5113 S 4th Avenue, Everett, WA 98203
- $725,000
- 2,312
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $725,000
- Status
- ACTIVE
- MLS#
- 2544459
- Days on Market
- 68
- Style
- 52 - Duplex
- Finished SqFt
- 2,312
- Area Total SqFt
- 2312
- Annual Tax Ammount
- 5037
- Lot Size (sq ft)
- 6,534
- Sewer
- Sewer Connected
Property Description
Turnkey duplex with side-by-side units in Everett's Lowell neighborhood offering mountain, river, and territorial views in a private, peaceful setting. Each unit features 2 bedrooms, 2 bathrooms, and 1,156 sq ft of thoughtfully designed living space with updated kitchens, private washer and dryer, thermal windows, two private decks, outdoor storage, plus a separate larger storage area below that could be finished or used for hobbies or a workspace. Both long-term tenants are on month-to-month leases, generating $4,050 per month in gross rental income and a 5.61% cap rate based on current rents and operating expenses. The property offers low vacancy history and potential for additional rent upside. Owner occupants can live in one unit while offsetting their mortgage with rental income. Additional parking in the rear accommodates 3 to 4 vehicles with potential RV or boat storage. Unit B will be available August 1st, making this an attractive opportunity for an owner-occupied buyer.
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Additional Information
- List Date
- 2026-06-24 22:28:12
- Community
- Lowell
- Net Operating Income
- $40,643
- Gross Adjusted Income
- $46,800
- Gross Scheduled Income
- $48,600
- Total Monthly Income
- $3,900
- Insurance Expenses
- $1,128
- Water/Sewer/Garbage Expenses
- $1,792
- Gross Rent Multiplier
- 14.92
- Total Expenses
- $7,957
- Cap Rate
- 5.61
- Total Number of Units
- 3
- Unit Name
- 5113
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1979
- View
- Mountains, River, Territorial
- Roof
- Composition
- Site Features
- Deck
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Lowell Elem
- Middle School
- Evergreen Mid
- High School
- Everett High
- Total Monthly Income
- $3,900
- Gross Scheduled Income
- $48,600
- Gross Adjusted Income
- $46,800
- Tax Year
- 2025
- Insurance Expense
- $1,128
- W/S/G Expenses
- $1,792
- Total Expenses
- $7,957
- Net Operating Income
- $40,643
- Gross Rent Multiplier
- 14.92
- Cap Rate
- 5.61
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.