5113 S 4th AVE, Everett, WA 98203
5113 S 4th AVE, Everett, WA 98203
5113 S 4th AVE, Everett, WA 98203
5113 S 4th AVE, Everett, WA 98203
5113 S 4th AVE, Everett, WA 98203
5113 S 4th AVE, Everett, WA 98203
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Shannon Lambert

Shannon Lambert

+1(503) 347-0159
Listed by:eXp Realty • Jason Windom
$ 725,000
Est. payment | /mo

4 Beds

4 Baths

2,312 SqFt

Save
$ 725,000
Est. payment | /mo
Save

4 Beds

4 Baths

2,312 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,312 sqft

Price per Sqft $313

Subdivision Lowell

MLS Listing ID 2544459

Style 52 - Duplex

Bedrooms 4

Year Built 1979

Annual Tax Amount $5,037

Lot Size 6,534 Sqft

Property Sub-Type Multi Family

Property Description

Turnkey duplex with side-by-side units in Everett's Lowell neighborhood offering mountain, river, and territorial views in a private, peaceful setting. Each unit features 2 bedrooms, 1.5 baths, and 1,156 sq ft of thoughtfully designed living space with updated kitchens, private washer and dryer, thermal windows, and two private decks, each with outdoor storage, plus a separate larger storage area below that could be finished or used for hobbies or a workspace. Both long-term tenants are on month-to-month leases at $1,950 per side, generating $3,900 per month in gross income with a 5.36% cap rate and $38,843 NOI at the listed price. Investors will appreciate the stable income, low vacancy history, and below-market rent upside. Owner occupants can live on one side and let the other offset their mortgage. Additional parking in the rear accommodates 3 to 4 vehicles with potential RV or boat storage. Tenants would like to stay, making this an easy transition for the right buyer. Note: 90-day tenant notice required for owner occupancy. Extended closing available.

Location

State WA

County Snohomish

Area 740 - Everett/Mukilteo

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Amenities Available Deck

View Y/N Yes

View Mountains, River, Territorial

Roof Type Composition

Building

Lot Description Paved, Secluded

Sewer Sewer Connected

New Construction No

Schools

Elementary Schools Lowell Elem

Middle Schools Evergreen Mid

High Schools Everett High

School District Everett

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Shannon Lambert

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 347-0159

homeinsightshannon@gmail.com

1112 Daniels St, Suite 102-D, Vancouver, 98660, USA

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5113 S 4th AVE