producing property with all six units currently occupied; many tenants have been in place for 6+ years, providing a stable rental history. Units have been updated including granite countertops in the kitchen, and the property features a large concrete driveway with dedicated parking stalls for residents. Potential additional lot or development opportunity at the front of the property- buyer to verify zoning, development potential and feasibility with the appropriate jurisdiction. Please do not disturb tenants. Drive-by and exterior viewing are welcome.

17816 44th Avenue W, Lynnwood

Listing courtesy of Kelly Right RE of Seattle LLC.

$1,225,000
2570382 MLS ACTIVE Status
Edmonds Bowl Triplex is being offered for the first time in over 45 years, presenting a rare opportunity to acquire a well-located asset in one of Edmonds’ most desirable neighborhoods. Seller financing is available for qualified buyers with flexible terms—please reach out for details. Ideally positioned in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront, this property offers exceptional walkability and long-term tenant appeal. Upper-level units feature attractive water, mountain, and territorial views, further enhancing desirability. The property showcases classic mid-century architecture centered around a private courtyard, creating a unique and inviting atmosphere for residents. Additional amenities include common laundry, storage, five off-street parking stalls, and a spacious two-car garage. This is a compelling value-add opportunity with clear upside through interior upgrades and operational improvements. With an irreplaceable location, strong existing fundamentals, and multiple paths to increased income, this offering is ideal for investors seeking stability, upside, and long-term appreciation.

318 3rd Avenue S, Edmonds

Listing courtesy of Paragon Real Estate Advisors.

$1,350,000
2570351 MLS ACTIVE Status
Edmonds Bowl 5 Unit, offered for the first time in over 45 years and Ideally situated in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront. Sellers are open to Seller Financing terms from qualified buyers. Please reach out for terms. Upper-level units offer attractive water, mountain, and territorial views, enhancing overall tenant appeal. The building showcases a classic mid-century design centered around a private courtyard, creating a unique and inviting living environment. Residents benefit from a common laundry and storage area, while ample off-street parking is provided via five surface stalls and a spacious two-car garage. This asset presents a compelling value-add opportunity with clear pathways to increasing rental income through interior upgrades and operational improvements. With its irreplaceable location, strong in-place fundamentals, and multiple avenues for value creation, this offering is well-suited for investors seeking a stable, well-located asset with significant long-term growth potential.

324 3rd Avenue S, Edmonds

Listing courtesy of Paragon Real Estate Advisors.

$779,950
2530416 MLS ACTIVE Status
Attention Investors! Everett investment opportunity featuring an income-producing duplex plus an additional 3-bedroom manufactured home on a spacious 14,810 SF lot. All units are occupied with month-to-month leases and current rents are below market, offering future rental upside. Seller currently pays water/sewer, providing additional potential for future expense restructuring. Property is in fair condition with opportunity for improvements and value enhancement. Large 14,810 SF lot with MR zoning offers redevelopment potential for approximately 7 dwelling units based on current zoning density. Plenty of parking with convenient access to shopping, services, transit and major commuter routes. Ideal for an investor looking for current rental income with multiple ways to add value through future rent growth, property improvements, expense restructuring and redevelopment potential. Buyer to verify zoning, permitted uses, development capacity and all information to buyer’s satisfaction.

412 105th Street SW, Everett

Listing courtesy of Kelly Right RE of Seattle LLC.

$950,000
2567840 MLS ACTIVE Status
This turnkey duplex is a fantastic addition to any investment portfolio—and an ideal opportunity for house hacking. Each spacious unit features three bedrooms, 2.5 bathrooms, and a two-car garage, all situated on a private, tree-filled lot backing to a protected greenbelt. Unit A offers recent updates, including waterproof vinyl flooring throughout the main level. The bright kitchen with large pantry opens to a spacious living room with access to a private backyard—perfect for relaxing. Upstairs are two generously sized bedrooms, a full bathroom with dual sinks, and a peaceful primary suite with an attached bath. All appliances are included, and the garage’s tall ceilings provide excellent storage. Unit B has been beautifully updated with vinyl plank flooring throughout, fresh interior paint, new trim, updated lighting fixtures, and a new refrigerator, washer, and dryer. The floorplan is open and filled with light. The kitchen offers lots of storage and opens to large living room. Upstairs, you will find your primary bedroom with huge closet and attached bath. 2 more spacious bedroom and full bath complete this unit. Live in one unit while renting the other, or add the entire property to your investment portfolio. Located in the highly sought-after Mukilteo School District—including Kamiak High School—the property provides convenient access to Mukilteo Speedway, I-405, and I-5, offering an easy commute without sacrificing its peaceful natural setting.

3115 York Road, Everett

Listing courtesy of Windermere Real Estate GH LLC.

$850,000
2567996 MLS ACTIVE Status
Fantastic duplex opportunity on a beautiful tree-lined street in Everett. UNIT A is a 1,815 square foot two-story unit with 4 bedrooms and 2 bathrooms. Completely remodeled including new wiring, plumbing, HVAC, & gas. The fireplace and most appliances are 2 years old. Unit A accessed from McDougall Avenue has a private patio and off-street parking. UNIT B is accessed from the alley and was newly constructed in 2020. At 900 Square Feet, Unit B offers 2 bedrooms, 1 bath, fenced yard and off-street parking. Unit B appliances are also new within the last two years, and it offers energy efficient air conditioning via a mini-split. Off-street parking for Unit B. New siding & paint on both units. Both units are turn-key ready, and all appliances stay including washer and dryers. Unit A (4 BR) is month to month, Unit B lease is through March 2027. All this plus a two-car garage with loft. Excellent location close to schools and downtown.

2326 McDougall Avenue, Everett

Listing courtesy of John L. Scott, Inc..

$895,000
2567184 MLS ACTIVE Status
Attention Investors: 2 updated ramblers on a large lot with views of Halls Lake; each separate house has two bedrooms with full bathrooms. For over 25 years this property has been a wildly successful investment; and now even more with close proximiety to Link light rail. Zoned RMM - Medium Density Multi-Family. Options: rent both, live in one/lease the other or build a potential multi-unit complex? The first house, 5700: is 768 sf featuring two bedrooms and one full bathroom with a woodstove fireplace, deck overlooking the lake, plus fully fenced yard and shed. The 2nd upper house, 5702: is 696 sf with two bedroom and a one full bathroom with another half bath. Total square footage for both is 1,464 and the lot size is 16,553. Everything is updated -- these include: new kitchen quartz coutertops and cabinets, LVP flooring, fixtures, bathrooms, roofs, lawns, painting, fencing and driveway. Why buy one home when two are available for sale? Welcome to Halls Lake, an amazing opportunity.

5700 212th Street SW, Mountlake Terrace

Listing courtesy of Pacific Northwest Realty.

$875,000
2563772 MLS ACTIVE Status
Rare Lake Stevens Duplex Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex offers exceptional flexibility and value. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,400 square feet, oversized primary suites with walk-in closets, oak cabinetry, cozy gas fireplaces, and fully fenced private yards. Capital improvements provide peace of mind, including a new furnace and new water heaters, while gutter guards help minimize exterior maintenance. The right-side unit boasts an expansive backyard complete with a patio and sprinkler system—perfect for outdoor entertaining or relaxing. Ideally located within walking distance of Lake Stevens waterfront, the popular Farmers Market, and the charm of Historic Downtown Lake Stevens, this property offers an unbeatable combination of convenience, lifestyle, and strong rental appeal. A turnkey opportunity in a highly desirable location with excellent long-term investment potential.

1601 131st Drive NE, Lake Stevens

Listing courtesy of Ballpark Realty.

$1,400,000
2563665 MLS ACTIVE Status
This well maintained Edmonds fourplex is offered for sale for the first time since 2005. Tucked away in the desirable 5 Corners area, the property features four matching 2BD/1.75BA units of approximately 976SF, each with in unit laundry. 8 dedicated parking spaces are included, four of which are covered. Recent improvements include a full roof replacement with new insulation and ventilation in 2021, a new carport roof in 2023, and new exterior paint, refreshed decks, and stair carpeting in 2024. Units B, C, and D are on annual leases through August 31, 2027. Unit A now vacant and to be marketed for lease at $2,275/mo. when ready. Additional upside exists through the implementation of a utility reimbursement program. Seller financing available to qualified buyers.

8134 212th Street SW, Edmonds

Listing courtesy of KW Greater Seattle.

$799,950
2560187 MLS ACTIVE Status
Excellent investment opportunity in a desirable Marysville neighborhood! This spacious duplex features two approximately 1,182-square-foot units, each offering 2 bedrooms, 2 bathrooms, an open floor plan, in-unit laundry, a private fenced yard, and its own 2-car garage. Both units also feature gas heat, gas water heaters, and gas fireplaces. Unit A has been extensively remodeled with an updated kitchen, bathrooms, flooring, and finishes, and is leased at a premium rental rate. Unit B is occupied by a reliable long-term tenant and has also seen significant recent upgrades, including new luxury vinyl plank flooring throughout, new appliances, a new gas fireplace insert, replacement of fogged windows, new blinds, new interior doors, a new gas hot water tank, new bathroom exhaust fans, and a new cedar privacy fence surrounding the yard. Pre Inspection Available. Just ask LA. The roof was installed around 2017, has been recently inspected, and was found to be in good condition. The exterior was painted approximately five years ago. Both units are occupied, with tenants contributing toward utilities, providing stable income and reduced operating expenses. Located on a quiet cul-de-sac with convenient access to shopping, schools, and commuter routes, this is a well-maintained, turnkey investment offering strong rental appeal and long-term upside.

5411 99th Place NE Unit #A/B, Marysville

Listing courtesy of HomeSmart Real Estate Assoc.

$1,099,995
2559003 MLS ACTIVE Status
Exceptional investment opportunity in the heart of Marysville! This well-maintained 4-plex offers a strong 5.8% cap rate with stable cash flow and long-term upside. Annual gross rental income is $82,680, making it an ideal addition to any investment portfolio or 1031 exchange.Two units have been extensively renovated within the past two years with modern finishes, while the remaining two units are occupied by approximately 6-year tenants who have taken exceptional care of their homes, providing dependable income and low turnover. The property has been well maintained and offers investors an excellent balance of immediate returns and future value-add potential as units naturally transition over time.Conveniently located near shopping, restaurants, schools, parks, I-5, Highway 9, and major employers, this property continues to attract quality tenants in one of Snohomish County's strongest rental markets.Whether you're a seasoned investor or purchasing your first multifamily property, this is a rare opportunity to acquire a clean, professionally maintained fourplex with solid financials, stable occupancy, and room for future growth. Pre Inspection Available. Just ask the Listing Agent

1309 Wildwood Street Unit #A/B/CD, Marysville

Listing courtesy of HomeSmart Real Estate Assoc.

$999,950
2558470 MLS ACTIVE Status
Beautifully updated split-level home offering flexibility, comfort, and income potential! Upper level features 3 bedrooms, 2 bathrooms, a stylish kitchen with quality finishes, dedicated laundry, and light-filled living spaces. The lower level includes 2 bedrooms, 1 bathroom, its own full kitchen, laundry, and a private entrance—perfect for guests, extended living, or rental income. Both levels have been thoughtfully updated with attention to detail throughout. Enjoy a spacious bonus room, a large yard filled with fruit trees, and a custom-built outdoor BBQ area—ideal for entertaining. With plenty of parking and move-in-ready appeal, this home is perfect for multi-generational living or savvy investors. Don’t miss this unique opportunity!

23116 80th Place W, Edmonds

Listing courtesy of John L. Scott, Inc..

$895,000
2555321 MLS ACTIVE Status
Live in one unit while the other helps pay the mortgage. This duplex on 1.31 acres offers a rare opportunity for owner-occupants or investors. Unit 2 is vacant & ready for immediate occupancy or leasing, while Unit 1 is tenant occupied, providing income from day one. Combined rental potential is approx. $4,900/mo. Unit 1 offers 2 bed, 1.5 bath, 1,018 SF, private fenced yard, wood-burning fireplace, stone counters & kitchen appliances included. Unit 2 features 3 bed, 1.5 bath, 1,330 SF, attached 1-car garage, engineered wood floors, heat pump for A/C, upgraded bath vanity, stone counters, large patio, fenced yard, utility sink & extra refrigerator. Both units include wood-burning fireplaces, laundry, & are set up for central vac. Situated on a 57,064 SF (1.31-acre) lot near Snohomish Golf Course with no HOA & located in the Snohomish School District. A versatile property with immediate income, owner-occupant flexibility & room to grow.

8115 145th Drive SE, Snohomish

Listing courtesy of RE/MAX Elite.

$4,850,000
2555393 MLS ACTIVE Status
The Cove Apartments offers investors a compelling combination of strong in-place cash flow, recent capital improvements, and long-term upside in the growing Marysville market. The property has benefited from significant interior and exterior upgrades, including renovated apartment homes, in-unit washers and dryers in every unit, fresh exterior paint, updated signage, and ample on-site parking, creating a low-maintenance investment that continues to attract tenant demand. Currently operating at a strong 6.91% in-place cap rate, The Cove delivers exceptional day-one returns while offering future rental growth potential. Its functional unit mix, proven operational performance, and recent improvements provide stability and long-term value appreciation. Conveniently located near Interstate 5, State Route 529, and State Route 9, residents enjoy easy access to major employment centers throughout Snohomish County and the greater Seattle area. Supported by strong population growth, expanding infrastructure, limited multifamily supply, and sustained economic investment across the North Puget Sound region, The Cove Apartments represents an outstanding opportunity to acquire a well-positioned, income-producing asset with both immediate cash flow and long-term investment potential.

7234 47th Avenue NE, Marysville

Listing courtesy of Paragon Real Estate Advisors.

$7,150,000
2555202 MLS ACTIVE Status
The Nyland Apartments, a 19-unit multifamily investment opportunity located in highly desirable Edmonds, Washington. Completed in 2021, this charming residential community offers investors the rare chance to acquire a newly constructed property in one of the Puget Sound's most coveted and supply-constrained submarkets. The property sits on approximately one acre of land (51,000+ square feet) zoned for multifamily use, providing long-term flexibility and redevelopment potential in a rapidly growing suburban environment. The Nyland Apartments feature spacious units averaging 783 square feet with high-end interior finishes including: stainless steel appliances, granite countertops, vinyl flooring, and marble-inspired surfaces throughout. Residents benefit from modern living amenities such as air conditioning, in-unit washer and dryer, walk-in closets, and private patios or balconies compelling opportunity for investment.

8509 244th Street SW, Edmonds

Listing courtesy of The Preview Group.

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