Duplex with Separate Rental
New
For Sale
$719,900
7718 51st Avenue NE, Marysville, WA 98270
Two distinct residences offer a three-bedroom main home and a tenant-occupied two-bedroom unit.
Property Size2,144 SF
Price / SF$335.77
Days on Market7
Property Features for 7718 51st Avenue NE
General Information
Standard status
Active
Size
2,144 SF
Total Parking Spaces
9
Property subtype
Residential Income
Zoning
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,460
Amenities
Wood
Building Details
Building Size
2,144 SF
Year Built
1965
Buildings
1
Stories
1
Units
2
Listing Agency:
COMPASS
(425) 637-7777
Listed By:
Zachary Lazo
(206) 250-8017
Source:
Frosthometeam
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 3:56AM
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 COMPASS
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Investment Insights
Based on property information with market context.
This 1965 duplex in Marysville contains 2,144 square feet across two residences. The main home has three bedrooms and two bathrooms, with an updated kitchen and bathrooms, fresh interior paint, and a two-car garage. A separate rental residence offers two bedrooms, one bathroom, approximately 850 square feet, and its own one-car garage; a tenant is in place.
Exterior improvements include a roof less than 10 years old, replacement siding in multiple areas, and recently applied exterior paint. Parking includes four additional spaces associated with the main residence and two additional spaces for the rental unit, with room to park an RV beside the main garage. The property is zoned Multi-Family and is located near Premium Outlets, restaurants, and everyday conveniences, with access to I-5 nearby.
Exterior improvements include a roof less than 10 years old, replacement siding in multiple areas, and recently applied exterior paint. Parking includes four additional spaces associated with the main residence and two additional spaces for the rental unit, with room to park an RV beside the main garage. The property is zoned Multi-Family and is located near Premium Outlets, restaurants, and everyday conveniences, with access to I-5 nearby.
Key Highlights
- Duplex with a 3‑bedroom, 2‑bath main residence and separate 2‑bedroom, 1‑bath rental unit
- 2,144 square feet total; rental unit is approximately 850 square feet
- Main residence has a 2‑car garage; rental unit has a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,740
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,800
$714.8K
Cap Rate 7%
$510,571
$510.6K
Cap Rate 9%
$397,111
$397.1K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$54.0K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.1K $23.81/SF
− OpEx
−$15.3K −$7.14/SF
NOI
$35.7K $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%
$714,800
Cap Rate 7%
$510,571
Cap Rate 9%
$397,111
Alternative Uses
Best Use
Multifamily LT 5
$510.6K
$446.8K – $595.7K
NOI $35,740 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$458.1K
$400.9K – $534.5K
NOI $32,068 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$597.9K
$523.2K – $697.6K
NOI $41,855 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
618
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer a three-bedroom main home and a tenant-occupied two-bedroom unit.
Where is this duplex located?
The property is located at 7718 51st Avenue NE Marysville, WA.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Duplex with a 3‑bedroom, 2‑bath main residence and separate 2‑bedroom, 1‑bath rental unit; 2,144 square feet total; rental unit is approximately 850 square feet; Main residence has a 2‑car garage; rental unit has a 1‑car garage
