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    7111 47Th Ave NE Marysville, WA 98270

    For Sale
    $4,350,000

    Fully occupied multifamily property with significant income potential in Marysville.

    Building Details

    Year built
    1967

    Source: JOHN L. SCOTT - MUKILTEO Agent JESI WILLIAMS

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

    Overview

    Marysville Multifamily Investment Opportunity

    The property is a multifamily investment opportunity located in Marysville, WA. Financial data from 2023 is not indicative of the property's current situation due to market changes following the end of the eviction moratorium. Nonpayment issues have been addressed, and the property is now fully occupied. The property started utilizing utility buy backs mid-year to add extra income. Most of the units are currently under market rent, presenting income potential if adjusted to market rates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fiesta Manor Apartments Apartment Building His Excellency Farms Farm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Snohomish
    State
    Washington
    Longitude
    -122.1669217
    Latitude
    48.0605036

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied multifamily property with significant income potential in Marysville.
    Where is this apartment building located?
    The property is located at 7111 47Th Ave NE Marysville, WA.
    What is the asking price?
    The asking price for this property is $4,350,000.
    What are key features of this property?
    This property features: - Property is currently fully occupied.; - Nonpayment issues have been successfully addressed.; - Opportunity to increase income by adjusting units to market rent.
    Request Owner's contact information
    7111 47Th Ave NE Marysville, WA 98270
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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
    7111 47Th Ave NE Marysville, WA 98270
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