Pending · Residential Income

11243 30th Street NE, Lake Stevens, WA 98258

Lake Stevens, WA 98258

$999,900

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Real Broker LLC · MLS #2572714 · Pending

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About this property

Hard-to-find, leased duplex offering immediate income and strong investment potential! Gross annual income of $59,940 with taxes/insurance of $10,331 produces an NOI of $49,609 and approx. 4.9% CAP at $999K. Current rents are $2,400 & $2,595/mo, with PM-projected market rents of $2,895/unit, offering potential for approx. 5.8% CAP at market rents. Tenants pay all utilities. Each spacious unit features 3 beds, 2.5 baths, bonus room, large dining area, gas fireplace, gas cooking/heat, 2-car garage PLUS abundant additional parking and enormous, level, fully fenced private yards—a standout feature for tenants. HardiePlank siding and fresh exterior paint. Unit A offers bamboo flooring & SS appliances; Unit B features LVP, white appliances & new cooktop. Located in the highly desirable Lake Stevens School District, walking distance to the high school and convenient to Hwy 9. Generous floorplans provide the space and functionality renters seek, while individual garages, extensive off-street parking and expansive fenced outdoor spaces help set this property apart from typical multifamily offerings. Established tenancy provides income from the start, while projected market rents offer additional upside for the future. An appealing combination of location, livability, rental demand and income potential makes this a compelling opportunity to acquire an established investment property in a sought-after Lake Stevens community.

Property details

Property type: Multi Family
Year built: 2010
Lot size: 11,326 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $8,459 (2026)
Parking spaces: 10
School district: Lake Stevens

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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