Updated Duplex with Private
22615 44TH Avenue Mountlake Terrace, WA 98043
22615 44TH Avenue, Mountlake Terrace, WA, 98043
$1,320,000
For Sale
$1,320,000
Duplex with two mirror-image units, totaling six bedrooms and six bathrooms.
Property Size3,292 SF
Lot Size4.00 Acres
Price / SF$400.97
Days on Market50
Property Features for 22615 44TH Avenue
General Information
- Standard status
- Active
- Size
- 3,292 SF
- Lot size
- 4.00 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 2003
Listing agency
CENTURY 21 North Homes Realty
(206) 679-0314
Listed by
Kaitlin Teixeira
(206) 679-0314
Source
Century21northhomes
Added: Jun 4 Updated: Jul 21 at 9:21AM Checked: Jul 22 at 8:30AM
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 CENTURY 21 North Homes Realty
Investment Insights
Based on property information with market context.
This duplex features two mirror-image units, Unit A and Unit B, totaling 6 bedrooms and 6 bathrooms (2.5 per unit). The property offers a private setting behind a large driveway lined with mature evergreens.
Unit A has been updated with new flooring installed in 2025, brand-new upstairs carpet, and freshly painted walls. Unit B includes LVP flooring in great condition, upstairs carpeting, and a kitchen with additional floor-to-ceiling cabinetry for extra storage. Unit B also has a fully private covered backyard porch with a hot tub, plus two storage sheds.
Unit B is offered with major appliances including a refrigerator, washer, dryer, stove, and dishwasher. The duplex is located at 22615 44TH Avenue, Mountlake Terrace, WA 98043.
Unit A has been updated with new flooring installed in 2025, brand-new upstairs carpet, and freshly painted walls. Unit B includes LVP flooring in great condition, upstairs carpeting, and a kitchen with additional floor-to-ceiling cabinetry for extra storage. Unit B also has a fully private covered backyard porch with a hot tub, plus two storage sheds.
Unit B is offered with major appliances including a refrigerator, washer, dryer, stove, and dishwasher. The duplex is located at 22615 44TH Avenue, Mountlake Terrace, WA 98043.
Key Highlights
- Duplex built in 2003 with two mirror‑image units (Unit A and Unit B)
- Total of 6 bedrooms and 6 bathrooms across both units (3 bedrooms and 2.5 bathrooms per unit)
- Unit A updates include new flooring installed in 2025, brand‑new upstairs carpet, and freshly painted walls
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.0k | $25.20 |
| − Vacancy | −$4.6k | −$1.39 |
| EGI | $78.4k | $23.81 |
| − OpEx | −$23.5k | −$7.14 |
| NOI | $54.9k | $16.67 |
3,292 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$784.0K
$686.0K – $914.6K
NOI $54,877 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$703.4K
$615.5K – $820.7K
NOI $49,239 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$918.1K
$803.3K – $1.07M
NOI $64,266 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two mirror-image units, totaling six bedrooms and six bathrooms.
Where is this duplex located?
The property is located at 22615 44TH Avenue Mountlake Terrace, WA.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Duplex built in 2003 with two mirror‑image units (Unit A and Unit B); Total of 6 bedrooms and 6 bathrooms across both units (3 bedrooms and 2.5 bathrooms per unit); Unit A updates include new flooring installed in 2025, brand‑new upstairs carpet, and freshly painted walls
