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7234 47th Ave NE
Marysville, WA 98270 Downtown Marysville

$4,850,000 USD

Apartments For Sale  •  16,244 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,240 SF
  • Lot Size 0.95 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 6.91 %
  • Zoning MU, Marysville
30 Transit Score
60 Walk Score

Highlights

Currently operating at an attractive 6.91% in-place capitalization rate, providing immediate cash flow from day one.
Multiple apartment homes have received interior renovations, enhanced resident appeal and supporting future rent growth.
Every unit has been upgraded with an in-unit washer and dryer.
Fresh exterior paint and new monument signage.
Conveniently located near Interstate 5, State Route 529, and State Route 9.
Abundant off-street parking.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $335,151 USD (2025)
Cap Rate: 6.91 %
Total Expenses: $126,834 USD

Amenities

  • Balcony
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Everett Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 13 min - 7.6 mi
AirportDriveWalkDistance
Seattle Paine Field International 24 min - 15.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Tanner Fogle 360-771-0010 Paragon Real Estate Advisors
Tanner Fogle 360-771-0010 Paragon Real Estate Advisors