Browse All Lake Stevens WA Multi-Family Properties for Sale

Hard-to-find, leased duplex offering immediate income and strong investment potential! Gross annual income of $59,940 with taxes/insurance of $10,331 produces an NOI of $49,609 and approx. 4.9% CAP at $999K. Current rents are $2,400 & $2,595/mo, with PM-projected market rents of $2,895/unit, offering potential for approx. 5.8% CAP at market rents. Tenants pay all utilities. Each spacious unit features 3 beds, 2.5 baths, bonus room, large dining area, gas fireplace, gas cooking/heat, 2-car garage PLUS abundant additional parking and enormous, level, fully fenced private yards—a standout feature for tenants. HardiePlank siding and fresh exterior paint. Unit A offers bamboo flooring & SS appliances; Unit B features LVP, white appliances & new cooktop. Located in the highly desirable Lake Stevens School District, walking distance to the high school and convenient to Hwy 9. Generous floorplans provide the space and functionality renters seek, while individual garages, extensive off-street parking and expansive fenced outdoor spaces help set this property apart from typical multifamily offerings. Established tenancy provides income from the start, while projected market rents offer additional upside for the future. An appealing combination of location, livability, rental demand and income potential makes this a compelling opportunity to acquire an established investment property in a sought-after Lake Stevens community.

11243 30th Street NE, Lake Stevens

Listing courtesy of Real Broker LLC.

$875,000

2563772 MLS ⋅ ACTIVE Status

Rare Lake Stevens Duplex Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex offers exceptional flexibility and value. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,400 square feet, oversized primary suites with walk-in closets, oak cabinetry, cozy gas fireplaces, and fully fenced private yards. Capital improvements provide peace of mind, including a new furnace and new water heaters, while gutter guards help minimize exterior maintenance. The right-side unit boasts an expansive backyard complete with a patio and sprinkler system—perfect for outdoor entertaining or relaxing. Ideally located within walking distance of Lake Stevens waterfront, the popular Farmers Market, and the charm of Historic Downtown Lake Stevens, this property offers an unbeatable combination of convenience, lifestyle, and strong rental appeal. A turnkey opportunity in a highly desirable location with excellent long-term investment potential.

1601 131st Drive NE, Lake Stevens

Listing courtesy of Ballpark Realty.

$850,000

2549662 MLS ⋅ ACTIVE Status

Beautifully updated duplex in a prime Lake Stevens location, offering an exceptional opportunity for investors or owner-occupants. This turnkey property boasts an impressive 6% cap rate, making it an attractive addition to any investment portfolio. Each spacious unit features a functional two-story floor plan with an open main level, including a generous living area, updated kitchen, and convenient half bath, while the upper level offers comfortable bedrooms and a full bath. Recent improvements throughout provide a fresh, modern feel, and the former carports have been converted into fully enclosed garages for added convenience, security, and storage. Each unit also enjoys a private backyard, creating a welcoming outdoor space to relax or entertain. Ideally situated just blocks from Lundeen Park, Lake Stevens, neighborhood amenities, and with easy access to I-5, Highway 9, and Frontier Village, this property offers the perfect combination of strong cash flow, modern updates, and an outstanding location.

2424 99th Avenue NE, Lake Stevens

Listing courtesy of Real Residential.

$1,050,000

2540863 MLS ⋅ ACTIVE Status

Living Large in Lake Stevens~THIS IS IT!! Shy 900 Square Foot Units~2 Beds~1 & 3/4th's Baths~Open Concept Floor Plan~All Appliances Stay~Washer & Dryer Included~Fenced Yards~Greenbelt Back Drop~Garage w/ Remotes~Rambler Style Duplex~Be the Landlord of Luxury~Add Me to Your Property Portfolio~OR...Live in one Side & let the Tenant Make your Mortgage! So many Investment Opportunities to Ponder...No Worries~Leave your Tool Belt Behind~Units have been Updated & Remodeled~Top to Bottom~Stay Home & Collect the Cash!

9010 9th Place SE, Lake Stevens

Listing courtesy of Gilpin Realty, Inc..

$1,139,050

2532828 MLS ⋅ PENDING Status

Welcome to this stunning triplex nestled in Lake Stevens on 1.61 acres! As you enter, the property features breathtaking river/valley views. Explore opportunities for investment with three rental units, all currently rented; immediate income potential. Two units offer 944sqft, two-bedroom, one-bath spaces w/ two-car carports. For the resident's convenience, separate laundry/storage are also provided. The third unit boasts 1800+sqft, two ensuites, an in-unit laundry, & office space, w/ custom features throughout! Additionally, this unit features a separate lower garage space. This property has quick access to Hwy 2/Hwy 204. Don't miss this rare opportunity to own a piece of paradise in the heart of the Snohomish Valley!

2004 Valley View Drive, Lake Stevens

Listing courtesy of Lamb Real Estate.

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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.
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Lake Stevens Multi-Family Real Estate

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