5005 88th Street NE, Marysville, WA 98270
- $1,450,000
- 2,800
- SqFt
Listing courtesy of KW North Sound.
- List Price
- $1,450,000
- Status
- ACTIVE
- MLS#
- 2508656
- Days on Market
- 103
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,800
- Area Total SqFt
- 2800
- Annual Tax Ammount
- 7250
- Lot Size (sq ft)
- 30,928
- Sewer
- Sewer Connected
Property Description
Investor Alert! Well-maintained and freshly painted 4-plex in desirable Marysville with a strong rental history and consistently low vacancy. Property features two separate buildings, each with two units, offering excellent tenant appeal and added privacy. A private driveway leads to the property, creating a quiet, tucked-away setting. Each unit offers a functional and efficient layout with 2 bedrooms and 1 full bath. Spacious living areas flow easily into bright kitchen spaces, maximizing usability and comfort. In-unit washer and dryer provide convenience, while individual carports and additional storage add to long-term tenant satisfaction.Tenants enjoy generous outdoor space, including good-sized lawns and separation between units that enhances privacy—rare for multi-family properties. Ideally located near shopping, dining, schools, and major commuter routes, making it a highly attractive and stable investment. Turnkey opportunity with solid income potential in a growing area.
Additional Information
- List Date
- 2026-04-16 14:40:11
- Community
- Central Marysville
- Net Operating Income
- $49,478
- Gross Adjusted Income
- $78,380
- Gross Scheduled Income
- $78,380
- Total Monthly Income
- $6,550
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $8,214
- Gross Rent Multiplier
- 18.5
- Total Expenses
- $28,901
- Cap Rate
- 3.4
- Total Number of Units
- 4
- Unit Name
- 5005
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1969
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio
- Other Expenses
- 10437
- Energy Source
- Electric
- School District
- Marysville
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,550
- Gross Scheduled Income
- $78,380
- Gross Adjusted Income
- $78,380
- Tax Year
- 2025
- Insurance Expense
- $3,000
- W/S/G Expenses
- $8,214
- Total Expenses
- $28,901
- Net Operating Income
- $49,478
- Gross Rent Multiplier
- 18.5
- Cap Rate
- 3.4
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.