303 Poppy Rd Bothell, WA 98012
North Creek NeighborhoodEstimated payment $23,953/month
Highlights
- 4.55 Acre Lot
- No HOA
- Wood Siding
- Cedar Wood Elementary School Rated A
- Baseboard Heating
About This Home
Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2456005
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968 | Remodeled
Lot Details
- 4.55 Acre Lot
- 00373000700102,00373000700103,00373000700104,00373000700201
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 12,750 Sq Ft Home
- 2-Story Property
Parking
- 27 Parking Spaces
- Open Parking
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Canyon Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 00373000700101
Map
Home Values in the Area
Average Home Value in this Area
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 | $19,969 | $2,088,000 | $543,600 | $1,544,400 |
| 2024 | $19,969 | $2,088,000 | $543,600 | $1,544,400 |
| 2023 | $18,145 | $2,076,000 | $533,600 | $1,542,400 |
| 2022 | $17,654 | $1,751,300 | $481,800 | $1,269,500 |
| 2020 | $17,265 | $1,440,000 | $450,900 | $989,100 |
| 2019 | $12,570 | $1,035,000 | $296,800 | $738,200 |
| 2018 | $12,990 | $988,000 | $369,100 | $618,900 |
| 2017 | $11,150 | $853,000 | $250,900 | $602,100 |
| 2016 | $9,503 | $763,000 | $209,100 | $553,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/24/2025 11/24/25 | Pending | -- | -- | -- |
| 11/18/2025 11/18/25 | For Sale | $4,199,900 | -- | $329 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2456005
APN: 00373000700101
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Based on information submitted to the MLS GRID
- 306 Poppy Rd
- 525 192nd Place SE
- 18517 1st Ave SE
- 19112 Meridian Dr SE Unit CW 01
- 19220 Meridian Dr SE Unit CW 08
- 19221 Meridian Dr SE Unit CW 16
- 18627 Meridian Place W
- 18425 Meridian Ave SE Unit CR 26
- 18510 Meridian Ave SE Unit CR 02
- 18504 Meridian Ave SE Unit CR 01
- 18518 Meridian Ave SE Unit CR 03
- 18421 Meridian Ave SE Unit CR 27
- 10 Meridian Ave SE Unit CR 09
- 19228 Meridian Dr SE Unit CW 10
- 326 182nd Place SE
- 603 194th Place SE
- 324 182nd Place SE
- 19224 Meridian Dr SE Unit CW 09
- 310 182nd Place SE
- 229 182nd Place SE
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