Updated Eight-Unit Apartment
For Sale
$868,000
315 W Woodworth St, Sedro Woolley, WA 98284
Two buildings provide laundry hookups and ongoing unit improvements.
Property Size3,260 SF
Price / SF$266.26
Days on Market67
Property Features for 315 W Woodworth St
General Information
Standard status
Active
Size
3,260 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
8
Amenities
laundry hookups
Building Details
Year Built
1978
Buildings
2
Listing Agency:
Windermere RE Skagit Valley
Listed By:
Balisa E Koetje
(360) 424-4901
Source:
Lifestylehomeswithmel
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 7 at 5:23PM
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 RE Skagit Valley
Investment Insights
Based on property information with market context.
This apartment property includes two four-unit buildings with a combined 3,260 square feet and eight total units. Constructed in 1978, the buildings have been maintained and updated over time. Unit turnover work may include kitchen, bathroom, flooring, and paint improvements as needed, while every unit includes laundry hookups.
The property consists of the buildings at 313 Woodworth and 315 Woodworth in Sedro Woolley, Washington. The roof and building paint were renewed in 2025. The two buildings may be acquired separately or together, providing flexibility for a buyer evaluating one fourplex or the complete eight-unit offering.
The property consists of the buildings at 313 Woodworth and 315 Woodworth in Sedro Woolley, Washington. The roof and building paint were renewed in 2025. The two buildings may be acquired separately or together, providing flexibility for a buyer evaluating one fourplex or the complete eight-unit offering.
Key Highlights
- Eight total apartment units across two four‑unit buildings
- 3,260 square feet combined
- Each unit includes laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,846
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,920
$496.9K
Cap Rate 7%
$354,943
$354.9K
Cap Rate 9%
$276,067
$276.1K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$36.0K $11.04/SF
− Vacancy
−$497 −$0.15/SF
EGI
$35.5K $10.89/SF
− OpEx
−$10.6K −$3.27/SF
NOI
$24.8K $7.62/SF
Area
Skagit County, WA
Vacancy
1.38%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,920
Cap Rate 7%
$354,943
Cap Rate 9%
$276,067
Alternative Uses
Best Use
Multifamily LT 5
$354.9K
$310.6K – $414.1K
NOI $24,846 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$309.0K
$270.4K – $360.5K
NOI $21,628 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,811 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 98284, WA
27,293
Population
11,095
Households
2.5
Avg Household Size
39
Median Age
20%
College-Educated
89%
High-School Grad
281.3 sq mi
ZIP Area
97
Density / Sq Mi
$82,097
Median Household Income
$50,074
Median Earnings
$1,476
Median Rent
$427,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings provide laundry hookups and ongoing unit improvements.
Where is this apartment building located?
The property is located at 315 W Woodworth St Sedro Woolley, WA.
What is the asking price?
The asking price for this property is $868,000.
What are key features of this property?
This property features: Eight total apartment units across two four‑unit buildings; 3,260 square feet combined; Each unit includes laundry hookups
