Listed by John L. Scott, Inc
$899,950

116 4th Ave S Algona, WA 98001

Estimated payment $5,437/month

Total Views 189
5 Beds
4 Baths
2,570 Sq Ft
$350 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • Property is in very good condition
  • RV Access or Parking
  • Ceramic Tile Flooring
  • Partially Fenced Property

About This Home

Cash-flow from day one with this rare investment opportunity. Built in 2022, this property is low-maintenance for years to come. This home offers three distinct spaces: a main house, a fully furnished studio unit, and a versatile shop. The main house spans 2,200 square feet and features 4 bedrooms, 2.5 bathrooms and a 2-car garage. The separate studio unit is complete with its own entrance, kitchen, bathroom and laundry. Heated high-ceiling RV garage/shop spans 728 square feet, currently rented for storage. Whether you choose to rent the whole property, live in one space and rent the others, or enjoy the entire property yourself, the possibilities are endless. Solid rental history — take advantage of the best opportunity on the market!

Listing Agent

Denis Karnafel

John L. Scott, Inc License #134084 Listed on: 09/02/2025

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2427976

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,855

Year Built

  • Built in 2022

Lot Details

  • 8,110 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,570 Sq Ft Home
  • 2-Story Property

Flooring

  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • 5 Covered Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Algona Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8856001449

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,855

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2022
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2570
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Ductless, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Algona
  • WaterCompany: City of Algona
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Auburn
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 8856001449
  • Lot Size Acres: 0.1862
  • Lot Size Sq Ft: 8110
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,RV Parking
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.64
  • LeasedItems: None
  • TotalMonthlyIncome: 7050

Multi Family

  • Gross Scheduled Income: 84600
  • Net Operating Income: 69049
  • Number Of Units Total: 3
  • Insurance Expense: 800
  • Leasable Area: 3298
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6855

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,897 $604,000 $135,000 $469,000
2023 $5,080 $425,000 $108,000 $317,000
2022 $4,740 $455,000 $103,000 $352,000
2021 $1,059 $367,000 $88,000 $279,000
2020 $4,740 $82,000 $82,000 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 For Sale $899,950 -- $350 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $700,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $552,000 New Conventional
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2427976

Northwest Multiple Listing Service (NWMLS)

APN: 885600-1449