514 124th Place SW Unit #1-4, Everett, WA 98204
- $1,115,000
- 3,568
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $1,115,000
- Status
- ACTIVE
- MLS#
- 2577015
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,568
- Area Total SqFt
- 3568
- Annual Tax Ammount
- 8757
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
Fully leased 1978 four plex. Four identical 2 bedroom, 1 bath units at 892 square feet each, all on 12 month term leases with staggered expirations into 2027.Eleven parking spaces on a 9,583 square foot lot, four of them covered carports with storage, which is close to three spaces per unit. On site coin laundry adds $200 a month on top of rent. Units are separately metered and tenants pay their own electricity and garbage.Two paths to higher income for the next owner. One unit rents $250 a month under the two identical units beside it. Water and sewer are still owner paid while comparable buildings in this pocket already bill it back.Wood frame on poured concrete and slab, two stories, 3,568 square feet. Baseboard and wall heat. Deck, patio, partially fenced, mountain view. Dead end street.Minutes to Interstate 5, the Mariner Park and Ride, and the Boeing Everett campus at Paine Field. Rent roll, leases and expense detail available on request.
/u.realgeeks.media/stevenhume/header.png)
Additional Information
- List Date
- 2026-09-03 03:15:14
- Community
- Mukilteo
- Net Operating Income
- $69,034
- Gross Adjusted Income
- $87,000
- Gross Scheduled Income
- $87,000
- Total Monthly Income
- $7,250
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $5,243
- Gross Rent Multiplier
- 12.82
- Total Expenses
- $17,966
- Cap Rate
- 6.19
- Total Number of Units
- 4
- Unit Name
- 514
- Potential Terms
- Cash, Conventional
- Year Built
- 1978
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully
- Electric Expenses
- 965
- Energy Source
- Electric
- School District
- Mukilteo
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,250
- Gross Scheduled Income
- $87,000
- Gross Adjusted Income
- $87,000
- Tax Year
- 2026
- Insurance Expense
- $3,000
- W/S/G Expenses
- $5,243
- Total Expenses
- $17,966
- Net Operating Income
- $69,034
- Gross Rent Multiplier
- 12.82
- Cap Rate
- 6.19
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.