Two-Unit Duplex with RV
New
For Sale
$499,000
6107 Kenwood Dr, Everett, WA 98203
Separate kitchens, living areas, and laundry serve each residence, with a patio and partially fenced yard outdoors.
Property Size2,315 SF
Price / SF$215.55
Days on Market2
Property Features for 6107 Kenwood Dr
General Information
Standard status
Active
Size
2,315 SF
Property subtype
Multi-Family
Building Details
Year Built
1969
Listing Agency:
Windermere Real Estate GH LLC
Listed By:
Adam E. Cobb · License #100973
(206) 854-9454
Source:
Angiewestby
Added: Oct 4
Last Checked: Oct 4 at 2:04PM
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 Real Estate GH LLC
Investment Insights
Based on property information with market context.
Built in 1969, this Everett duplex contains two separate residences. One has three bedrooms and two bathrooms; the other has two bedrooms and two bathrooms. Each residence includes its own living area, kitchen, and laundry. The property also has a partially fenced yard, a patio, and RV parking.
The duplex sits on a 9,583-square-foot lot on a cul-de-sac at 6107 Kenwood Dr. in Everett, Washington.
The duplex sits on a 9,583-square-foot lot on a cul-de-sac at 6107 Kenwood Dr. in Everett, Washington.
Key Highlights
- Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 2 bathrooms
- Each unit has its own living area, kitchen, and laundry
- 9,583‑square‑foot lot on a cul‑de‑sac
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,317
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$766,340
$766.3K
Cap Rate 7%
$547,386
$547.4K
Cap Rate 9%
$425,744
$425.7K
Market Conditions
NOI Build-Up for 2,315 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$766,340
Cap Rate 7%
$547,386
Cap Rate 9%
$425,744
Alternative Uses
Best Use
Multifamily LT 5
$547.4K
$479.0K – $638.6K
NOI $38,317 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$489.8K
$428.6K – $571.4K
NOI $34,286 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$766.3K
$670.5K – $894.0K
NOI $53,640 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
161
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
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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?
Duplex - Separate kitchens, living areas, and laundry serve each residence, with a patio and partially fenced yard outdoors.
Where is this duplex located?
The property is located at 6107 Kenwood Dr Everett, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 2 bathrooms; Each unit has its own living area, kitchen, and laundry; 9,583‑square‑foot lot on a cul‑de‑sac
