11243 30th Street NE, Lake Stevens, WA 98258
- $999,900
- 3,012
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $999,900
- Status
- ACTIVE
- MLS#
- 2572714
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 3,012
- Area Total SqFt
- 3012
- Annual Tax Ammount
- 8459
- Internet Provider
- Xfinity / T-Mobile
- Lot Size (sq ft)
- 11,326
- Sewer
- Sewer Connected
Property Description
Hard-to-find, leased duplex offering immediate income and strong investment potential! Gross annual income of $59,940 with taxes/insurance of $10,331 produces an NOI of $49,609 and approx. 4.9% CAP at $999K. Current rents are $2,400 & $2,595/mo, with PM-projected market rents of $2,895/unit, offering potential for approx. 5.8% CAP at market rents. Tenants pay all utilities. Each spacious unit features 3 beds, 2.5 baths, bonus room, large dining area, gas fireplace, gas cooking/heat, 2-car garage PLUS abundant additional parking and enormous, level, fully fenced private yards—a standout feature for tenants. HardiePlank siding and fresh exterior paint. Unit A offers bamboo flooring & SS appliances; Unit B features LVP, white appliances & new cooktop. Located in the highly desirable Lake Stevens School District, walking distance to the high school and convenient to Hwy 9. Generous floorplans provide the space and functionality renters seek, while individual garages, extensive off-street parking and expansive fenced outdoor spaces help set this property apart from typical multifamily offerings. Established tenancy provides income from the start, while projected market rents offer additional upside for the future. An appealing combination of location, livability, rental demand and income potential makes this a compelling opportunity to acquire an established investment property in a sought-after Lake Stevens community.
Additional Information
- List Date
- 2026-09-08 20:44:14
- Community
- Lake Stevens
- Net Operating Income
- $49,609
- Gross Adjusted Income
- $49,609
- Gross Scheduled Income
- $59,940
- Total Monthly Income
- $4,995
- Insurance Expenses
- $1,872
- Gross Rent Multiplier
- 16.68
- Total Expenses
- $10,331
- Cap Rate
- 4.9
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 11243
- Potential Terms
- Cash, Conventional, FHA, State Bond, VA Loan
- Year Built
- 2010
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Lake Stevens
- Elementary School
- Highland Elem
- Middle School
- North Lake Mid
- High School
- Lake Stevens Snr Hig
- Total Monthly Income
- $4,995
- Gross Scheduled Income
- $59,940
- Vacancy Rate
- 2
- Gross Adjusted Income
- $49,609
- Tax Year
- 2026
- Insurance Expense
- $1,872
- Total Expenses
- $10,331
- Net Operating Income
- $49,609
- Gross Rent Multiplier
- 16.68
- Cap Rate
- 4.9
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.