Side-by-Side
5113 S 4th Avenue, Everett, WA 98203
For Sale
$699,000
Both residences are leased and feature private laundry and outdoor decks.
Property Size2,312 SF
Price / SF$302.34
Days on Market8
Property Features for 5113 S 4th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private washer and dryer
thermal windows
private decks
outdoor storage
lower-level storage
mountain, river, and territorial views
Laminate,Vinyl,Carpet
Yes
No
2
Electric
Paved,Secluded
Deck
4
0.15
Wood
Poured Concrete
2312
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
eXp Realty
(888) 317-5197
Listed By:
Jason Windom
(425) 923-4656
Source:
Premierepropertygroup
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 8 at 4:35AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1979 duplex contains two side-by-side residences totaling 2,312 square feet. Each unit has 2 bedrooms, 1.5 bathrooms, an updated kitchen, a private washer and dryer, thermal windows, and two decks. Outdoor storage and a larger lower-level storage area add space for storage or workshop use. Rear parking accommodates 3 to 4 vehicles, and the property occupies 0.15 acres.
At 5113 S 4th Avenue in Everett, the property offers mountain, river, and territorial views. Quick access to I-5 is noted. Both units are currently leased.
At 5113 S 4th Avenue in Everett, the property offers mountain, river, and territorial views. Quick access to I-5 is noted. Both units are currently leased.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1.5 bathrooms
- 2,312 square feet across both residences; 1,156 square feet per unit
- Both units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,267
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,340
$765.3K
Cap Rate 7%
$546,671
$546.7K
Cap Rate 9%
$425,189
$425.2K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$58.3K $25.20/SF
− Vacancy
−$3.6K −$1.55/SF
EGI
$54.7K $23.65/SF
− OpEx
−$16.4K −$7.09/SF
NOI
$38.3K $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%
$765,340
Cap Rate 7%
$546,671
Cap Rate 9%
$425,189
Alternative Uses
Best Use
Multifamily LT 5
$546.7K
$478.3K – $637.8K
NOI $38,267 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$489.2K
$428.0K – $570.7K
NOI $34,242 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$765.3K
$669.6K – $892.8K
NOI $53,570 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature private laundry and outdoor decks.
Where is this duplex located?
The property is located at 5113 S 4th Avenue Everett, WA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1.5 bathrooms; 2,312 square feet across both residences; 1,156 square feet per unit; Both units leased
