Refine Search
Map
Sort by
$4,850,000
2555393 MLS ⋅ ACTIVE Status
The Cove Apartments offers investors a compelling combination of strong in-place cash flow, recent capital improvements, and long-term upside in the growing Marysville market. The property has benefited from significant interior and exterior upgrades, including renovated apartment homes, in-unit washers and dryers in every unit, fresh exterior paint, updated signage, and ample on-site parking, creating a low-maintenance investment that continues to attract tenant demand. Currently operating at a strong 6.91% in-place cap rate, The Cove delivers exceptional day-one returns while offering future rental growth potential. Its functional unit mix, proven operational performance, and recent improvements provide stability and long-term value appreciation. Conveniently located near Interstate 5, State Route 529, and State Route 9, residents enjoy easy access to major employment centers throughout Snohomish County and the greater Seattle area. Supported by strong population growth, expanding infrastructure, limited multifamily supply, and sustained economic investment across the North Puget Sound region, The Cove Apartments represents an outstanding opportunity to acquire a well-positioned, income-producing asset with both immediate cash flow and long-term investment potential.

7234 47th Avenue NE, Marysville

Listing courtesy of Paragon Real Estate Advisors.

$7,150,000
2555202 MLS ⋅ ACTIVE Status
The Nyland Apartments, a 19-unit multifamily investment opportunity located in highly desirable Edmonds, Washington. Completed in 2021, this charming residential community offers investors the rare chance to acquire a newly constructed property in one of the Puget Sound's most coveted and supply-constrained submarkets. The property sits on approximately one acre of land (51,000+ square feet) zoned for multifamily use, providing long-term flexibility and redevelopment potential in a rapidly growing suburban environment. The Nyland Apartments feature spacious units averaging 783 square feet with high-end interior finishes including: stainless steel appliances, granite countertops, vinyl flooring, and marble-inspired surfaces throughout. Residents benefit from modern living amenities such as air conditioning, in-unit washer and dryer, walk-in closets, and private patios or balconies compelling opportunity for investment.

8509 244th Street SW, Edmonds

Listing courtesy of The Preview Group.

$3,600,000
2514556 MLS ⋅ ACTIVE Status
There are 20 generously sized 1 BR units plus 2 studio units for a total of 22 units. The studio units are the non conforming units and were recreation rooms before being made into studios over 30 years ago. Each unit has one tuck under parking space and a storage unit. Laundry is located in two laundry rooms, one in each building. See attached docs for seller disclosure. There are 24 under building parking stalls and storage units. New roof within last 3 years completely redone with PVC roofing material with new insulation and plywood!

1902 -1904 W Casino Road, Everett

Listing courtesy of Windermere Real Estate GH LLC.

$7,300,000
2505434 MLS ⋅ ACTIVE Status
Portage Creek Apartments is a well-maintained 28-unit property located in Arlington, offering investors immediate rent growth with minimal execution risk. It has benefited from significant capital improvements, with 24/28 units already renovated featuring updated flooring, paint, cabinets, and CT. In addition, the exterior has been recently repainted, enhancing curb appeal and reinforcing the asset’s strong physical condition. Despite these upgrades, in-place rents remain below market, providing a clear opportunity to increase revenue without the need for further interior renovations. All units include in-unit W/D and feature large floor plans averaging 1,009 SF, a compelling differentiator in the local rental market. The unit mix is further enhanced by value-added amenities, including several units with attached garages and a total of 14 garages on site, 2 of which are currently utilized by ownership and offer immediate incremental income potential. Most units also feature expansive private decks, adding an outdoor living space that supports tenant retention and higher market rents. With a strong renovation base already in place, investors can focus on mark-to-market rent growth, selective completion of remaining upgrades if desired, and long-term optionality through future redevelopment potential via the excess parking area. Collectively, these attributes position the property as a high-quality asset with multiple, low-friction avenues for income growth and appreciation.

21125 81st Street NE, Arlington

Listing courtesy of Northmarq Multifamily, LLC.

$7,000,000
2495756 MLS ⋅ ACTIVE Status
Newly available in a highly desirable Edmonds. Inquire about possible seller financing. 12 townhomes priced well below replacement cost at $338 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.

16415 48th Avenue W, Edmonds

Listing courtesy of Specialty Real Estate Group.

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.