$725,000
5113 S 4th Avenue, Everett, WA 98203
2,312 Sq Ft
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MLS #2544459 / Listing provided by NWMLS & eXp Realty.

$725,000

5113 S 4th Avenue
Everett, WA 98203

Active 19 hours ago
2,312
Sq Ft
$314
Per Sq Ft
1979
Year Built

Turnkey duplex with side-by-side units in Everett's Lowell neighborhood offering mountain, river, and territorial views in a private, peaceful setting. Each unit features 2 bedrooms, 1.5 baths, and 1,156 sq ft of thoughtfully designed living space with updated kitchens, private washer and dryer, thermal windows, and two private decks, each with outdoor storage, plus a separate larger storage area below that could be finished or used for hobbies or a workspace. Both long-term tenants are on month-to-month leases at $1,950 per side, generating $3,900 per month in gross income with a 5.36% cap rate and $38,843 NOI at the listed price. Investors will appreciate the stable income, low vacancy history, and below-market rent upside. Owner occupants can live on one side and let the other offset their mortgage. Additional parking in the rear accommodates 3 to 4 vehicles with potential RV or boat storage. Tenants would like to stay, making this an easy transition for the right buyer. Note: 90-day tenant notice required for owner occupancy. Extended closing available.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 4
  • Total Uncovered Parking Spaces: 4

Structure

  • Roof: Composition
  • Exterior Features: Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Paved, Secluded
  • Acres: 0.15
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Everett
  • High School: Everett High
  • Middle School: Evergreen Mid
  • Elementary School: Lowell Elem

Lot Details

  • Lot Features: Paved, Secluded
  • Acres: 0.15
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water, Sewer, and Garbage: 1792
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