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1729 Madison St, Everett, WA 98203

$1,204,000
Last sold 02/29/2024 for $1.1M
—
bed
—
bath
3,920
Sqft ($281/Sqft)

House not for sale

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About 1729 Madison St

Property type House

Neighborhood

Year built 1981

HOA fee $0/month

Lot size 7,841 Sqft

Movoto estimate

Property description

Well maintained Everett 4plex---built 1981---Townhouse style units are 2 bedroom 1.5 baths, washer/dryer hookups, storage unit, 980 sq ft each. Some updating and recent improvements. Roof in good condition, updated windows and water heaters, fantastic location near shopping and bus-line. Long term tenants on month to month rent. Rents need to be adjusted. Market rents in area are currently $1,900 per unit. Excellent first time investment property. Low maintenance landscaping and easy to manage.

Listed by

Listing Agent - Fred Grunewald

Listing Office - Skyline Properties, Inc.

Source: NWMLS

MLS#2191173 • last updated 1 year ago

Movoto checked NWMLS for data 14 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard
Levels/Style	Quadruplex
MLS #	2191173
SubType	Multi-Family
Type	Residential Income
SqFt	3920
Status	Sold
Lot Size (SqFt)	7841
Lot Size (Acres)	0.18
Property Tax	7019
Buying Office	Windermere Real Estate M2 LLC
Year Built	1981
Buying Office Phone	425-776-9580
Condition	Good

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Composition
Construction	Standard Frame
# Open Parking Spaces	8
# Parking Spaces	8
# Uncovered Spaces	8

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, Public
Water	Public
Water Company	Public
Power Company	Public
Power Production: Type	Electric
Security Features	FullyFenced
HOA Amenities	Storage, Thermal Windows

Location
County	Snohomish
Subdivision	Pinehurst
Area	740 - Everett/Mukilteo
Elementary School	Buyer To Verify
Middle School	Buyer To Verify
High School District	Everett
High School	Buyer To Verify
APN	28050600401200
Directions	On Madison
Zoning	Multi-Family

Multifamily Details
Net Operating Income	91200
Capitalization Rate	6
Expense: Insurance	1373
Gross Scheduled Income	91200
Gross Adjusted Income	91200
Total Expenses	15202
Gross Rent Multiplier	12
Nwm_Totalmonthlyincome	7600

Lot/ Land Details
Site Features	Cable TV, Fenced-Partially, Patio

$1.2M

Range: $1.07M-$1.33M

Last 30 days

Rental est.: $1,404/month

• Gross rent multiplier: 65.3

Lower your payment with the loan terms that fit you.

Feb 2024
Public Records
Feb 29, 2024 Sold
$1,100,000
Feb 2024
MLS # 2191173
Feb 29, 2024 Sold
$1,100,000 (-4.3%)
Jan 31, 2024 Pending
—
Jan 19, 2024 Listed
$1,150,000

Year Property taxes Tax assessment
2025
$9,239 +31.6%

$917,900 +7.55%
2023
$7,019 +0.5%

$853,500 +12.01%
2022
$6,985 -7.8%

$762,000 +5.98%
2021
$7,578 -6.2%

$719,000
2020
$8,079 +18.7%

$719,000 +17.97%
2019
$6,805 +5.4%

$609,500
2018
$6,455 +37.5%

$609,500 +51.24%
2015
$4,694

$403,000

1729 Madison St
$1.1M
Pinehurst-Beverly Park
$574K +4% y/y
98203
$575K -11% y/y
Everett
$525K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1801 Madison St, Everett, WA 98203	$653,000	3/1	1,694	0.02
1807 Madison St, Everett, WA 98203	$538,000	3/1	1,212	0.02
6714 Wetmore Ave, Everett, WA 98203	$775,000	3/2	2,020	0.02
1809 Madison St, Everett, WA 98203	$570,000	3/2	1,098	0.03
6712 Wetmore Ave, Everett, WA 98203	$817,000	3/2	2,506	0.04
1813 Madison St, Everett, WA 98203	$556,000	3/2	1,284	0.04
1802 Madison St, Everett, WA 98203	$526,000	3/2	1,068	0.04
1806 Madison St, Everett, WA 98203	$462,000	2/1	832	0.05

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