Listed by Northmarq Multifamily, LLC
$8,100,000
PENDING

700 W Maple St Monroe, WA 98272

Estimated payment $46,375/month

Total Views 2,913
65 Beds
37 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 2.05 Acre Lot
  • Cul-De-Sac
  • Vinyl Plank Flooring
  • No HOA
  • Patio
  • Baseboard Heating

About This Home

We are pleased to present the Parkside Apartments, a 29-unit multifamily community located in Monroe, WA. It offers a balanced mix of 1-, 2-, and 3-BD floorplans, averaging 908SF. Each residence is equipped with in-unit W/D, with many units upgraded to include SS appliances, granite CT, LVP flooring, and other modern finishes. The property is situated on a large 89,298SF parcel, providing residents with a lower-density living environment and ample on-site parking. It has been well maintained and is currently achieving strong operating performance, with average rents of $2,007 and positive T12, T6, and T3 trends. This consistent operational trajectory underscores the property’s strong positioning within the Snohomish County rental market.

Listing Agent

Brendan Greenheck

Northmarq Multifamily, LLC License #22004896 Listed on: 09/17/2025

Co-Listing Agent

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2434987

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $55,762

Year Built

  • Built in 1982

Lot Details

  • 2.05 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • 27060100202400
  • Property is in very good condition

Home Design

  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Flooring

  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 65 Bedrooms
  • 37 Bathrooms

Parking

  • 40 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Patio

Community Details

  • No Home Owners Association
  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27060100202300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$55,762

Year Built

Built in 1982

Lot Details

2.05 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1982
  • MLS Status: Pending Inspection
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 65
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Playground

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Concrete Ribbon
  • Property Condition: Very Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 40

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • WaterCompany: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Monroe

Lot Info

  • Parcel Number: 27060100202300
  • Lot Size Acres: 2.05
  • Lot Size Sq Ft: 89298
  • Additional Parcels Description: 27060100202400
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio,Shop
  • MLSLotSizeSource: Snohomish County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.6
  • LeasedItems: None
  • TotalMonthlyIncome: 60951

Tax Info

  • Year: 2025
  • Tax Annual Amount: 55762

Multi Family

  • Number Of Units Total: 29
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

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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 $41,300 $5,111,000 $1,012,900 $4,098,100
2024 $41,300 $5,111,000 $994,100 $4,116,900
2023 $30,213 $4,056,000 $911,100 $3,144,900
2022 $31,303 $3,352,000 $718,100 $2,633,900
2020 $21,125 $2,180,000 $552,400 $1,627,600
2019 $20,518 $2,090,000 $457,400 $1,632,600
2018 $24,204 $2,020,000 $424,700 $1,595,300
2017 $19,471 $1,700,000 $424,700 $1,275,300
2016 $18,917 $1,520,000 $392,000 $1,128,000
2015 $18,784 $1,420,000 $392,000 $1,028,000
2013 $17,354 $1,200,000 $392,000 $808,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2025 11/05/25 Pending -- -- --
09/17/2025 09/17/25 For Sale $8,100,000 0.0% --
06/10/2025 06/10/25 Off Market -- -- --
04/01/2025 04/01/25 Price Changed $2,435 -- $3 / Sq Ft
02/07/2025 02/07/25 For Rent -- -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2434987

Northwest Multiple Listing Service (NWMLS)
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