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303 Poppy Rd, Bothell, WA 98012

$3,850,000

Last sold 03/26/2026 after 128 Days

—
bed
—
bath
12,750
Sqft ($302/Sqft)

House not for sale

About 303 Poppy Rd

Property type House

Neighborhood

Year built 1968

HOA fee $0/month

Lot size 4.55 Acre

Movoto estimate

Property description

Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. 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. Don't miss this chance to own a great income-producing apartment property with meaningful upside!

Listed by

Listing Agent - David M. Hilbert

Listing Office - Real Estate 2000 Inc.

Source: NWMLS

MLS#2456005 • last updated 1 month ago

Movoto checked NWMLS for data 20 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard
Levels/Style	Multi Family
MLS #	2456005
Virtual Tour	N/A
SubType	Multi Family
Type	Residential Income
SqFt	12750
Status	Sold
Lot Size (SqFt)	198198
Lot Size (Acres)	4.55
Buying Office	Keller Williams North Seattle
Year Built	1968
Buying Office Phone	206-538-5505
Condition	Updated/Remodeled

Exterior
Roof	Composition
Construction	Wood
# Open Parking Spaces	27
# Uncovered Spaces	27
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry

Location
County	Snohomish
Subdivision	Canyon Park
Area	610 - Southeast Snohomish
High School District	Northshore
APN	373000700101
Zoning	Residential
Directions	GPS Friendly

Multifamily Details
Net Operating Income	276883
Capitalization Rate	6.6
Gross Adjusted Income	362651
Nwm_Totalmonthlyincome	362651

$4.1M

Range: $3.65M-$4.55M

Last 30 days

Rental est.: $1,535/month

• Gross rent multiplier: 209.0

Lower your payment with the loan terms that fit you.

Mar 2026
Public Records
Mar 26, 2026 Sold
$3,850,000
Mar 2026
MLS # 2456005
Mar 26, 2026 Sold
$3,850,000 (-8.3%)
Nov 24, 2025 Pending
—
Nov 18, 2025 Listed
$4,199,900 (+354.0%)
Jul 2005
Public Records
Jul 5, 2005 Sold
$925,000

Year Property taxes Tax assessment
2025
$20,074 +10.6%

$2,088,000 +0.58%
2023
$18,145 +2.8%

$2,076,000 +18.54%
2022
$17,654 +13.2%

$1,751,300 +21.62%
2021
$15,600 -9.6%

$1,440,000
2020
$17,265 +37.4%

$1,440,000 +39.13%
2019
$12,570 -3.2%

$1,035,000
2018
$12,990 +46.7%

$1,035,000 +35.65%
2015
$8,855

$763,000

303 Poppy Rd
$3.85M
610 - Southeast Snohomish
$1.19M
98012
$694K -13% y/y
Bothell
$798K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
233 Poppy Rd, Bothell, WA 98012	$777,000	3/2	1,176	0.02
18901 4th Dr Se, Bothell, WA 98012	$1,204,000	4/2	2,761	0.03
18903 4th Dr Se, Bothell, WA 98012	$1,204,000	4/2	2,694	0.03
18909 3rd Dr Se, Bothell, WA 98012	$935,000	4/2	2,152	0.04
18917 4th Ave Se, Bothell, WA 98012	$855,000	5/4	1,443	0.04
18913 4th Ave Se, Bothell, WA 98012	$809,000	5/3	1,176	0.04
227 Poppy Rd, Bothell, WA 98012	$849,000	3/2	1,648	0.04
18921 4th Ave Se, Bothell, WA 98012	$984,000	4/3	2,371	0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.