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Exterior
Living
Kitchen
Other
Bath
Bedroom
Floorplan

507 Madison Ave, Everett, WA 98203

$850,000
Last sold 08/04/2025 for $850K
—
bed
—
bath
2,028
Sqft ($419/Sqft)

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About 507 Madison Ave

Property type House

Neighborhood

Year built 1991

HOA fee $0/month

Lot size 7,841 Sqft

Movoto estimate

Property description

Fully renovated 1991-built duplex—each unit 3BD/2BA, 1,014?SF with washer/dryer hookups, great-room layout, and attached 1-car garage. Major 2022 upgrades include new roof, LVP flooring throughout, LED lighting, cabinets, countertops, tub surrounds, hot water heaters, and gutters. Excellent condition with strong rental appeal. Just minutes to Boeing and Amazon facilities, tapping into a robust local job market. Ideal for investors seeking low-maintenance income with premium tenants or owner-occupant opportunity with great financing options.

Listed by

Listing Agent - Corey Crain

Listing Office - Keller Williams Realty Bothell

Source: NWMLS

MLS#2401671 • last updated 1 year ago

Movoto checked NWMLS for data 4 minutes ago

Overview
Cooling/AC	None
Heating	Wall Unit(s)
Levels/Style	Duplex
MLS #	2401671
SubType	Multi Family
Type	Residential Income
SqFt	2028
Status	Sold
Lot Size (SqFt)	7841
Lot Size (Acres)	0.18
Property Tax	4809
Buying Office	John L. Scott Mill Creek
Year Built	1991
Buying Office Phone	425-743-1600
Condition	Good

Interior
Flooring	Laminate

Exterior
Foundation	Poured Concrete
Roof	Composition
Construction	Wood
# Open Parking Spaces	4
# Covered Spaces	2
# Parking Spaces	6
# Uncovered Spaces	4
Exterior Features	Wood Products

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, Everett Public Works
Water	Public
Water Company	Everett Public Works
Power Company	Snohomish PUD
Power Production: Type	Electric
HOA Amenities	Thermal Windows

Location
County	Snohomish
Subdivision	Madison
Area	740 - Everett/Mukilteo
High School District	Everett
APN	28050600301100
Zoning	Multi-Family

Multifamily Details
Net Operating Income	50583
Capitalization Rate	5.7
Expense: Insurance	5046
Expense: Electricity	160
Gross Scheduled Income	65820
Gross Adjusted Income	62529
Total Expenses	11946
Gross Rent Multiplier	12
Nwm_Totalmonthlyincome	5485
Vacancy Rate	5

$850K

Range: $756K-$943K

Last 30 days

Rental est.: $1,356/month

• Gross rent multiplier: 52.2

Lower your payment with the loan terms that fit you.

Aug 2025
Public Records
Aug 4, 2025 Sold
$850,000
Aug 2025
MLS # 2401671
Aug 4, 2025 Sold
$850,000 (-2.9%)
Jul 4, 2025 Pending
—
Jun 30, 2025 Listed
$875,000 (+59.1%)
Apr 2021
Public Records
Apr 30, 2021 Sold
$550,000
Apr 2021
MLS # 1766768
Apr 29, 2021 Sold
$550,000
Apr 29, 2021 Listed
$550,000 (+84.4%)
Dec 2009
Public Records
Dec 2, 2009 Sold
$298,280
Dec 2009
MLS # 29136578
Dec 2, 2009 Sold
$298,000 (-20.5%)
Sep 24, 2009 Listed
$375,000

507 Madison Ave
$850K
View Ridge-Madison
$722K 0% y/y
98203
$574K -11% y/y
Everett
$524K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
429 Madison St, Everett, WA 98203	$470,000	2/1	874	0.02
431 Madison St, Everett, WA 98203	$593,000	3/1	1,428	0.02
421 Madison St, Everett, WA 98203	$739,000	4/2	2,082	0.03
500 Madison St, Everett, WA 98203	$718,000	4/2	1,815	0.04
413 Madison St, Everett, WA 98203	$586,000	3/1	1,368	0.04
504 Tamarack Ave, Everett, WA 98203	$543,000	2/1	1,006	0.05
415 Madison St, Everett, WA 98203	$559,000	3/1	1,050	0.05
514 Tamarack Ave, Everett, WA 98203	$528,000	2/1	1,412	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.