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

1509 Walnut St, Everett, WA 98201

$1,131,000

Last sold 05/31/2013 for $310K

—
bed
—
bath
4,302
Sqft ($72/Sqft)

House not for sale

About 1509 Walnut St

Property type House

Neighborhood

Year built 1910

HOA fee $0/month

Lot size 9,147 Sqft

Movoto estimate

Property description

This 6 unit building has excellent cash flow potential and a Cap Rate of 7%. All units are leased. 2 units have 2 bedrooms, 4 units are 1 bedroom. Seller financing is available. Newer carpets in many units. Ample parking on street and in back off the alley. Currently fully occupied. Coin-Op laundry facility on site. Property is sold AS IS. Buyer to verify all information to their satisfaction. No guarantees or warranties of any kind.

Listed by

Listing Agent - David S. Bray

Listing Office - Bray Realty LLC

Source: NWMLS

MLS#434377 • last updated 1 year ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Levels/Style	Multi Family
MLS #	434377
SubType	Multi-Family
Type	Residential Income
SqFt	4302
Status	Sold
Lot Size (SqFt)	9147
Lot Size (Acres)	0.21
Property Tax	5033
Buying Office	RE/MAX On The Lake
Year Built	1910
Buying Office Phone	425-484-0865
Condition	Good

Interior
Flooring	Carpet

Exterior
Foundation	Block
Roof	Composition
# Open Parking Spaces	6
# Parking Spaces	6
# Uncovered Spaces	6
Exterior Features	Wood Products

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Natural Gas
HOA Amenities	Coin Op Laundry

Location
View	Mountain(s)
County	Snohomish
Subdivision	North Everett
Area	740 - Everett/Mukilteo
High School District	Everett
APN	556331500400

Multifamily Details
Net Operating Income	22236
Capitalization Rate	7
Expense: Insurance	1200
Expense: Electricity	1941
Gross Scheduled Income	43440
Expense: Fuel	1622
Expense: Other	4000
Gross Adjusted Income	41268
Total Expenses	19032
Gross Rent Multiplier	7
Nwm_Totalmonthlyincome	3620
Vacancy Rate	5

$1.13M

Range: $848K-$1.41M

Last 30 days

Rental est.: $1,110/month

• Gross rent multiplier: 23.3

Lower your payment with the loan terms that fit you.

May 2013
Public Records
May 31, 2013 Sold
$310,280
May 2013
MLS # 434377
May 31, 2013 Sold
$310,000 (-3.1%)
Jan 1, 2013 Listed
$319,900 (-30.3%)
Dec 2006
Public Records
Dec 5, 2006 Sold
$459,100

Year Property taxes Tax assessment
2025
$10,047 +35.3%

$1,140,875 +26.2%
2023
$7,423 +5.8%

$904,000 +18.02%
2022
$7,013 -0.7%

$766,000 +18.21%
2021
$7,063 -2.9%

$648,000
2020
$7,274 +8.2%

$648,000 +7.46%
2019
$6,726 +8.4%

$603,000
2018
$6,206 +29.0%

$603,000 +47.79%
2015
$4,812

$408,000

1509 Walnut St
$310K
Delta
$540K +8% y/y
98201
$525K -15% y/y
Everett
$525K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1508 Walnut St, Everett, WA 98201	$565,000	4/2	2,328	0.03
1506 Walnut St, Everett, WA 98201	$470,000	2/1	1,027	0.03
1512 Walnut St, Everett, WA 98201	$371,000	2/1	719	0.03
1510 Walnut St, Everett, WA 98201	$460,000	2/1	966	0.03
1518 Walnut St, Everett, WA 98201	$524,000	3/2	1,351	0.03
1510 Chestnut St, Everett, WA 98201	$433,000	2/1	922	0.03
1514 Chestnut St, Everett, WA 98201	$476,000	3/1	1,000	0.04
1522 Walnut St, Everett, WA 98201	$499,000	3/2	1,188	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.