Monroe, WA 98272 700 W Maple Street
$8,100,000
4 more
Presented By: Northmarq Multifamily, LLC and NWMLS
- MLS# 2434987
- 09/17/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
We are pleased to present the Parkside Apartments, a 29-unit multifamily community located in Monroe, WA. It offers a balanced mix of 1-, 2-, and 3-BD floorplans, averaging 908SF. Each residence is equipped with in-unit W/D, with many units upgraded to include SS appliances, granite CT, LVP flooring, and other modern finishes. The property is situated on a large 89,298SF parcel, providing residents with a lower-density living environment and ample on-site parking. It has been well maintained and is currently achieving strong operating performance, with average rents of $2,007 and positive T12, T6, and T3 trends. This consistent operational trajectory underscores the property’s strong positioning within the Snohomish County rental market.
Presented By: Northmarq Multifamily, LLC and NWMLS
Interior Features for 700 W Maple Street
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 700 W Maple Street
AmenitiesPlayground
Building Area UnitsSquare Feet
Cap Rate5.8
Carport Spaces
Carport Y/NNo
CityMonroe
CoolingNone
CountySnohomish
DirectionsExit 182 405 S, Exit 23A Monroe/522, Take ramp to Hwy2, R on N Kelsey ST, R on W Maple St, drive to very back building on dead end road.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictMonroe
Insurance Expense7740
Leasable Area26400
Listing TermsCash Out, Conventional
Lot Size Square Feet89298
Lot Size UnitsSquare Feet
MLS Area750 – East Snohomish County
ModificationTimestamp2025-09-17T23:06:11.306Z
NWM_ShowMapLinkY
Net Operating Income477135
New ConstructionNo
Number Of Units Total29
Open Parking Spaces40
PossessionClosing
Possible UseMulti-Family
Property ConditionVery Good
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWe are pleased to present the Parkside Apartments, a 29-unit multifamily community located in Monroe, WA. It offers a balanced mix of 1-, 2-, and 3-BD floorplans, averaging 908SF. Each residence is equip
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameMonroe
Tax Annual Amount55762
Tax Year2025
Units Below Gradefalse
Units In Building Total29
Water CompanyCity
Water Sewer Garbage58532
Year Built1982
Zoning DescriptionMulti-Family
Exterior for 700 W Maple Street
Building Area Total
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsConcrete Ribbon
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
Lot Size Acres2.05
Parking Uncovered Spaces40
Site FeaturesCable TV, Fenced-Partially, Patio, Shop
Total Parking40
Water SourceCommunity
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®