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Exterior
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Kitchen
Living
Other
Bedroom
Bath
Entry Way
View/Area

5206 S 2nd Ave, Everett, WA 98203

$657,500
Last sold 05/22/2024 after 47 Days
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bed
—
bath

House not for sale

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About 5206 S 2nd Ave

Property type House

Neighborhood

Year built 1922

HOA fee $0/month

Lot size 4,791 Sqft

Property description

ATTENTION Owner Occupied or NOO Investors - 6.68% CAP RATE! This is a Commercial Building (Former Hair Salon) with B-2 zoning in the Lowell Neighborhood that is now a Non-Conforming Triplex an FHA ASSUMABLE LOAN w/ 2.75% INTEREST!!! 3 bedroom unit upstairs w/ laundry has been renovated and will be vacant on 4/30 for an immediate opportunity to increase rent/income and owner occupy or choose your tenant! There are two 1 bedroom units on the lower level + shared laundry for those two units. Future use could include your business with great storefront space on ground level and ample parking. Commuters dream with easy access to public transit, I-5, Hwy 9, & Boeing. Just down the street from Lowell Riverfront Trail and Parks!

Listed by

Listing Agent - Katie Silver

Listing Office - Keller Williams Realty Bothell

Source: NWMLS

MLS#2219558 • last updated 1 year ago

Movoto checked NWMLS for data 10 minutes ago

Overview
Cooling/AC	None
Levels/Style	Triplex
MLS #	2219558
SubType	Multi-Family
Type	Residential Income
Status	Sold
Lot Size (SqFt)	4791
Lot Size (Acres)	0.11
Property Tax	4299
Buying Office	John L. Scott Snohomish
Year Built	1922
Buying Office Phone	360-217-8670

Exterior
Roof	Composition
# Open Parking Spaces	4
# Parking Spaces	4
# Uncovered Spaces	4
Exterior Features	Metal/Vinyl

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric

Location
County	Snohomish
Subdivision	Lowell
Area	740 - Everett/Mukilteo
Elementary School	Buyer To Verify
Middle School	Buyer To Verify
High School District	Everett
High School	Buyer To Verify
APN	500301800201
Directions	I-5 To 41st St Exit.Go East On 41st To South 3rd. Right On S 3rd To Junction. Junction Becomes S 2nd. Property Is On The Right.Street Parking In Front Of Building.

Multifamily Details
Net Operating Income	43438
Capitalization Rate	6.68
Expense: Insurance	1477
Expense: Electricity	1894
Gross Scheduled Income	53700
Expense: Other	800
Gross Adjusted Income	53700
Total Expenses	10262
Gross Rent Multiplier	11
Nwm_Totalmonthlyincome	4475

Lot/ Land Details
Site Features	Cable TV, Deck, High Speed Internet, Patio

Rental est.: $1,404/month

• Gross rent multiplier: 39.0

Lower your payment with the loan terms that fit you.

May 2024
Public Records
May 23, 2024 Sold
$657,500
May 2024
MLS # 2219558
May 22, 2024 Sold
$657,500 (+1.2%)
Apr 26, 2024 Pending
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Apr 11, 2024 Active
—
Apr 5, 2024 Listed
$650,000 (+31.3%)
Jun 2020
Public Records
Jun 24, 2020 Sold
$495,000
Jun 2020
MLS # 1579523
Jun 24, 2020 Sold
$495,000 (-0.8%)
Mar 17, 2020 Listed
$499,000 (+38.6%)
Apr 2015
MLS # 770303
Apr 11, 2015 Listed
$360,000 (+24.1%)
Jan 2007
Public Records
Jan 17, 2007 Sold
$290,000 (+16.0%)
Apr 2004
MLS # 24022141
Apr 1, 2004 Sold
$249,977
Feb 21, 2004 Listed
$249,977 (+18.3%)
Mar 2004
Public Records
Mar 31, 2004 Sold
$249,977
Jun 2001
Public Records
Jun 8, 2001 Sold
$211,351

Year Property taxes Tax assessment
2025
$4,826 +12.2%

$558,500 +6.93%
2023
$4,299 +2.2%

$522,300 +13.89%
2022
$4,207 +32.9%

$458,600 +41.11%
2021
$3,165 -13.4%

$325,000
2020
$3,656

$325,000

5206 S 2nd Ave
$657K
Lowell
$700K -20% 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
5214 S 2nd Ave, Everett, WA 98203	$507,000	3/1	1,387	0.03
2222 52nd St Se, Everett, WA 98203	$895,000	3/2	3,005	0.03
5209 S 3rd Ave, Everett, WA 98203	$569,000	3/1	1,234	0.04
5211 S 3rd Ave, Everett, WA 98203	$578,000	4/1	1,404	0.04
5207 S 3rd Ave, Everett, WA 98203	$666,000	3/2	1,824	0.04
5215 S 3rd Ave, Everett, WA 98203	$444,000	1/1	744	0.05
2215 Main St, Everett, WA 98203	$688,000	3/1	1,630	0.06
2228 Main St, Everett, WA 98203	$568,000	3/1	1,116	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.