Listed by Paragon Real Estate Advisors, Bought with Bushnell Real Estate Solutions
$1,625,000
SOLD APR 21, 2025

8910 -8920 10th St NE Unit 1-6 Lake Stevens, WA 98258

West Lake Stevens Neighborhood
16 Beds
12 Baths
6,272 Sq Ft
0.3 Acres

Recently Sold

$259 Per Sq Ft

4% Below List Price

94 Days on Market

Highlights

  • 0.3 Acre Lot
  • Thermal Windows
  • Wood Siding
  • Stevens Creek Elementary School Rated A-
  • Baseboard Heating
  • 2-minute walk to Frontier Heights Park

About This Home

As of April 2025

Investment opportunity to purchase as a 6-unit apartment for immediate and long-term cash flow with upside or renovate and re-sell each townhome dwelling unit individually for near term profit. Each townhouse unit has its own parcel number, electric meter, water meter and are classified as “Common Wall Single Family Residences” (Not Condominiums). No condo paperwork required to sell off the units individually. The townhomes have 2 or 3 bedrooms with 1.5 baths, dishwashers, washer/dryers, carports and fully fenced backyards with storage sheds. It's adjacent to Frontier Heights Park and walking distance to Lake Stevens Marketplace and Frontier Village Shopping Center. The HOA provides a community center and abundant guest parking.

Last Agent to Sell the Property

Rich Walker

Paragon Real Estate Advisors License #2597

Last Buyer's Agent

Melissa Southam

Bushnell Real Estate Solutions License #98330

Bushnell Real Estate Solutions

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2298116

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,273

Year Built

  • Built in 1969

Lot Details

  • 0.3 Acre Lot
  • 006228-000-002-00,006228-000-003-00,006228-000-004-00,006228-000-005-00,006228-000-006-00

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 6,272 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Stevens Creek Elementary School
  • North Lake Mid Middle School
  • Lake Stevens Snr Hig High School

Utilities

  • Baseboard Heating

Community Details

  • Frontier Heights No. 2 Condos
  • Lake Stevens Subdivision

Listing and Financial Details

  • Tax Lot 1, 2, 3, 4, 5, and 6
  • Assessor Parcel Number 00622800000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,273

Year Built

Built in 1969

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1969
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Frontier Heights No. 2
  • New Construction: No
  • CalculatedSquareFootage: 6272
  • Special Features: None
  • Cumulative Days on Market: 74

Interior Features

  • Total Bedrooms: 16
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Clubhouse,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Lake Stevens Sewer
  • WaterCompany: PUD
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association: Yes
  • Common Interest: Multi-Family

Fee Information

  • Annual Fuel Expense: 90
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Lake Stevens
  • High School: Lake Stevens Snr Hig
  • Middle Or Junior School: North Lake Mid

Lot Info

  • Parcel Number: 00622800000100
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068
  • Additional Parcels Description: 006228-000-002-00,006228-000-003-00,006228-000-004-00,006228-000-005-00,006228-000-006-00
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • LotNumber: 1, 2, 3, 4, 5, and 6

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.02
  • LeasedItems: None
  • TotalMonthlyIncome: 11789

Multi Family

  • Gross Scheduled Income: 141468
  • Net Operating Income: 91773
  • Number Of Units Total: 6
  • Insurance Expense: 4368
  • Leasable Area: 6272
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 18273

MLS Schools

  • Elementary School: Stevens Creek Elementary

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

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Sold $1,625,000 -4.4% $259 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
12/23/2024 12/23/24 For Sale $1,700,000 0.0% $271 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $1,700,000 -- $271 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $3,029 $315,700 $203,300 $112,400
2024 $2,878 $295,300 $191,900 $103,400
2023 $2,795 $310,800 $199,500 $111,300
2022 $2,532 $231,300 $141,600 $89,700
2020 $2,272 $193,300 $116,900 $76,400
2019 $2,066 $172,300 $108,300 $64,000
2018 $1,880 $148,400 $88,400 $60,000
2017 $1,369 $120,100 $63,700 $56,400
2016 $1,384 $113,000 $58,900 $54,100
2015 $1,198 $89,700 $42,800 $46,900
2013 $859 $54,300 $30,900 $23,400
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,137,500 Construction
Previous Owner $84,500 Purchase Money Mortgage
Previous Owner $36,900 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,625,000 First American Title
Quit Claim Deed $313 None Listed On Document
Warranty Deed $636,380 First American Title Insuran
Bargain Sale Deed $338,280 Pnwt
Trustee Deed $89,380 1St American
Interfamily Deed Transfer $56,179 Pnwt
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2298116

Northwest Multiple Listing Service (NWMLS)

APN: 006228-000-001-00