Listed by Northmarq Multifamily, LLC
$2,350,000

15027 179th Ave SE Monroe, WA 98272

Estimated payment $13,837/month

Total Views 4,248
16 Beds
8 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.98 Acre Lot
  • Vinyl Plank Flooring
  • Wood Siding
  • No HOA
  • Baseboard Heating
  • 1-Story Property

About This Home

We are excited to present Greenacre, a prime investment opportunity located in Monroe. Built in 1967, this well-maintained property features 8 spacious 2-BD, 1-BTH units, each averaging 900 SF. Greenacre has undergone recent renovations to 3 of the units, including stainless steel appliances, modern cabinetry, LVP flooring, and granite CT. Each unit also includes in-unit laundry. With ample parking options, including on-site and street parking as well as reserved carports, Greenacre offers great value and convenience for its residents. The property presents a significant value-add opportunity with the potential to increase rents on renovated units and renovate existing classic units to modern finishes.

Listing Agent

Brendan Greenheck

Northmarq Multifamily, LLC License #22004896 Listed on: 05/29/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2384430

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,639

Year Built

  • Built in 1967

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Baseboard Heating
  • Septic Tank

Additional Features

  • 1-Story Property
  • 0.98 Acre Lot

Community Details

  • No Home Owners Association
  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00485400004701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,639

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1967
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 74

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 16
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • WaterCompany: City of Monroe
  • WaterSewerGarbage: 9979

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Monroe

Lot Info

  • Parcel Number: 00485400004701
  • Lot Size Acres: 0.98
  • Lot Size Sq Ft: 42689
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.9
  • LeasedItems: None
  • TotalMonthlyIncome: 15308

Multi Family

  • Gross Scheduled Income: 192798
  • Net Operating Income: 134418
  • Number Of Units Total: 8
  • Insurance Expense: 2870
  • Leasable Area: 7200
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 11639

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

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $2,350,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2384430

Northwest Multiple Listing Service (NWMLS)

APN: 00485400004700

Washington Snohomish County Monroe 98272

15027 179th Ave SE, Monroe, WA

This home is located at 15027 179th Ave SE, Monroe, WA 98272 and is currently priced at $2,350,000. This property was built in 1967. 15027 179th Ave SE is a home located in Snohomish County with nearby schools including Frank Wagner Elementary School, Monroe High School, and Monroe Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Brendan Greenheck
Listing Agent
Brendan Greenheck
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Northmarq Multifamily, LLC
(360) 559-6065