2424 99th Avenue NE, Lake Stevens, WA 98258
- $870,000
- 2,400
- SqFt
Listing courtesy of Real Residential.
- List Price
- $870,000
- Status
- ACTIVE
- MLS#
- 2549662
- Days on Market
- 19
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,400
- Area Total SqFt
- 2400
- Annual Tax Ammount
- 6287.57
- Lot Size (sq ft)
- 18,295
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-07-07 15:43:13
- Community
- Lake Stevens
- Net Operating Income
- $54,494
- Gross Adjusted Income
- $67,200
- Gross Scheduled Income
- $67,200
- Total Monthly Income
- $5,600
- Insurance Expenses
- $3,592
- Water/Sewer/Garbage Expenses
- $2,431
- Gross Rent Multiplier
- 12.94
- Total Expenses
- $12,705
- Cap Rate
- 6.26
- Total Number of Units
- 2
- Unit Name
- 2424
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1991
- Roof
- Composition
- Site Features
- Fenced-Fully
- Electric Expenses
- 394
- Energy Source
- Electric
- School District
- Lake Stevens
- Total Monthly Income
- $5,600
- Gross Scheduled Income
- $67,200
- Gross Adjusted Income
- $67,200
- Tax Year
- 2025
- Insurance Expense
- $3,592
- W/S/G Expenses
- $2,431
- Total Expenses
- $12,705
- Net Operating Income
- $54,494
- Gross Rent Multiplier
- 12.94
- Cap Rate
- 6.26
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.