Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic "sweat equity" opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings...buyer to verify to their own satisfaction. Coin operated laundry.
Listing Provided Courtesy of Dan Gunderson, Windermere Real Estate M2 LLC
General Information
NWM2388279
Multi Family
11
DOM
9583.2 SqFt
4100
1910
Multi-F
Snohomish
Jackson Elem
North Mid
Everett High
Residential Incom
Multi Family
Listing Provided Courtesy of Dan Gunderson, Windermere Real Estate M2 LLC
Krishna Realty data last checked: Jun 16, 2025 20:47 | Listing last modified Jun 05, 2025 22:25,
Source:
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Residence Information
4100
Composition
54 - 4-Plex
1910
Pillar/Post/Pier, Po
Coin Op Laundry
Features and Utilities
Laminate
Wood
Public
Sewer Connected
0
Financial
9103
Cash Out, Conventional
06-05-2025
Comparable Information
11
11
Cash Out, Conventional
$1,300,000
$1,300,000
Jun 05, 2025 22:25
Schools
Elementary : Jackson ElemN/ARatings Middle : North Mid N/ARatings High : Everett HighN/ARatings
Map
Listing courtesy of Windermere Real Estate M2 LLC.
Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic "sweat equity" opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings...buyer to verify to their own satisfaction. Coin operated laundry.
