5021 Sperry Lane, Everett, WA 98203
- $599,950
- 1,622
- SqFt
Listing Broker: Pacific Properties; George Caudill; 425-381-0877; george@nwgeorge.com
- List Price
- $599,950
- Status
- FIRST LOOK
- MLS#
- 2590505
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 1,622
- Area Total SqFt
- 1622
- Annual Tax Ammount
- 4483
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
RARE INVESTMENT OPPORTUNITY IN EVERETT’S DESIRABLE FOREST PARK COMMUNITY! Discover this well-maintained, single-story duplex nestled on a shy .20-acre lot in the sought-after Cascade Terrace neighborhood. Built in 1941 with enduring craftsmanship, this solid, charming property offers exceptional versatility for investors, future owner-occupants, or multi-generational living. ALWAYS RENTED! Each spacious unit features 2 bedrooms, 1 full bath, approximately 763 sq. ft., wood and laminate flooring, appliances, and separate front and rear entrances for added privacy. A shared 2-car garage provides each residence with its own covered parking space, plus additional parking. Pride of ownership shines throughout with upgraded double-pane windows, a new gas furnace in 2013 in Unit B, and beautifully maintained interiors. Ideally positioned on a quiet neighborhood street, Unit A faces Sperry Lane while Unit B faces Woodlawn Avenue, creating a wonderful sense of individuality. Both residences are currently leased through December 31, 2027, offering immediate rental income and investment appeal. Enjoy exceptional convenience within walking distance of restaurants, shopping, medical services, public transit, the Post Office, and Clairmont Shopping Center. Minutes to Forest Park, Everett Mall, Boeing, Paine Field, and I-5. A RARE FIND IN AN ESTABLISHED NEIGHBORHOOD—AN OUTSTANDING OPPORTUNITY TO INVEST IN EVERETT REAL ESTATE!
Additional Information
- List Date
- 2026-10-13 00:13:11
- Community
- Forest Park
- Net Operating Income
- $27,242
- Gross Adjusted Income
- $34,200
- Gross Scheduled Income
- $36,000
- Total Monthly Income
- $3,000
- Insurance Expenses
- $1,671
- Water/Sewer/Garbage Expenses
- $804
- Gross Rent Multiplier
- 16.67
- Total Expenses
- $6,958
- Cap Rate
- 4.54
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 5021
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1941
- View
- City, Mountains, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Everett
- Elementary School
- Lowell Elem
- Middle School
- Evergreen Mid
- High School
- Everett High
- Total Monthly Income
- $3,000
- Gross Scheduled Income
- $36,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $34,200
- Tax Year
- 2026
- Insurance Expense
- $1,671
- W/S/G Expenses
- $804
- Total Expenses
- $6,958
- Net Operating Income
- $27,242
- Gross Rent Multiplier
- 16.67
- Cap Rate
- 4.54
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.