830 2nd Street, Snohomish, WA 98290
- $1,800,000
Listing courtesy of Dave Nelson Real Estate.
- List Price
- $1,800,000
- Status
- ACTIVE
- MLS#
- 2547398
- Days on Market
- 27
- Annual Tax Ammount
- 16418.33
- Short Sale
- Yes
Property Description
Exceptional mixed-use investment opportunity in the heart of historic downtown Snohomish. This income-producing property features a well-maintained commercial building offering approximately 2,393 square feet of office space, 1,163 square feet of warehouse space, and 313 square feet of additional storage with convenient rear garage-door access. Above the commercial space are two 900 square foot residential apartments, creating a diverse income stream. The property also includes an updated 1,247-square-foot house originally built in 1910, offering flexibility for continued residential use, office occupancy, or future repositioning. Located on desirable 2nd Street with both street parking and on-site parking available, the property benefits from strong visibility and walkability within downtown Snohomish. Currently fully leased and generating approximately $12,759 per month in rental income, priced at a 6.6% cap rate, this is a rare opportunity to acquire a stabilized mixed-use asset in one of Snohomish County's most sought-after historic downtown districts.
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Additional Information
- Community
- Snohomish
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1935
- # of Assigned Spaces
- 12
- Roof
- Torch Down
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Vinyl Plank, Carpet
- Driving Directions
- From I-5 Take the exit for Hwy 2. Head East on Hwy 2. At the Hwy 9 Junction, head south on Hwy 9. Exit onto 2nd St. Head East on 2nd. Property on the left.
- Other Expenses
- 14386
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $119,436
- Gross Adjusted Income
- $153,108
- Gross Scheduled Income
- $153,108
- Cap Rate
- 7
- Total Expenses
- $33,895
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