804 124th Street SW, Everett, WA 98204
- $980,800
- 3,840
- SqFt
Listing Broker: CENTURY 21 Real Estate Center; Harjinder Singh; 206-643-7853; Harjinder@TheLionEstates.com
- List Price
- $980,800
- Status
- FIRST LOOK
- MLS#
- 2592847
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,840
- Area Total SqFt
- 3840
- Annual Tax Ammount
- 9207
- Lot Size (sq ft)
- 13,068
- Sewer
- Available
Property Description
ATTENTION INVESTORS: Prime 4-Plex Below Assessed Value with High-Yield Upside! A rare, turn-key investment opportunity in South Everett! Offered below tax-assessed value with an attractive cap rate in today's market, this 4-plex delivers immediate cash flow with current rents below market—offering massive upside potential to increase income, or house-hack, build equity, and live rent-free in a freshly renovated unit. Conveniently located near I-5, Hwy 99, Paine Field, Boeing, dining, retail, and upcoming light rail extensions for strong demand and future appreciation. Situated on an expansive 13,000+ sq. ft. lot, the property features four spacious mirror-image units (2 beds, 1.5 baths, under 1,000 sq. ft. each) with in-unit laundry and 2 dedicated parking spaces per unit (8 total). Major capital improvements are complete, including a roof replaced within the last 5 years. Unit A is vacant and ready to show—boasting a brand-new kitchen, modernized bathrooms, new flooring, and fresh interior paint. Unit D has recent partial updates with rent upside, while Units B and C had clean updates a few years ago. Units B, C, and D are tenant-occupied—please do not disturb tenants. Operational management is streamlined with an HOA covering grounds maintenance and garbage pickup, keeping overhead low and holdings hassle-free. Bring your offer today before this below-assessed-value cash cow is gone!
Additional Information
- List Date
- 2026-10-10 21:43:11
- Community
- Everett
- Net Operating Income
- $57,330
- Gross Adjusted Income
- $80,316
- Gross Scheduled Income
- $82,800
- Total Monthly Income
- $82,800
- Insurance Expenses
- $3,839
- Water/Sewer/Garbage Expenses
- $5,500
- Gross Rent Multiplier
- 11.84
- Total Expenses
- $22,986
- Cap Rate
- 5.85
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 804
- Potential Terms
- Cash, Conventional
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Deck
- Electric Expenses
- 120
- Other Expenses
- 4320
- Energy Source
- Electric
- School District
- Mukilteo
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $82,800
- Gross Scheduled Income
- $82,800
- Vacancy Rate
- 3
- Gross Adjusted Income
- $80,316
- Tax Year
- 2026
- Insurance Expense
- $3,839
- W/S/G Expenses
- $5,500
- Total Expenses
- $22,986
- Net Operating Income
- $57,330
- Gross Rent Multiplier
- 11.84
- Cap Rate
- 5.85
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.