Two-Unit Residential
5620 61st Street NE Unit A & B, Marysville, WA 98270
For Sale
$850,000
Both residences are occupied by long-term tenants, with three bedrooms and two-and-a-half bathrooms in each unit.
Property Size2,496 SF
Price / SF$340.54
Days on Market83
Property Features for 5620 61st Street NE Unit A & B
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Infinity Properties
Listed By:
Lynee C. Brown
(360) 658-8111
Source:
Lapishomesre
Added: Aug 18
Changed: Nov 8
Last Checked: Nov 7 at 9:16PM
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 Infinity Properties
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Investment Insights
Based on property information with market context.
Built in 1986, this duplex contains 2,496 square feet across two residences. Each unit measures approximately 1,250 square feet and has three bedrooms and two-and-a-half bathrooms. Both homes are occupied by long-term tenants, with leases coming up for renewal around the new year.
Key Highlights
- Two residences, each with approximately 1,250 square feet
- Each unit has 3 bedrooms and 2.5 bathrooms
- 2,496 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,608
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,160
$832.2K
Cap Rate 7%
$594,400
$594.4K
Cap Rate 9%
$462,311
$462.3K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$62.9K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.4K $23.81/SF
− OpEx
−$17.8K −$7.14/SF
NOI
$41.6K $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%
$832,160
Cap Rate 7%
$594,400
Cap Rate 9%
$462,311
Alternative Uses
Best Use
Multifamily LT 5
$594.4K
$520.1K – $693.5K
NOI $41,608 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$533.3K
$466.7K – $622.2K
NOI $37,333 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$696.1K
$609.1K – $812.1K
NOI $48,726 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
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Business Placement
Demographics for 98270, WA
51,969
Population
19,840
Households
2.6
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
3,634
Density / Sq Mi
$102,258
Median Household Income
$50,619
Median Earnings
$1,845
Median Rent
$540,000
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 are occupied by long-term tenants, with three bedrooms and two-and-a-half bathrooms in each unit.
Where is this duplex located?
The property is located at 5620 61st Street NE Unit A & B Marysville, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two residences, each with approximately 1,250 square feet; Each unit has 3 bedrooms and 2.5 bathrooms; 2,496 square feet total
