Everett, WA 98204 514 124th Place SW # 1-4
$895,000
Pending
12 more
Presented By: Real Property Associates and NWMLS
- MLS# 2422765
- 08/18/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,568
Home Details
This well-maintained multifamily investment opportunity is located minutes from I-5, Park-n-Ride, and Boeing. Walking distance to shopping and restaurants. Built in 1978, Unit 1 & 4 have been fully renovated, Unit 2 interior paint & flooring, Unit 4 has long term tenant. Each unit has 2 bed, 1 bath. Each unit comes with covered parking and storage in carport. All units are on 12 month term leases. All rents are close to market value & rent increases each year.
Presented By: Real Property Associates and NWMLS
Interior Features for 514 124th Place SW # 1-4
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 514 124th Place SW # 1-4
Assoc Fee Paid PerNot Applicable
Building Area UnitsSquare Feet
Cap Rate7.1
Carport Spaces4
Carport Y/NNo
CityEverett
CoolingNone
CountySnohomish
DirectionsGPS – From I-5 head west on 128th St. SW, turn right on to 4th Ave. W, at the second light turn left on 124th St. SW, left at 5th Ave. W and finally right onto 124th Pl. SW. Building on the left.
Electric Expense965.67
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Wall Unit(s)
High SchoolBuyer To Verify
High School DistrictMukilteo
Insurance Expense3000
Leasable Area3568
Listing TermsCash Out, Conventional, FHA
Lot Size Square Feet9583
Lot Size UnitsSquare Feet
MLS Area740 – Everett/Mukilteo
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-10T20:29:12.206Z
NWM_ShowMapLinkY
Net Operating Income64164
New ConstructionNo
Number Of Units Total4
Open Parking Spaces7
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family, Residential
Property ConditionGood
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThis well-maintained multifamily investment opportunity is located minutes from I-5, Park-n-Ride, and Boeing. Walking distance to shopping and restaurants. Built in 1978, Unit 1 & 4 have been fully reno
RoofFlat, Shake
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeQuadruplex
Subdivision NameMariner
Tax Annual Amount8827
Tax Year2025
Unit Number1-4
Units Below Gradefalse
Units In Building Total4
ViewMountain(s)
Water CompanyAlderwood Water Dist
Water Sewer Garbage5243.8
Year Built1978
Zoning DescriptionMulti-Family, Residential
Exterior for 514 124th Place SW # 1-4
Building Area Total3568
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsPoured Concrete, Slab
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
Lot Size Acres0.22
Parking Uncovered Spaces7
Site FeaturesCable TV, Deck, Fenced-Partially, Patio
Total Parking11
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
Josh QA1
REALTOR ® SRES ®