Duplex with
8115 145TH, Snohomish, WA 98290
For Sale
$850,000
Two-unit property with one occupied residence, one vacant unit, private outdoor areas, and no HOA.
Property Size2,348 SF
Lot Size1.31 Acres
Price / SF$362.01
Days on Market118
Property Features for 8115 145TH
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Elite
Listed By:
Robert Serviss · License #22007072
(425) 971-4060
Source:
Skylineproperties
Added: Jul 13
Changed: Nov 6
Last Checked: Nov 6 at 10:44AM
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 RE/MAX Elite
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains 2,348 square feet across two separate residences on a 1.31-acre lot. The first unit provides two bedrooms, 1.5 baths, 1,018 SF, a fenced private yard, stone countertops, included kitchen appliances, and a wood-burning fireplace. The second offers three bedrooms, 1.5 baths, 1,330 SF, an attached one-car garage, engineered wood flooring, a heat pump for air conditioning, an upgraded bath vanity, stone countertops, and a large patio. Both residences include laundry, wood-burning fireplaces, and central-vacuum hookups.
Unit 1 is occupied, while Unit 2 is vacant. Additional features include a utility sink, extra refrigerator, and fenced yard at Unit 2. The property is located near Snohomish Golf Course, within the Snohomish School District, and has no HOA.
Unit 1 is occupied, while Unit 2 is vacant. Additional features include a utility sink, extra refrigerator, and fenced yard at Unit 2. The property is located near Snohomish Golf Course, within the Snohomish School District, and has no HOA.
Key Highlights
- 1.31‑acre lot with 57,064 SF of land
- Two residences totaling 2,348 SF
- Unit 1: 2 bed, 1.5 bath, 1,018 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,141
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,820
$782.8K
Cap Rate 7%
$559,157
$559.2K
Cap Rate 9%
$434,900
$434.9K
Market Conditions
NOI Build-Up for 2,348 SF
Gross rent
$59.2K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$55.9K $23.81/SF
− OpEx
−$16.8K −$7.14/SF
NOI
$39.1K $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%
$782,820
Cap Rate 7%
$559,157
Cap Rate 9%
$434,900
Alternative Uses
Best Use
Multifamily LT 5
$559.2K
$489.3K – $652.4K
NOI $39,141 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$501.7K
$439.0K – $585.3K
NOI $35,120 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$654.8K
$573.0K – $764.0K
NOI $45,837 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one occupied residence, one vacant unit, private outdoor areas, and no HOA.
Where is this duplex located?
The property is located at 8115 145TH Snohomish, 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: 1.31‑acre lot with 57,064 SF of land; Two residences totaling 2,348 SF; Unit 1: 2 bed, 1.5 bath, 1,018 SF
