1601 131st Drive NE, Lake Stevens, WA 98258
- $875,000
- 2,778
- SqFt
Listing courtesy of Ballpark Realty.
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- 2563772
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 2,778
- Area Total SqFt
- 2778
- Annual Tax Ammount
- 8095
- Lot Size (sq ft)
- 11,326
- Sewer
- Sewer Connected
Property Description
Rare Lake Stevens Duplex Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex offers exceptional flexibility and value. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,400 square feet, oversized primary suites with walk-in closets, oak cabinetry, cozy gas fireplaces, and fully fenced private yards. Capital improvements provide peace of mind, including a new furnace and new water heaters, while gutter guards help minimize exterior maintenance. The right-side unit boasts an expansive backyard complete with a patio and sprinkler system—perfect for outdoor entertaining or relaxing. Ideally located within walking distance of Lake Stevens waterfront, the popular Farmers Market, and the charm of Historic Downtown Lake Stevens, this property offers an unbeatable combination of convenience, lifestyle, and strong rental appeal. A turnkey opportunity in a highly desirable location with excellent long-term investment potential.
Additional Information
- List Date
- 2026-08-03 19:13:14
- Community
- Lake Stevens
- Net Operating Income
- $44,829
- Gross Adjusted Income
- $54,782
- Gross Scheduled Income
- $54,782
- Total Monthly Income
- $4,565
- Insurance Expenses
- $1,858
- Gross Rent Multiplier
- 15.9
- Total Expenses
- $9,953
- Cap Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 1601
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1998
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully
- Energy Source
- Electric
- School District
- Lake Stevens
- Elementary School
- Mt. Pilchuck Elem
- Middle School
- North Lake Mid
- High School
- Lake Stevens Snr Hig
- Total Monthly Income
- $4,565
- Gross Scheduled Income
- $54,782
- Gross Adjusted Income
- $54,782
- Tax Year
- 2026
- Insurance Expense
- $1,858
- Total Expenses
- $9,953
- Net Operating Income
- $44,829
- Gross Rent Multiplier
- 15.9
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.