Listed by Real Property Associates
$788,500

Estimated payment $4,845/month

Total Views 13,165
4 Beds
2 Baths
2,230 Sq Ft
$354 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Corner Lot
  • Forced Air Heating and Cooling System
  • Valley View Middle School Rated A-
  • No HOA
  • Patio

About This Home

Welcome to this exceptional commercial property zoned R-5 RB for both business and residential use sitting on an expansive 10,454 sq/ft corner lot. This well-established duplex w/ great cash flow opportunities. Situated conveniently close to major highways including 9, 522, and 405, its prime location ensures ease of access and high demand for rental units. The commercial zoning opens up exciting possibilities for increasing the property's value. Furthermore, its proximity to abandoned RR tracks earmarked for future trail development adds another layer of potential appreciation. Both units of this property offer spacious layouts featuring 2 bedrooms and 1 bathroom each, complemented by generously sized living rooms complete w/ fireplaces.

Listing Agent

Torrey Morales

Real Property Associates License #134003 Listed on: 07/09/2025

Co-Listing Agent

Gordon Stephenson

Real Property Associates License #13279

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2404755

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,588

Year Built

  • Built in 1922

Lot Details

  • 10,454 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • 004038-009-001-00
  • Value in Land
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,230 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Cathcart Elementary School
  • Valley View Mid Middle School
  • Glacier Peak High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Maltby Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00403800900100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,588

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1922
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2230
  • Special Features: None

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Forced Air, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Snohomish PUD
  • WaterCompany: Cross Valey
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Snohomish
  • High School: Glacier Peak
  • Middle Or Junior School: Valley View Mid

Lot Info

  • Parcel Number: 00403800900100
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • Additional Parcels Description: 004038-009-001-00
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Snohomish County
  • MLSSquareFootageSource: Snohomish County
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 15.8
  • LeasedItems: None
  • TotalMonthlyIncome: 50400

Multi Family

  • Gross Scheduled Income: 50400
  • Net Operating Income: 42542
  • Number Of Units Total: 2
  • Insurance Expense: 1269.5
  • Leasable Area: 2230
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6588

MLS Schools

  • Elementary School: Cathcart Elem

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 $6,588 $669,500 $417,400 $252,100
2024 $6,588 $637,100 $385,000 $252,100
2023 $5,536 $592,000 $282,100 $309,900
2022 $6,821 $592,000 $282,100 $309,900
2020 $3,509 $288,800 $235,000 $53,800
2019 $3,080 $251,000 $200,000 $51,000
2018 $3,052 $206,600 $157,500 $49,100
2017 $2,858 $198,300 $157,500 $40,800
2016 $2,912 $195,100 $150,000 $45,100
2015 $3,626 $234,900 $136,500 $98,400
2013 $3,566 $222,400 $124,000 $98,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $788,500 +28.2% $354 / Sq Ft
12/04/2020 12/04/20 Sold $615,000 0.0% $276 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
08/31/2020 08/31/20 Price Changed $615,000 -3.1% $276 / Sq Ft
08/21/2020 08/21/20 Price Changed $635,000 -3.1% $285 / Sq Ft
07/30/2020 07/30/20 For Sale $655,000 +6.5% $294 / Sq Ft
07/27/2020 07/27/20 Off Market $615,000 -- --
07/27/2020 07/27/20 Price Changed $655,000 -4.4% $294 / Sq Ft
07/15/2020 07/15/20 For Sale $685,000 -- $307 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $245,000 Commonwealth Land Title
Quit Claim Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 New Conventional
Open $369,000 New Conventional
Closed $182,698 New Conventional
Closed $196,000 Purchase Money Mortgage
Previous Owner $95,000 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2404755

Northwest Multiple Listing Service (NWMLS)

APN: 004038-009-001-00