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Updated Duplex with Enclosed Garages
For Sale
$850,000

2424 99th Ave Ne, Lake Stevens, WA 98258

Two-level units include private outdoor space and refreshed interiors.

Property SizeContact for details
Days on Market34

Property Features for 2424 99th Ave Ne

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Cap Rate 6%
Highway Access Yes

Taxes and HOA fees

Annual Taxes $6,287
Listing Agency: Real Residential
Listed By: Jessica Schmuland
Source: Exprealty
Added: Jul 7 Changed: Aug 8 Last Checked: Aug 8 at 9:00AM

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 Real Residential

Investment Insights

Based on property information with market context.

This updated duplex at 2424 99th Ave NE in Lake Stevens includes two residential units, each arranged across two levels. The main floor provides an open living area, an updated kitchen, and a half bath, while the upper floor contains bedrooms and a full bath. Recent improvements give the interiors a refreshed presentation, and former carports have been enclosed as garages for each unit. Private backyards add individual outdoor space.

The property is located just blocks from Lundeen Park and neighborhood amenities, with access to I-5, Highway 9, and Frontier Village. The investment profile includes a stated 6% cap rate.

Key Highlights

  • Two‑unit duplex with two‑story layouts
  • Updated kitchens, refreshed interiors, and recent property improvements
  • Each unit includes an enclosed garage converted from a former carport

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Nail Salon Electrical Service Building Supply Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

85
Businesses Nearby

Demographics for 98258, WA

51,995
Population
18,397
Households
2.8
Avg Household Size
36
Median Age
32%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
1,401
Density / Sq Mi
$120,571
Median Household Income
$63,208
Median Earnings
$2,187
Median Rent
$606,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-level units include private outdoor space and refreshed interiors.
Where is this duplex located?
The property is located at 2424 99th Ave Ne Lake Stevens, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit duplex with two‑story layouts; Updated kitchens, refreshed interiors, and recent property improvements; Each unit includes an enclosed garage converted from a former carport
More about this property
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