Five-Unit Apartment Building with In-Unit
218 10th St, Snohomish, WA 98290
For Sale
$1,550,000
Five-unit apartment building with in-unit washers and dryers, private outdoor decks or patios, and off-street parking.
Property Size4,940 SF
Price / SF$313.77
Days on Market101
Property Features for 218 10th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
in-unit washer & dryer
dishwasher
disposal
wood-burning fireplace
private deck/patio
off-street parking
exterior storage locker
Building Details
Year Built
Year Renovated
Listing Agency:
Blake Investment Advisors
Listed By:
Gabe Blake
(206) 618-2207
Source:
Lifestylehomeswithmel
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 7 at 5:08PM
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 Blake Investment Advisors
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Investment Insights
Based on property information with market context.
Five-Unit Apartment Building offering comfortable two-bedroom, one-bath layouts. Each unit includes approximately 988 SF of living space and features in-unit washers and dryers, dishwashers, disposals, and wood-burning fireplaces. Residents also benefit from private decks or patios, off-street parking stalls, and large exterior storage lockers.
Built in 1977, the property has completed notable capital improvements over the past five years. Updates include a new composition roof, Hardie plank siding, Milgard double-pane vinyl windows, and new deck coatings, all completed in 2021.
The combination of a consistent unit layout, in-unit laundry, and outdoor private space supports everyday livability while maintaining a manageable size for ownership and operations.
Built in 1977, the property has completed notable capital improvements over the past five years. Updates include a new composition roof, Hardie plank siding, Milgard double-pane vinyl windows, and new deck coatings, all completed in 2021.
The combination of a consistent unit layout, in-unit laundry, and outdoor private space supports everyday livability while maintaining a manageable size for ownership and operations.
Key Highlights
- Five units with two‑bedroom, one‑bath layouts
- In‑unit washers and dryers plus dishwashers and disposals
- Private decks or patios and large exterior storage lockers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,889
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,780
$1.5M
Cap Rate 7%
$1,055,557
$1.1M
Cap Rate 9%
$820,989
$821.0K
Market Conditions
NOI Build-Up for 4,940 SF
Gross rent
$145.2K $29.40/SF
− Vacancy
−$10.9K −$2.21/SF
EGI
$134.3K $27.20/SF
− OpEx
−$60.5K −$12.24/SF
NOI
$73.9K $14.96/SF
Area
Snohomish County, WA
Vacancy
7.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,780
Cap Rate 7%
$1,055,557
Cap Rate 9%
$820,989
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$923.6K – $1.23M
NOI $73,889 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,438 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
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Business Placement
Demographics for 98290, WA
37,535
Population
15,348
Households
2.4
Avg Household Size
42
Median Age
38%
College-Educated
95%
High-School Grad
117.5 sq mi
ZIP Area
319
Density / Sq Mi
$129,656
Median Household Income
$68,573
Median Earnings
$1,591
Median Rent
$717,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Snohomish County, WA
Properties on Market for Apartment buildings in Snohomish County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building with in-unit washers and dryers, private outdoor decks or patios, and off-street parking.
Where is this apartment building located?
The property is located at 218 10th St Snohomish, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Five units with two‑bedroom, one‑bath layouts; In‑unit washers and dryers plus dishwashers and disposals; Private decks or patios and large exterior storage lockers
