Listed by MacPherson's Real Estate Serv.
$1,150,000

Estimated payment $7,066/month

Total Views 311
4 Beds
4 Baths
2,520 Sq Ft
$456 Price per Sq Ft

Highlights

  • No HOA
  • Wood Siding
  • Carpet
  • Forced Air Heating System

About This Home

Martha Lake Giant Duplex on an over 15,000 SF Lot available for the first time in years. This opportunity to have an income producing rental in one of the hottest development areas in all of Snohomish county is too good to pass up. Currently, it is a side by side, 2 story duplex with large bedrooms, individual garages, natural gas furnaces, fireplaces. From an investment standpoint, the neighbors all around have redeveloped into multiple units and with the Middle ZONING emphasis of the state, this could be a Devlopment site with MILLION dollar neighbors. Just half a block from the north end of the lake, the location and up side potential make this a truly unique chance to get a tremendous property.

Last Listed By

Kyle Moore

MacPherson's Real Estate Serv. License #20118628 Listed on: 06/02/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2386053

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,317

Year Built

  • Built in 1983

Lot Details

  • 0.35 Acre Lot
  • Value in Land

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Martha Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0037300100604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,317

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1983
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2520
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Value In Land
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Alderwood
  • WaterCompany: Alderwood
  • CableConnected: Xfinity
  • InternetConnected: Xfinty
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Common Interest: Multi-Family

Schools

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

Lot Info

  • Parcel Number: 0037300100604
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: PUblic Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 28.76
  • LeasedItems: None
  • TotalMonthlyIncome: 4000

Multi Family

  • Gross Scheduled Income: 48000
  • Net Operating Income: 39983
  • Number Of Units Total: 2
  • Insurance Expense: 1400
  • Leasable Area: 2580
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7317

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
2025 $7,188 $874,100 $530,000 $344,100
2024 $7,188 $852,200 $520,000 $332,200
2023 $7,575 $941,100 $570,000 $371,100
2022 $6,933 $700,000 $385,000 $315,000
2020 $6,057 $538,200 $328,000 $210,200
2019 $5,933 $524,800 $280,000 $244,800
2018 $5,923 $461,700 $240,000 $221,700
2017 $5,051 $405,700 $205,000 $200,700
2016 $4,448 $356,500 $180,000 $176,500
2015 $4,347 $330,800 $150,000 $180,800
2013 $3,543 $253,200 $127,000 $126,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 For Sale $1,150,000 -- $456 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2386053

Northwest Multiple Listing Service (NWMLS)

APN: 003737-001-006-04