Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic "sweat equity" opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings...buyer to verify to their own satisfaction. Coin operated laundry.
|
LAST UPDATED
|
8/2/2025
|
NEIGHBORHOOD
|
Downtown
|
|
YEAR BUILT
|
Login to view Year Built
|
COMMUNITY
|
Downtown
|
|
COUNTY
|
Snohomish
|
STATUS
|
Pending Inspection
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
| Elementary School |
Jackson Elem |
| Jr. High School |
North Mid |
| High School |
Everett High |
|
Prior to Jul 14, '25
|
$1,300,000
|
| Jul 14, '25 - Today |
$1,199,950 |
| AIR |
None |
| AREA |
740 - Everett/Mukilteo |
| CONSTRUCTION |
Wood Siding |
| HEAT |
Baseboard, Electric |
| LOT |
9583 sq ft |
| LOT DESCRIPTION |
Paved, Sidewalk |
| MLS STATUS |
Pending Inspection |
| STORIES |
2 |
| STYLE |
54 - 4-Plex |
| SUBDIVISION |
Downtown |
| TAXES |
9103 |
| UTILITIES |
Cable Available, Sewer Connected |
| WATER |
Public |
| ZONING |
Multi-Family |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/4/25 5:44 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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