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    Monroe, WA Apartment Buildings for Sale

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    Renovated Multifamily Asset in Monroe
    Updated: Apr 24, 2025
    Renovated Multifamily Asset in Monroe

    524 Terrace St, Monroe, WA 98272

    $6,210,000
    20,320 sqft
    Fully renovated in 2023‑2024 with modern finishes and appliances.
    Immediate cash flow.
    Zero deferred maintenance.
    High‑quality multifamily asset.
    Well‑located in a high‑demand commuter submarket.
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    This listing looks promising.

    Here's a quick look at some key insights for

    524 Terrace St, Monroe, WA 98272

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    • Est. Cap Rate

      4.9%
      NOI ÷ price

    • Est. NOI

      $304K
      Annual

    • Price @ 7% Cap

      $4.34M
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1991
    View Property Analytics
    Multifamily Property with 18 Units
    Updated: May 9, 2025
    Multifamily Property with 18 Units

    520 South Kelsey Street, Monroe, WA 98272

    $5,200,000
    1,338 sqft
    Multifamily property with 18 units.
    Price per unit: $288,889.
    Built in 1989.
    View details
    29-Unit Multifamily Community in Monroe
    29-Unit Multifamily Community in Monroe

    0 700 W Maple St, Monroe, Monroe, WA 98272

    $8,100,000
    26,400 sqft

    Well-maintained 29-unit apartment community with modern upgrades and strong performance.

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    Mixed-Use Investment in Historic Downtown
    Mixed-Use Investment in Historic Downtown

    148 Woods St, Monroe, WA 98272

    $1,100,000
    5,659 sqft

    Fully rented commercial space with residential units near historic district.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 4 Active listings in Monroe, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multifamily Apartment Building
    Multifamily Apartment Building

    1205 Casino Rd, Everett, WA 98204

    $10,500,000

    Well-maintained multifamily property with spacious two- and three-bedroom units and in-unit washer and dryer.

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    Renovated 13-Unit Apartment Building
    Renovated 13-Unit Apartment Building

    225 164th St SE, Bothell, WA 98012

    Contact for pricing

    Eastwood Apartments is a 13-unit community built in 1989 and renovated in 2022.

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    Mixed-Use Asset in Everett Core
    Mixed-Use Asset in Everett Core

    2011 Madison St, Everett, WA 98203

    $998,000

    Mixed-use property with development potential in a revitalizing urban area.

    View details
    21-Unit Apartment Building
    21-Unit Apartment Building

    1419 183rd St SE, Bothell, WA 98012

    Contact for pricing

    One-, two-, and three-bedroom units feature air conditioning, in-unit laundry, open layouts, and attached garage storage.

    View details

    Off-Market Properties in Monroe, WA

    Consider similar Off-Market properties in Monroe, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    18727 Blueberry Ln
    APARTMENT HOUSE (100+ UNITS)

    18727 Blueberry Ln, Monroe, WA 98272-1436

    Value Estimation by Request
    12,264 sqft 10.33 AC lot
    View details
    500 Fremont St
    APARTMENT HOUSE (100+ UNITS)

    500 Fremont St, Monroe, WA 98272-2363

    $2,920,000
    Estimated value
    30,282 sqft 8.76 AC lot
    View details
    18463 Blueberry Ln
    APARTMENT HOUSE (100+ UNITS)

    18463 Blueberry Ln, Monroe, WA 98272-1318

    $4,885,000
    Estimated value
    52,000 sqft 10.41 AC lot
    View details

    Monroe, WA Apartment Buildings Market Trends and Statistics

    Explore 7 apartment buildings for sale in Monroe, WA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 53,717 square feet of properties for sale, with an estimated market value of $20,610,000.

    Sale prices for two-family homes in Monroe, WA start at $1,100,000, averaging $5,152,500, and reaching up to $8,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 32K
    Population Growth (5Y) +2.0%
    Median Household Income $115,894
    College Educated 36.8%

    High-Yield Neighborhoods for Investment

    Identify Monroe submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98272 $5.1M

    Taxes & Financing

    Tax Rate (average for all types) 0.75%
    Property Tax per SF $4.68 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Monroe fall within the 10,000 to 25,000 square foot range.

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