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Sold on 02/23/2024

633 635 Smith St, Monroe, WA 98272

  • $1,160,000

    Last sold 02/23/2024 for $1.24M

  • —

    bed

  • —

    bath

  • 4,024

    Sqft ($308/Sqft)

House not for sale
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About 633 635 Smith St

Property type House
Neighborhood
Year built 2008
HOA fee $0/month
Lot size 5,227 Sqft
Movoto estimate
Property description
Investment opportunity in Historic Downtown Monroe! This well-built, generously sized duplex feature 3 & 4 bedroom floor plans with a well-thought-out great room concept, complete with island kitchens. The primary suites w/ ensuite & walk-in-closets. Each unit has attached 2-car garage w/ additional storage room, along with additional off-street/RV parking, making these townhomes desirable for the rental market. A track record of long-term tenants w current rents below market rates, this property presents an enticing prospect for investors looking for stability and growth. Potential for increased returns with new leases, as market rents achieve a 5+% CAP RATE (currently at 4.4%). A fantastic turnkey addition to any real estate portfolio!
Listed by
Listing Agent - Dave Anderson
Listing Office - John L. Scott Woodinville
Source: NWMLS mls logo
MLS#2187688 • last updated 1 year ago
Movoto checked NWMLS for data 14 minutes ago
Overview
Cooling/AC None
Heating Forced Air
Levels/Style Duplex
MLS # 2187688
SubType Multi-Family
Type Residential Income
SqFt 4024
Status Sold
Lot Size (SqFt) 5227
Lot Size (Acres) 0.12
Property Tax 7238
Buying Office Keller Williams Rlty Bellevue
Year Built 2008
Buying Office Phone 425-454-0911
Condition Good
Interior
Exterior
Foundation Poured Concrete
Roof Composition
# Open Parking Spaces 6
# Covered Spaces 4
# Parking Spaces 6
# Uncovered Spaces 6
Amenities / Utilities
Sewer/ Septic Sewer Connected, Highland Water District
Water Public
Water Company Highland Water District
Power Company Snohomish Co PUD
Power Production: Type Electric
Security Features FullyFenced
Location
County Snohomish
Subdivision Monroe
Area 610 - Southeast Snohomish
Elementary School Frank Wagner Elem
Middle School Park Place Middle Sc
High School District Monroe
High School Monroe High
APN 27060100420100
Zoning Multi-Family
Multifamily Details
Net Operating Income 56487
Capitalization Rate 4.38
Expense: Insurance 1075
Gross Scheduled Income 64800
Gross Adjusted Income 56487
Total Expenses 8313
Gross Rent Multiplier 19.89
Nwm_Totalmonthlyincome 5400
Lot/ Land Details
Site Features Deck, Fenced-Partially
$1.16M
Range: $928K-$1.39M
Last 30 days 
Rental est.: $1,860/month
Gross rent multiplier: 55.6
Powered By Movoto
  • Feb 2024
    mls logo MLS # 2187688
  • Feb 23, 2024 Sold
    $1,240,500 (-3.7%)
  • Jan 22, 2024 Pending
    —
  • Jan 4, 2024 Listed
    $1,288,000
  • 633 635 Smith St
    $1.24M
  • 610 - Southeast Snohomish
    —
  • 98272
    $789K -4% y/y
  • Monroe
    $794K -4% y/y
No chart available
Statistics calculated by Movoto

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3/10
Frank Wagner Elementary School
public Grades PK, K-5
Monroe School District
6/10
Monroe High School
public Grades 9-12
Monroe School District
Source: GreatSchools.org © 2026. All rights reserved.

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