About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

12421 5th Ave W, Everett, WA 98204

$1,110,000

Last sold 05/07/2026 after 330 Days

—
bed
—
bath
5,589
Sqft ($199/Sqft)

House not for sale

About 12421 5th Ave W

Property type House

Neighborhood

Year built 1979

HOA fee $0/month

Lot size 10,454 Sqft

Movoto estimate

Property description

Extra Large 5589sf Four Plex with a single, long term tenant. Annual income of $84,000 and tenant pays all utilities. 5.3% cap. Three units with two bedrooms and one unit with three bedrooms. Each unit has two baths. Shared laundry room on site. Tenant maintains the laundry and handles most simple repairs. Easy to own and easy to manage.

Listed by

Listing Agent - Steve Morrow

Listing Office - Next Horizon Realty

Source: NWMLS

MLS#2390007 • last updated 4 months ago

Movoto checked NWMLS for data 13 minutes ago

Overview
Cooling/AC	None
Levels/Style	Quadruplex
MLS #	2390007
SubType	Multi Family
Type	Residential Income
SqFt	5589
Status	Sold
Lot Size (SqFt)	10454
Lot Size (Acres)	0.24
Property Tax	9193
Buying Office	Bushnell Real Estate Solutions
Year Built	1979
Buying Office Phone	425-559-1355
HOA Fee	Not Applicable, 0
Condition	Average

Interior

Exterior
Foundation	Poured Concrete
Construction	Brick
# Open Parking Spaces	10
# Uncovered Spaces	10
Exterior Features	Brick

Amenities / Utilities
Sewer/ Septic	Sewer Connected, Snohomish
Water	Public
Water Company	Snohomish
Power Company	PSE
Power Production: Type	Electric

Location
County	Snohomish
Subdivision	Mariner
Area	740 - Everett/Mukilteo
High School District	Mukilteo
High School	Mariner High
APN	660300000100
Zoning	Multi-Family
Directions	128th Street Exit From I-405. Head West One Long Block To Right On 4th Ave. Four Blocks To Left On 124th. First Left On 5th. Second Building On The Left. Brick Building.

Multifamily Details
Net Operating Income	73307
Capitalization Rate	5.3
Expense: Insurance	1500
Gross Scheduled Income	84000
Gross Adjusted Income	84000
Total Expenses	10693
Gross Rent Multiplier	16.6
Nwm_Totalmonthlyincome	7000

Lot/ Land Details
Site Features	Deck

$1.18M

Range: $1.02M-$1.35M

Last 30 days

Rental est.: $1,023/month

• Gross rent multiplier: 90.5

Lower your payment with the loan terms that fit you.

May 2026
MLS # 2390007
May 7, 2026 Sold
$1,110,000 (-14.4%)
Oct 28, 2025 Pending
—
Jul 17, 2025 Price Change
$1,296,000 (-7.2%)
Jun 11, 2025 Listed
$1,396,000 (+71.3%)
Apr 2019
Public Records
Apr 16, 2019 Sold
$815,000
Apr 2019
MLS # 1393016
Apr 16, 2019 Sold
$815,000 (-5.8%)
Dec 14, 2018 Listed
$865,000 (+32.1%)
May 2017
Public Records
May 5, 2017 Sold
$655,000
May 2017
MLS # 1097857
May 5, 2017 Sold
$655,000 (-3.0%)
Apr 25, 2017 Listed
$675,000

Year Property taxes Tax assessment
2025
$10,432 +39.5%

$1,046,900 +19.55%
2023
$7,480 -7.7%

$875,700 +7.84%
2022
$8,105 -1.1%

$812,000 +16.33%
2021
$8,191 +14.2%

$698,000
2020
$7,174 +8.1%

$698,000 +8.22%
2019
$6,635 -8.1%

$645,000
2018
$7,220 +26.1%

$645,000 +27.98%
2015
$5,727

$504,000

12421 5th Ave W
$1.11M
740 - Everett/mukilteo
$710K
98204
$398K -21% y/y
Everett
$525K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
12328 4th Pl W, Everett, WA 98204	$503,000	3/2	1,152	0.04
12324 4th Pl W, Everett, WA 98204	$500,000	3/2	1,152	0.05
12329 4th Pl W, Everett, WA 98204	$506,000	3/2	1,152	0.05
12320 4th Pl W, Everett, WA 98204	$503,000	3/2	1,152	0.05
12325 4th Pl W, Everett, WA 98204	$500,000	3/2	1,152	0.05
12318 4th Pl W, Everett, WA 98204	$502,000	3/2	1,152	0.06
12321 4th Pl W, Everett, WA 98204	$503,000	3/2	1,152	0.06
12319 4th Pl W, Everett, WA 98204	$500,000	3/2	1,152	0.06

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