303 Poppy Rd Bothell, WA 98012
Discover An Exceptional Multifamily Investment Opportunity Tucked Away In Bothell’s Desirable Canyon Park Area. This Private And Secluded Property Spans 4.55 Acres And Features 17 Well Maintained Units. The Unit Mix Is Ideal For Strong Tenant Demand, Consisting Of One ~1,000 Sq. Ft. Three-Bedroom Unit, Eight ~800 Sq. Ft. Two-Bedroom Units, And Eight ~600 Sq. Ft. One-Bedroom Units. 12,750 Total Building Square Footage. The Property Also Offers 27 Parking Spaces, Coin-Op Laundry, And Sits Across Five Separate Lots. Recent Renovations In Eight Units And Deck Updates Completed 4-5 Years Ago. 10-Year-Old Roof. Zero Current Vacancies And Below-Market Rents, This Asset Provides Immediate Stability With Value-Add Potential.2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.