2-Unit
For Sale
$650,000
4521 Grand Avenue, Everett, WA 98203
Both residences have full kitchens, private laundry, and garage parking, with additional off-street parking available.
Property Size1,902 SF
Price / SF$341.75
Days on Market25
Property Features for 4521 Grand Avenue
General Information
Standard status
Active
Size
1,902 SF
Property subtype
Multi Family
Site & Location
Neighborhood
South Forest Park
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
dedicated washer and dryer
garage parking
off-street parking
Building Details
Year Built
1977
Listing Agency:
Coldwell Banker Bain
(425) 602-4150
Listed By:
Blair Mus · License #50790
(206) 849-0983
Source:
Armadahomes
Added: Oct 7
Changed: Oct 30
Last Checked: Oct 30 at 2:16PM
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 Coldwell Banker Bain
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Investment Insights
Based on property information with market context.
This 1,902-square-foot duplex, built in 1977, contains two separate residences. Each unit has two bedrooms, one full bathroom, a full kitchen, and its own washer and dryer. Garage parking is provided for both units, with additional off-street parking on the property. The duplex has been pre-inspected and is located in Everett at 4521 Grand Avenue.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 full bathroom
- 1,902 square feet; built in 1977
- Each residence has a full kitchen and its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,481
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,620
$629.6K
Cap Rate 7%
$449,729
$449.7K
Cap Rate 9%
$349,789
$349.8K
Market Conditions
NOI Build-Up for 1,902 SF
Gross rent
$47.9K $25.20/SF
− Vacancy
−$3.0K −$1.55/SF
EGI
$45.0K $23.65/SF
− OpEx
−$13.5K −$7.09/SF
NOI
$31.5K $16.55/SF
Area
Everett, WA
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,620
Cap Rate 7%
$449,729
Cap Rate 9%
$349,789
Alternative Uses
Best Use
Multifamily LT 5
$449.7K
$393.5K – $524.7K
NOI $31,481 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$402.4K
$352.1K – $469.5K
NOI $28,169 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$629.6K
$550.9K – $734.5K
NOI $44,070 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
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Business Placement
Demographics for 98203, WA
37,491
Population
14,848
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
11.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$101,505
Median Household Income
$55,176
Median Earnings
$1,761
Median Rent
$575,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have full kitchens, private laundry, and garage parking, with additional off-street parking available.
Where is this duplex located?
The property is located at 4521 Grand Avenue Everett, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 full bathroom; 1,902 square feet; built in 1977; Each residence has a full kitchen and its own washer and dryer
