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About the Listing 4484 - 107118
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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
2544459
Year Built
1979
Total Square Footage
2,312
Lot/Acreage
0.15
County
Snohomish
Neighborhood
Lowell
School District
Everett
Elementary School
Lowell Elementary
Middle School
Evergreen Middle
High School
Everett High
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Paved,Secluded,Deck
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof: Composition
- Others: Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $5,037
- Taxes w/Assessments: N/A
- Tax/Property ID: 00500301600700
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
5113 S 4th Ave Everett, WA 98203
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