Two-Unit Duplex with Greenbelt
For Sale
$778,000
26120 74th Ave NW, Stanwood, WA 98292
Separate garages and driveways serve each residence, with additional street parking available.
Property Size2,704 SF
Price / SF$287.72
Days on Market13
Property Features for 26120 74th Ave NW
General Information
Standard status
Active
Size
2,704 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Windermere Real Estate/CIR
Listed By:
Kevin Flynn · License #20115592
(425) 922-8484
Source:
Searchhomesinbellingham
Added: Oct 10
Changed: Oct 21
Last Checked: Oct 20 at 10:19PM
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 Windermere Real Estate/CIR
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Investment Insights
Based on property information with market context.
This 1999 duplex comprises two residences at 26120 and 26124, each with 3 bedrooms, 2.5 bathrooms, and approximately 1,350 square feet. Combined building area is 2,704 square feet. Both homes have large windows, and each unit includes garage and driveway parking. A partially fenced yard extends behind the property to a greenbelt. Unit 26124 has new carpet, fresh interior paint, a new washer and dryer, and a new stove; its furnace and water heater use natural gas.
Unit 26120 is occupied by a tenant, while Unit 26124 is vacant and available for showings. The property is in the Emerald Glen Community in Stanwood, near shopping, schools, restaurants, medical facilities, and the YMCA, with I-5 a few minutes away.
Unit 26120 is occupied by a tenant, while Unit 26124 is vacant and available for showings. The property is in the Emerald Glen Community in Stanwood, near shopping, schools, restaurants, medical facilities, and the YMCA, with I-5 a few minutes away.
Key Highlights
- Two residences, each with 3 bedrooms, 2.5 bathrooms, and approximately 1,350 square feet
- Combined building area of 2,704 square feet; built in 1999
- Unit 26124 has new carpet, interior paint, washer and dryer, and stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,075
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,500
$901.5K
Cap Rate 7%
$643,929
$643.9K
Cap Rate 9%
$500,833
$500.8K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$68.1K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$64.4K $23.81/SF
− OpEx
−$19.3K −$7.14/SF
NOI
$45.1K $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%
$901,500
Cap Rate 7%
$643,929
Cap Rate 9%
$500,833
Alternative Uses
Best Use
Multifamily LT 5
$643.9K
$563.4K – $751.3K
NOI $45,075 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$577.8K
$505.6K – $674.1K
NOI $40,444 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$754.1K
$659.8K – $879.8K
NOI $52,787 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate garages and driveways serve each residence, with additional street parking available.
Where is this duplex located?
The property is located at 26120 74th Ave NW Stanwood, WA.
What is the asking price?
The asking price for this property is $778,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2.5 bathrooms, and approximately 1,350 square feet; Combined building area of 2,704 square feet; built in 1999; Unit 26124 has new carpet, interior paint, washer and dryer, and stove
