Listed by Windermere Real Estate/East
$975,000

2403 116th St SE Unit A & B Everett, WA 98208

Silver Lake Neighborhood

Estimated payment $5,857/month

Total Views 13
4 Beds
2 Baths
1,400 Sq Ft
$696 Price per Sq Ft

Highlights

  • RV Access or Parking
  • No HOA
  • Vinyl Plank Flooring
  • Corner Lot
  • Cul-De-Sac
  • Partially Fenced Property

About This Home

Completely renovated Duplex with all new appliances; subway tiled bathrooms; new kitchen and bathroom cabinets; all new electrical including panels, meters and strike; cleaned and insulated crawlspace with new vapor barrier; new floor coverings and paint. Both units are fresh vacant and waiting for your new Tenants. The Large .34 acre flat lot is ready for up to 4 additional units. This is an ideal income producing investment opportunity, just walking distance from Silver Lake and bus routes, while developing new units on the site (Buyer to verify with Snohomish County).

Last Listed By

Joel Johnson

Windermere Real Estate/East License #86422 Listed on: 06/11/2025

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2391561

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,921

Year Built

  • Built in 1968

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 160 x 125
  • Cul-De-Sac
  • Partially Fenced Property
  • Corner Lot
  • Value in Land

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 7 Parking Spaces
  • Open Parking
  • RV Access or Parking

Community Details

  • No Home Owners Association
  • Silver Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00574800101203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,921

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 1400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Cul-De-Sac, Paved, Value In Land
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Silver Lake Sewer Dist.
  • WaterCompany: Silver Lake Water Dist.
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 00574800101203
  • Lot Size Acres: 0.34
  • Lot Size: 160 x 125
  • Lot Size Sq Ft: 14810
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,RV Parking
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.25
  • LeasedItems: None
  • TotalMonthlyIncome: 5000

Multi Family

  • Gross Scheduled Income: 60000
  • Net Operating Income: 50879
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 1400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4921

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Average Value
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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 $4,921 $552,000 $400,500 $151,500
2024 $4,921 $520,100 $376,200 $143,900
2023 $5,342 $605,000 $436,500 $168,500
2022 $4,667 $460,900 $288,000 $172,900
2020 $4,528 $359,500 $220,500 $139,000
2019 $4,057 $320,700 $197,100 $123,600
2018 $4,502 $330,100 $193,500 $136,600
2017 $3,975 $289,900 $162,000 $127,900
2016 $3,244 $245,400 $128,700 $116,700
2015 $3,146 $225,700 $118,200 $107,500
2013 $2,415 $149,700 $87,600 $62,100
Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,280 Chicago Title
Warranty Deed $198,280 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $74,844 FHA
Open $245,471 FHA
Previous Owner $192,000 Unknown
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2391561

Northwest Multiple Listing Service (NWMLS)

APN: 005748-001-012-03

Washington Snohomish County Everett 98208 Silver Lake

2403 116th St SE Unit A & B, Everett, WA

This home is located at 2403 116th St SE Unit A & B, Everett, WA 98208 and is currently priced at $975,000, approximately $696 per square foot. This property was built in 1968. 2403 116th St SE Unit A & B is a home located in Snohomish County with nearby schools including Monroe Elementary School, Eisenhower Middle School, and Cascade High 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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Joel Johnson
Listing Agent
Joel Johnson
Section Image
Windermere Real Estate/East
(425) 382-8316