Listed by COMPASS, Bought with Real Property Associates
$970,000
SOLD MAY 20, 2021
-- Bed
-- Bath
3,424 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$283 Per Sq Ft

12% Below List Price

26 Days on Market

Highlights

  • Thermal Windows
  • Wood Siding
  • 2-minute walk to Henry Jackson Park
  • Ceramic Tile Flooring

About This Home

As of May 2021

Instant cash flow opportunity! This 4-plex tucked away on a quiet street next to Jackson Park is a turnkey revenue machine. Built as a condo with double walls between units. Brand new roof completed in January 2021! Washer/Dryer in each unit. Lower units have enclosed yards (tenant maintained) while top units have large decks. Operating costs stay low as the owner pays garbage while the tenants pay all other utilities. 3 of 4 units have tenants in place thru end of 2021, while unit 4 is recently vacant with proforma rent at $1300+. Potential for rent increases with COVID restrictions to be lifted at end of March. The tenants love living here, and are unaware of sale.

Last Agent to Sell the Property

Sterling Roe

COMPASS License #136210 Listed on: 03/19/2021

COMPASS

Last Buyer's Agent

Heidi Bardue

Real Property Associates License #2699

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1744967

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,152

Year Built

  • Built in 1985

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 3,424 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Garfield Elementary School
  • North Mid Middle School
  • Everett High School

Community Details

  • Riverside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00619732501201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,152

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1985
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3424
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank You!
  • Special Features: None
  • Cumulative Days on Market: 392

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: Ceramic Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: SnoPUD
  • SewerCompany: Everett
  • WaterCompany: Everett
  • WaterSewerGarbage: 678

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Everett
  • High School: Everett High
  • Middle Or Junior School: North Mid

Lot Info

  • Parcel Number: 00619732501201
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4975

Multi Family

  • Gross Scheduled Income: 58625
  • Net Operating Income: 48827
  • Number Of Units Total: 4
  • Electric Expense: 480
  • Insurance Expense: 1638
  • Leasable Area: 3424
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 25

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6152

MLS Schools

  • Elementary School: Garfield Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Sadler Eric
Bought by
Nickelson Amanda
Current Estimated Value
$1,267,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,500
Interest Rate
6.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2024
Sold by
Wermes Leonard and Wermes Linda
Bought by
Nickelson Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,500
Interest Rate
6.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 19, 2021
Closed on
May 18, 2021
Sold by
Qiu Fengheng and Nagle Jason T
Bought by
Wermes Leonard and Wermes Linda
Seller's Agent
Sterling Roe
COMPASS
Buyer's Agent
Heidi Bardue
Real Property Associates
List Price
$1,100,000
Sold Price
$970,000
Premium/Discount to List
-$130,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$668,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2018
Closed on
Jul 12, 2018
Sold by
Nagle Jason and Qiu Fengheng
Bought by
Qiu Fengheng
Seller's Agent
Alison West
Agile Property Management LLC
Buyer's Agent
Pamela Vanek
AgencyOne
List Price
$912,300
Sold Price
$870,000
Premium/Discount to List
-$42,300
-4.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%

Purchase Details

Listed on
Oct 4, 2012
Closed on
Aug 22, 2014
Sold by
Songstad James R and Songstad Heidi K
Bought by
West Gerald W and West Alison E
Seller's Agent
Jason Hull
KW Greater Seattle
Buyer's Agent
Alison West
Agile Property Management LLC
List Price
$335,000
Sold Price
$285,000
Premium/Discount to List
-$50,000
-14.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.23%

Purchase Details

Closed on
Mar 25, 2008
Sold by
Nutter Russell E
Bought by
Songstad James R and Songstad Heidi K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,965
Interest Rate
5.72%
Mortgage Type
VA

Purchase Details

Closed on
Oct 16, 2003
Sold by
L & R Home Renovations Llc
Bought by
Nutter Russell E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,600
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Homes in Everett, WA

  • 6015 Dexter Ave Unit AB, Everett, WA 98203

    $939,950

    • 6 Beds
    • 3 Baths
    • 2,812 Sq Ft
    • 6015 Dexter Ave
    • Unit AB
    • Everett, WA

    Live in A, Rent B! 4 miles from Boeing & Paine Field, this beautifully upgraded duplex is the perfect opportunity to live in one unit & generate rental income from the other. Unit A (3 bed, 2 bath) is vacant and move-in ready—remodeled 2022 w/ new appliances, modern flooring, cabinets, & countertops, plus a 2-car garage. Unit B (3 bed / 1 bath) was updated in 2025 with similar stylish finishes &

    Jason Stricevich HomeSmart Real Estate Assoc

    Section Image
  • 630 90th St SW Unit A/B, Everett, WA 98204

    $900,000

    • 6 Beds
    • 6 Baths
    • 2,964 Sq Ft
    • 630 90th St SW
    • Unit A/B
    • Everett, WA

    Well-maintained mirror-image townhome duplex on a quiet dead-end street in Mukilteo S.D. Built in 1995 and set back on a private drive, this 2,964 sq ft property sits on a 1⁄4-acre lot bordered by greenbelt. Each 3 bed, 2.5 bath unit includes a 2-car garage, fully fenced backyard, and all bedrooms upstairs. Strong rental history with long-term tenants and 99.99% occupancy over 8 years. Major

    Jason Stricevich HomeSmart Real Estate Assoc

    Section Image
  • 1132 Chestnut St, Everett, WA 98201

    $1,125,000

    • 6 Beds
    • 6 Baths
    • 3,978 Sq Ft
    • 1132 Chestnut St
    • Everett, WA

    One side is rented(long term GREAT tenant), live in the other side or rent it out! Current owner lived in other side & AirBnB while gone for $5k/mo. Two units side by side ~ each unit is 1989 sq ft mirrored floor plans~ Main floor is 2car garage & bonus room (think office/exercise room). Middle floor ~ large open great room concept living space comprised of kitchen w/island {bar top seating,

    Alysha Noggle John L. Scott Everett

    Section Image
  • 3319 Oakes Ave Unit 1.4, Everett, WA 98201

    $930,000

    • 8 Beds
    • 10 Baths
    • 4,557 Sq Ft
    • 3319 Oakes Ave
    • Unit 1.4
    • Everett, WA

    Royal Oakes Fourplex, The current 5.5% cap rate with basic renovations could allow for a cap rate above 8%. Comprising of two -2-bedroom/1.5-bath apartments and two- 2-bedroom/1.75-bath units, this property ensures a reliable, steady cash flow. Recent upgrades to the property include a fully renovated Unit C in 2023, New hot water tanks and the property offers quality features like double pane

    Donna Marshall Skyline Properties, Inc.

    Section Image
  • 3017 W Marine View Dr Unit A-C, Everett, WA 98201

    $1,000,000

    • 6 Beds
    • 6 Baths
    • 3,272 Sq Ft
    • 3017 W Marine View Dr
    • Unit A-C
    • Everett, WA

    INVESTOR ALERT! Fantastic Tri-Plex in Everett's Port Gardner Neighborhood. This turnkey building is fully rented and well maintained. Each spacious unit has 2 bedrooms and 2 baths with the second bedroom as the primary with its own en-0suite, washer and dryer, one car garage space along with a storage unit. There is extra parking in the alley and street. The building has a covered main entrance

    Jami Roedel Delta Property Management, Inc

    Section Image
  • 3718 Rockefeller Ave Unit A - D, Everett, WA 98201

    $1,049,000

    • 8 Beds
    • 4 Baths
    • 3,456 Sq Ft
    • 3718 Rockefeller Ave
    • Unit A - D
    • Everett, WA

    An exceptional addition to any investment portfolio, this well-maintained 4-plex features four spacious 2-bed, 1-bath units. The nearly 6100 square foot property provides stable, in-place $7000 a month income with a track record of quality tenants, low vacancy and low expenses. Each unit offers comfort and privacy, with features like in-unit washer/dryer, dishwasher and parking for up to eight

    Isaac Camacho Gilpin Realty, Inc.

    Section Image
  • 3512 Grand Ave, Everett, WA 98201

    $899,000

    • 6 Beds
    • 4 Baths
    • 3512 Grand Ave
    • Everett, WA

    8.45% Renovated Cap Rate | Value-Add Opportunity| Grand Avenue Mansion Fourplex offers a secluded living experience on a 31,799-square-foot lot, shielded from pedestrian traffic and street views. The exterior boasts a fresh coat of paint, a 2017 composition roof, and select units with modern double-paned vinyl windows. The unit mix features 2 two-bedroom units that average 945 square feet and 2

    Gabe Blake Blake Investment Advisors

    Section Image
  • 6003 Broadway, Everett, WA 98203

    $1,150,000

    • 8 Beds
    • 4 Baths
    • 3,364 Sq Ft
    • 6003 Broadway
    • Everett, WA

    Outstanding investment opportunity in Southeast Everett! 6003 Broadway is a well-maintained 4-plex featuring spacious 2-bed/1-bath units, each with a wood-burning fireplace, in-unit washer/dryer, dishwasher, deck or patio, 1 covered and 1 uncovered parking space, and private storage. Quality long-term tenants are currently on month-to-month leases. Conveniently located near I-5, Boeing, shopping,

    Samantha Shelton SJA Real Estate

    Section Image
  • 6321 Broadway, Everett, WA 98203

    $998,000

    • 8 Beds
    • 4 Baths
    • 3,072 Sq Ft
    • 6321 Broadway
    • Everett, WA

    Investment opportunity. Well maintained 4 Plex. Washer/Dryer hooks ups in all units. Each unit has 2 assigned parking spaces, storage shed and individual fenced-in yards. Convenient location on bus line and close to schools, shopping, freeway, employment and entertainment.

    Holly Blake CENTURY 21 North Homes Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $313 Fidelity National Title
Warranty Deed $1,280,000 Fidelity National Title
Warranty Deed $1,280,000 Fidelity National Title
Warranty Deed $970,000 Fidelity National Title
Interfamily Deed Transfer -- Rainier Title Llc
Warranty Deed $870,000 Rainier Title Llc
Warranty Deed $285,000 Cw Title
Warranty Deed $420,000 Pnwt
Warranty Deed $308,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $862,500 New Conventional
Closed $750,500 New Conventional
Previous Owner $668,000 New Conventional
Previous Owner $333,750 Stand Alone Refi Refinance Of Original Loan
Previous Owner $437,418 VA
Previous Owner $425,965 VA
Previous Owner $215,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $970,000 -7.6% $283 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/05/2021 04/05/21 Price Changed $1,050,000 -4.5% $307 / Sq Ft
03/19/2021 03/19/21 For Sale $1,100,000 +26.4% $321 / Sq Ft
07/16/2018 07/16/18 Sold $870,000 -0.6% $255 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
06/18/2018 06/18/18 Price Changed $875,000 -4.1% $256 / Sq Ft
06/04/2018 06/04/18 For Sale $912,300 +220.1% $267 / Sq Ft
08/25/2014 08/25/14 Sold $285,000 -14.9% $83 / Sq Ft
09/28/2013 09/28/13 Pending -- -- --
10/04/2012 10/04/12 For Sale $335,000 -- $98 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $7,645 $899,000 $288,200 $610,800
2024 $7,645 $890,240 $283,200 $607,040
2023 $7,460 $908,500 $267,600 $640,900
2022 $6,116 $668,000 $194,900 $473,100
2020 $6,151 $548,000 $163,800 $384,200
2019 $5,354 $480,000 $158,800 $321,200
2018 $5,427 $446,000 $135,800 $310,200
2017 $4,814 $394,000 $123,400 $270,600
2016 $4,173 $359,000 $117,600 $241,400
2015 $4,245 $344,000 $112,000 $232,000
2013 $4,223 $302,000 $112,000 $190,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1744967

Northwest Multiple Listing Service (NWMLS)

APN: 006197-325-012-01