Two-Unit Duplex with Wooded
17007 W Lake Goodwin Road, Stanwood, WA 98292
For Sale
$749,950
Two single-level residences offer open layouts, individual garages, and wooded outdoor surroundings near Lake Goodwin.
Property Size2,400 SF
Lot Size1.67 Acres
Price / SF$312.48
Days on Market31
Property Features for 17007 W Lake Goodwin Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Stories
Listing Agency:
Elite Edge Real Estate, Inc
(360) 755-9494
Listed By:
Ron D. Van Pelt · License #25470
(360) 333-1045
Source:
Dalewalters
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 7 at 4:47PM
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 Elite Edge Real Estate, Inc
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Investment Insights
Based on property information with market context.
This duplex contains two single-level units totaling 2,400 square feet. Each residence has two bedrooms and 1.75 baths, along with an open floor plan, dining area, oak kitchen with an eating bar, and generous storage. Primary bedrooms include double sinks and walk-in closets. Gas forced-air heat serves both units, and each has a single-car garage. Built in 1997, the property has been updated, and the units are in very good condition.
Set on 1.67 wooded acres near Lake Goodwin, the property includes sunny yard areas beside wooded land with trails. Lake Goodwin is within walking distance.
Set on 1.67 wooded acres near Lake Goodwin, the property includes sunny yard areas beside wooded land with trails. Lake Goodwin is within walking distance.
Key Highlights
- Two duplex units, each with 2 bedrooms and 1.75 baths
- 2,400‑square‑foot building on 1.67 wooded acres
- Each residence has a single‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,008
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,160
$800.2K
Cap Rate 7%
$571,543
$571.5K
Cap Rate 9%
$444,533
$444.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$60.5K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$57.2K $23.81/SF
− OpEx
−$17.1K −$7.14/SF
NOI
$40.0K $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%
$800,160
Cap Rate 7%
$571,543
Cap Rate 9%
$444,533
Alternative Uses
Best Use
Multifamily LT 5
$571.5K
$500.1K – $666.8K
NOI $40,008 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$512.8K
$448.7K – $598.3K
NOI $35,897 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$669.3K
$585.7K – $780.9K
NOI $46,852 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
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Business Placement
Demographics for 98292, WA
24,098
Population
10,110
Households
2.4
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
76.8 sq mi
ZIP Area
314
Density / Sq Mi
$101,161
Median Household Income
$58,585
Median Earnings
$1,691
Median Rent
$610,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two single-level residences offer open layouts, individual garages, and wooded outdoor surroundings near Lake Goodwin.
Where is this duplex located?
The property is located at 17007 W Lake Goodwin Road Stanwood, WA.
What is the asking price?
The asking price for this property is $749,950.
What are key features of this property?
This property features: Two duplex units, each with 2 bedrooms and 1.75 baths; 2,400‑square‑foot building on 1.67 wooded acres; Each residence has a single‑car garage
