Updated Duplex with Fenced
For Sale
$995,000
6705 Sunnyside Blvd, Marysville, WA 98270
Two residential units offer flexible layouts, private outdoor areas, and substantial on-site parking.
Property Size2,667 SF
Lot Size0.50 Acres
Price / SF$373.08
Days on Market39
Property Features for 6705 Sunnyside Blvd
General Information
Standard status
Active
Size
2,667 SF
Lot size
0.50 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fully fenced backyards
storage shed
Building Details
Year Built
2004
Listing Agency:
(425) 417-8036
Listed By:
Graham McCarthy Realty Group
(425) 417-8036
Source:
Grahammccarthyrealty
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 29 at 8:09PM
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 Graham McCarthy Realty Group
Investment Insights
Based on property information with market context.
Built in 2004, this duplex contains 2,667 square feet on a half-acre parcel. Both residences feature open great-room layouts, vaulted ceilings, skylights, gas fireplaces, sliding-door access to patios, two bathrooms, and dens. Unit A includes three bedrooms, updated carpeting and paint, granite counters with tile backsplash, and a converted garage providing additional room or bedroom space. Unit B offers two bedrooms, a two-car garage, heat pump, air-conditioning, and a planned paint and flooring refresh before closing.
The property includes fully fenced backyards, a detached 12-by-12-foot storage shed, additional detached storage, and a designated area for RV or boat parking. Access to Hwy 9, Hwy 2, and I-5 supports regional commuting, while Soper Hill Plaza is located one-half mile away. Seller-held entitlements for condominium conversion are also included.
The property includes fully fenced backyards, a detached 12-by-12-foot storage shed, additional detached storage, and a designated area for RV or boat parking. Access to Hwy 9, Hwy 2, and I-5 supports regional commuting, while Soper Hill Plaza is located one-half mile away. Seller-held entitlements for condominium conversion are also included.
Key Highlights
- 2,667‑square‑foot duplex on 1/2 acre, built in 2004
- Unit A: 3 bedrooms, 2 baths, den, updated finishes, and converted garage bonus room
- Unit B: 2 bedrooms, 2 baths, den, 2‑car garage, heat pump, and air‑conditioning
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
$44,458
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
4.47%
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%
$889,160
$889.2K
Cap Rate 7%
$635,114
$635.1K
Cap Rate 9%
$493,978
$494.0K
Market Conditions
NOI Build-Up for 2,667 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
$67.2K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$63.5K $23.81/SF
− OpEx
−$19.1K −$7.14/SF
NOI
$44.5K $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 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%
$889,160
Cap Rate 7%
$635,114
Cap Rate 9%
$493,978
Alternative Uses
Best Use
Multifamily LT 5
$635.1K
$555.7K – $741.0K
NOI $44,458 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$743.8K
$650.8K – $867.8K
NOI $52,065 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible layouts, private outdoor areas, and substantial on-site parking.
Where is this duplex located?
The property is located at 6705 Sunnyside Blvd Marysville, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,667‑square‑foot duplex on 1/2 acre, built in 2004; Unit A: 3 bedrooms, 2 baths, den, updated finishes, and converted garage bonus room; Unit B: 2 bedrooms, 2 baths, den, 2‑car garage, heat pump, and air‑conditioning
