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    524 Terrace St Monroe, WA 98272

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    For Sale
    $6,210,000

    High-quality, fully renovated multifamily property with immediate cash flow.

    Property size:
    20,320 SF

    Property Features for 524 Terrace St

    General Information

    Standard status
    Active
    Size
    20,320 SF

    Building Details

    Year built
    1991
    Source: Corcoran

    Listing Agent: Christopher Hardman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Asset in Monroe

    A fully renovated multifamily asset is available for sale in Monroe. The property is located in a high-demand commuter submarket. It was extensively upgraded in 2023-2024 with modern finishes and appliances. The property size is 20320 square feet. The property offers immediate cash flow and has zero deferred maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Clothing Store Building Supply Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Snohomish
    State
    Washington
    Longitude
    -121.9769572
    Latitude
    47.8489549

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    FAQs

    What type of property is this?
    Apartment building - High-quality, fully renovated multifamily property with immediate cash flow.
    Where is this apartment building located?
    The property is located at 524 Terrace St Monroe, WA.
    What is the asking price?
    The asking price for this property is $6,210,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023-2024 with modern finishes and appliances.; - Immediate cash flow.; - Zero deferred maintenance.
    Request Owner's contact information
    524 Terrace St Monroe, WA 98272
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    524 Terrace St Monroe, WA 98272
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