Duplex with Private Outdoor
515 Avenue D, Snohomish, WA 98290
For Sale
$774,950
Two occupied residences provide a three-bedroom upper layout and a renovated two-bedroom lower unit.
Property Size2,436 SF
Price / SF$318.12
Days on Market151
Property Features for 515 Avenue D
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Cement Planked
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Pellego, Inc.
(425) 441-3180
Listed By:
Chris Piotrowski
(253) 307-5989
Source:
Doverealtyinc
Added: Jun 10
Changed: Nov 7
Last Checked: Nov 6 at 5:35PM
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 Pellego, Inc.
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Investment Insights
Based on property information with market context.
This 1927 duplex contains two occupied units with distinct layouts. The upper residence has three bedrooms and one bathroom, with more than 1,400 square feet arranged across two levels. Its features include walk-in closets, a dedicated laundry room, formal living and dining areas, and mountain views. The renovated lower unit offers two bedrooms, one bathroom, and private outdoor space.
Recent exterior work includes new siding, paint, windows, fencing, and professional landscaping. The property is zoned Multi-Family and is located across from Snohomish High School. Shops, restaurants, and Historic Downtown Snohomish are within walking distance.
Recent exterior work includes new siding, paint, windows, fencing, and professional landscaping. The property is zoned Multi-Family and is located across from Snohomish High School. Shops, restaurants, and Historic Downtown Snohomish are within walking distance.
Key Highlights
- Two occupied units: upper 3‑bedroom/1‑bath and lower 2‑bedroom/1‑bath
- Upper residence offers over 1,400 square feet across two levels
- Renovated lower unit includes private outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,608
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,160
$812.2K
Cap Rate 7%
$580,114
$580.1K
Cap Rate 9%
$451,200
$451.2K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$61.4K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.0K $23.81/SF
− OpEx
−$17.4K −$7.14/SF
NOI
$40.6K $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%
$812,160
Cap Rate 7%
$580,114
Cap Rate 9%
$451,200
Alternative Uses
Best Use
Multifamily LT 5
$580.1K
$507.6K – $676.8K
NOI $40,608 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$520.5K
$455.5K – $607.3K
NOI $36,436 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$679.4K
$594.4K – $792.6K
NOI $47,555 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
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Business Placement
Demographics for 98290, WA
37,535
Population
15,348
Households
2.4
Avg Household Size
42
Median Age
38%
College-Educated
95%
High-School Grad
117.5 sq mi
ZIP Area
319
Density / Sq Mi
$129,656
Median Household Income
$68,573
Median Earnings
$1,591
Median Rent
$717,600
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 - Two occupied residences provide a three-bedroom upper layout and a renovated two-bedroom lower unit.
Where is this duplex located?
The property is located at 515 Avenue D Snohomish, WA.
What is the asking price?
The asking price for this property is $774,950.
What are key features of this property?
This property features: Two occupied units: upper 3‑bedroom/1‑bath and lower 2‑bedroom/1‑bath; Upper residence offers over 1,400 square feet across two levels; Renovated lower unit includes private outdoor space
