Two-Unit
929 Pecks Drive, Everett, WA 98203
For Sale
New
$445,000
Separate upper and lower residences each offer two bedrooms and a full bathroom.
Property Size2,008 SF
Price / SF$221.61
Days on Market5
Property Features for 929 Pecks Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceramic Tile,Laminate,Vinyl,Carpet
Yes
No
2
Electric,Natural Gas
Corner Lot,Curbs,Paved,Value In Land
Public
Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio
0.13
Metal/Vinyl
Poured Concrete
2008
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
KW North Sound
(360) 653-1884
Listed By:
Anton Stetner · License #24133
(425) 879-7933
Source:
Premierepropertygroup
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 4:34AM
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 KW North Sound
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Investment Insights
Based on property information with market context.
This 2,008-square-foot, two-story duplex is divided into an upper residence and a lower residence. Each unit has two bedrooms and one full bathroom. The upper unit features vaulted living-room ceilings, a gas fireplace, a kitchen with an eating nook, and a primary suite with two closets. Two decks, including a cedar front deck, add outdoor space. Improvements include a tankless water heater, newer furnace and ductwork, and perimeter fencing. The property was built in 1940 and occupies a 0.13-acre corner lot.
Shops and restaurants are within walking distance, and the property is minutes from Boeing with access to Highway 99 and I-5. The lower unit can serve as a separate rental suite or space for extended living, subject to the owner's plans for its finishes.
Shops and restaurants are within walking distance, and the property is minutes from Boeing with access to Highway 99 and I-5. The lower unit can serve as a separate rental suite or space for extended living, subject to the owner's plans for its finishes.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 full bathroom
- 2,008‑square‑foot, two‑story building on a 0.13‑acre corner lot
- Upper unit has vaulted ceilings, a gas fireplace, kitchen nook, and primary suite with two closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,236
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,720
$664.7K
Cap Rate 7%
$474,800
$474.8K
Cap Rate 9%
$369,289
$369.3K
Market Conditions
NOI Build-Up for 2,008 SF
Gross rent
$50.6K $25.20/SF
− Vacancy
−$3.1K −$1.55/SF
EGI
$47.5K $23.65/SF
− OpEx
−$14.2K −$7.09/SF
NOI
$33.2K $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 Rate 5%
$664,720
Cap Rate 7%
$474,800
Cap Rate 9%
$369,289
Alternative Uses
Best Use
Multifamily LT 5
$474.8K
$415.5K – $553.9K
NOI $33,236 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$424.8K
$371.7K – $495.7K
NOI $29,739 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$664.7K
$581.6K – $775.4K
NOI $46,526 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
728
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower residences each offer two bedrooms and a full bathroom.
Where is this duplex located?
The property is located at 929 Pecks Drive Everett, WA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 full bathroom; 2,008‑square‑foot, two‑story building on a 0.13‑acre corner lot; Upper unit has vaulted ceilings, a gas fireplace, kitchen nook, and primary suite with two closets
