218 10th Street, Snohomish, WA 98290
- $1,550,000
Listing courtesy of Blake Investment Advisors.
- List Price
- $1,550,000
- Status
- ACTIVE
- MLS#
- 2525343
- Days on Market
- 68
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Annual Tax Ammount
- 13698
- Lot Size (sq ft)
- 14,810
- Sewer
- Sewer Connected
Property Description
The 10th Street Apartments is a cash-flowing 5-unit multifamily investment opportunity in the charming, historical city of Snohomish, WA. The property features a highly desirable unit mix and full amenity packages, with each unit offering two bedrooms, one bathroom, 988 square feet of living space, in-unit washers & dryers, dishwashers, disposals, wood-burning fireplaces, private decks/patios, off-street parking stalls, and large exterior storage lockers. Over the past five years, the property has undergone significant capital improvements, including a new composition roof, Hardie plank siding, Milgard double-pane vinyl windows, and new deck coatings, all completed in 2021. Ask listing agent for marketing brochure!
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Additional Information
- List Date
- 2026-05-20 03:13:12
- Community
- Snohomish
- Net Operating Income
- $81,888
- Gross Adjusted Income
- $108,015
- Gross Scheduled Income
- $113,700
- Total Monthly Income
- $10,838
- Insurance Expenses
- $5,473
- Water/Sewer/Garbage Expenses
- $13,486
- Gross Rent Multiplier
- 13.63
- Total Expenses
- $42,486
- Cap Rate
- 5.28
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 218
- Potential Terms
- Conventional
- Year Built
- 1977
- Roof
- Composition
- Other Expenses
- 9829
- Energy Source
- Electric
- School District
- Snohomish
- Total Monthly Income
- $10,838
- Gross Scheduled Income
- $113,700
- Vacancy Rate
- 5
- Gross Adjusted Income
- $108,015
- Tax Year
- 2026
- Insurance Expense
- $5,473
- W/S/G Expenses
- $13,486
- Total Expenses
- $42,486
- Net Operating Income
- $81,888
- Gross Rent Multiplier
- 13.63
- Cap Rate
- 5.28
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.