Algona, WA 98001 116 4th Avenue S
$899,950
34 more
Presented By: John L. Scott, Inc and NWMLS
- MLS# 2427976
- 09/02/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,570
Home Details
Cash-flow from day one with this rare investment opportunity. Built in 2022, this property is low-maintenance for years to come. This home offers three distinct spaces: a main house, a fully furnished studio unit, and a versatile shop. The main house spans 2,200 square feet and features 4 bedrooms, 2.5 bathrooms and a 2-car garage. The separate studio unit is complete with its own entrance, kitchen, bathroom and laundry. Heated high-ceiling RV garage/shop spans 728 square feet, currently rented for storage. Whether you choose to rent the whole property, live in one space and rent the others, or enjoy the entire property yourself, the possibilities are endless. Solid rental history — take advantage of the best opportunity on the market!
Presented By: John L. Scott, Inc and NWMLS
Interior Features for 116 4th Avenue S
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 116 4th Avenue S
Building Area UnitsSquare Feet
Cap Rate7.67
Carport Spaces
Carport Y/NNo
CityAlgona
CoolingDuctless
CountyKing
DirectionsGPS
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingDuctless, Wall Unit(s)
High SchoolBuyer To Verify
High School DistrictAuburn
Insurance Expense800
Leasable Area3298
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet8110
Lot Size UnitsSquare Feet
MLS Area310 – Auburn
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-02T17:59:11.033Z
NWM_ShowMapLinkY
Net Operating Income69049
New ConstructionNo
Number Of Units Total3
Open Parking Spaces5
PossessionClosing
Property ConditionVery Good
Property Style53 – Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksCash-flow from day one with this rare investment opportunity. Built in 2022, this property is low-maintenance for years to come. This home offers three distinct spaces: a main house, a fully furnished
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeTriplex
Subdivision NameAlgona
Tax Annual Amount6855
Tax Year2025
Units Below Gradefalse
Units In Building Total3
Water CompanyCity of Algona
Water Sewer Garbage0
Year Built2022
Exterior for 116 4th Avenue S
Building Area Total2570
Covered Spaces5
Exterior AmenitiesCement Planked, Wood Products
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.1862
Parking FeaturesRV Parking
Parking Uncovered Spaces5
Site FeaturesFenced-Partially, RV Parking
Total Parking10
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Middle School
Buyer To Verify Middle School
Elementary School
Buyer To Verify Elementary School
Josh QA1
REALTOR ® SRES ®