Listed by FIRST AND MAIN
$2,200,000

Estimated payment $12,817/month

Total Views 7,729
8 Beds
8 Baths
4,644 Sq Ft
$474 Price per Sq Ft

Highlights

  • 2.14 Acre Lot
  • Deck
  • Patio
  • Glenwood Elementary School Rated A-
  • No HOA
  • Vinyl Plank Flooring

About This Home

Incredible Rare Investment Opportunity on Coveted Stitch Road with all units having either a Lake or Mountain views! Two separate duplexes situated on two tax parcels, totaling 4 units & a combined 4,644 sq feet of living space. Each unit features 2 beds & 1.5 baths, for a total of 8 bedrooms and 6 bathrooms across the entire property. Set on a spacious 2.14-acre lot in one of Lake Stevens' most desirable locations, this property provides both privacy & potential. Two of the four units have been completely renovated, offering modern finishes, all ready for instant rental income. W/D hookups in unit, 5 private garages. This unique property delivers flexibility, space, and long-term upside—all in a serene and sought-after setting.

Listing Agent

Chad Foster

FIRST AND MAIN License #140027 Listed on: 05/01/2025

Co-Listing Agent

Baylee Foster

FIRST AND MAIN License #21028424

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2364173

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,390

Year Built

  • Built in 1994

Lot Details

  • 2.14 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • 00493100001702
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,644 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 10 Parking Spaces
  • 5 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Lake Stevens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00493100001701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,390

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1994
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4644
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Lake Stevens Sewer
  • WaterCompany: PUD
  • WaterSewerGarbage: 4752

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Lake Stevens

Lot Info

  • Parcel Number: 00493100001701
  • Lot Size Acres: 2.14
  • Lot Size Sq Ft: 93219
  • Additional Parcels Description: 00493100001702
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 18.7
  • LeasedItems: None
  • TotalMonthlyIncome: 9800

Multi Family

  • Gross Scheduled Income: 117600
  • Net Operating Income: 94093
  • Number Of Units Total: 4
  • Insurance Expense: 4365.24
  • Leasable Area: 4644
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 14389.69

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $6,828 $802,300 $391,400 $410,900
2024 $6,828 $743,400 $351,400 $392,000
2023 $7,077 $837,300 $431,400 $405,900
2022 $6,827 $642,600 $301,400 $341,200
2020 $6,485 $569,500 $257,400 $312,100
2019 $5,842 $502,500 $246,400 $256,100
2018 $5,535 $443,700 $201,400 $242,300
2017 $4,330 $389,100 $163,400 $225,700
2016 $3,996 $332,300 $137,700 $194,600
2015 $3,650 $280,300 $113,700 $166,600
2013 $3,351 $224,700 $95,700 $129,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $2,200,000 -- $474 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $290,000 Chicago Title
Interfamily Deed Transfer -- Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Commercial
Closed $232,000 Purchase Money Mortgage
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2364173

Northwest Multiple Listing Service (NWMLS)

APN: 004931-000-017-01