Leased Duplex with Private
For Sale
$999,900
Pending
11243 30th St NE, Lake Stevens, WA 98258
Two three-bedroom residences include garages, bonus rooms, fenced outdoor areas, and tenant-paid utilities.
Property Size3,012 SF
Days on Market48
Property Features for 11243 30th St NE
General Information
Standard status
Pending
Size
3,012 SF
Property subtype
Multi-Family
Net Operating Income
$49,609
Financials
Asking Price
$999,000
Cap Rate
4.9%
Gross Income
$59,940
Average Monthly Rent
$2,497
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
gas fireplace
gas cooking/heat
fully fenced private yards
Building Details
Year Built
2010
Buildings
1
Listed By:
Realtrua
(425) 941-2091
Source:
Realtrua
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 24 at 4:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realtrua
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Investment Insights
Based on property information with market context.
This 3,012-square-foot duplex, built in 2010, contains two leased residences with three bedrooms and 2.5 baths per unit. Both floorplans include a bonus room, generous dining area, gas fireplace, gas cooking and heating, a two-car garage, and additional off-street parking. Each residence also has a large, level, fully fenced private yard. HardiePlank siding and recently refreshed exterior paint serve the building. Unit A has bamboo flooring and stainless steel appliances, while Unit B includes LVP flooring, white appliances, and a new cooktop. Tenants pay all utilities.
The property is in the Lake Stevens School District, within walking distance of the high school and convenient to Hwy 9. Located at 11243 30th St NE in Lake Stevens, the duplex combines separate garage parking, substantial outdoor space, and established occupancy in a residential income property.
The property is in the Lake Stevens School District, within walking distance of the high school and convenient to Hwy 9. Located at 11243 30th St NE in Lake Stevens, the duplex combines separate garage parking, substantial outdoor space, and established occupancy in a residential income property.
Key Highlights
- Two leased units, each with 3 beds and 2.5 baths
- 3,012 SF duplex built in 2010
- Each unit includes a bonus room, gas fireplace, gas cooking and heat, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,209
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,180
$1.0M
Cap Rate 7%
$717,271
$717.3K
Cap Rate 9%
$557,878
$557.9K
Market Conditions
NOI Build-Up for 3,012 SF
Gross rent
$75.9K $25.20/SF
− Vacancy
−$4.2K −$1.39/SF
EGI
$71.7K $23.81/SF
− OpEx
−$21.5K −$7.14/SF
NOI
$50.2K $16.67/SF
Area
Snohomish County, WA
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,180
Cap Rate 7%
$717,271
Cap Rate 9%
$557,878
Alternative Uses
Best Use
Multifamily LT 5
$717.3K
$627.6K – $836.8K
NOI $50,209 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$643.6K
$563.1K – $750.9K
NOI $45,051 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$840.0K
$735.0K – $980.0K
NOI $58,800 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 98258, WA
51,995
Population
18,397
Households
2.8
Avg Household Size
36
Median Age
32%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
1,401
Density / Sq Mi
$120,571
Median Household Income
$63,208
Median Earnings
$2,187
Median Rent
$606,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include garages, bonus rooms, fenced outdoor areas, and tenant-paid utilities.
Where is this duplex located?
The property is located at 11243 30th St NE Lake Stevens, WA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Two leased units, each with 3 beds and 2.5 baths; 3,012 SF duplex built in 2010; Each unit includes a bonus room, gas fireplace, gas cooking and heat, and a 2‑car garage
