Beautifully updated duplex in a prime Lake Stevens location, offering an exceptional opportunity for investors or owner-occupants. This turnkey property boasts an impressive 6% cap rate, making it an attractive addition to any investment portfolio. Each spacious unit features a functional two-story floor plan with an open main level, including a generous living area, updated kitchen, and convenient half bath, while the upper level offers comfortable bedrooms and a full bath. Recent improvements throughout provide a fresh, modern feel, and the former carports have been converted into fully enclosed garages for added convenience, security, and storage. Each unit also enjoys a private backyard, creating a welcoming outdoor space to relax or entertain. Ideally situated just blocks from Lundeen Park, Lake Stevens, neighborhood amenities, and with easy access to I-5, Highway 9, and Frontier Village, this property offers the perfect combination of strong cash flow, modern updates, and an outstanding location.
Active
Listed by: Real Residential • Jessica Schmuland
$870,000
2424 99th Avenue NE, Lake Stevens, WA 98258
6beds
4baths
2,400sqft
:
Get pre-qualified$5,363/mo
Duplex, Multi Family
Built in 1991
-- sqft lot
$853,100 Zestimate®
$363/sqft
$-- HOA
What's special
Private backyardModern updatesUpdated kitchenFully enclosed garagesSpacious unitFunctional two-story floor planRecent improvements throughout
- 19 days |
- 547 |
- 46 |
Zillow last checked:
Listing updated:
Listed by:
Jessica Schmuland,
Real Residential
Source: NWMLS as distributed by MLS GRID,MLS#: 2549662
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Baseboard, Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 4
Lot
- Size: 0.42 Acres
- Features: Dead End Street, Paved, Fenced-Fully
Details
- Parcel number: 00417700001110
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Products
- Foundation: Block
- Roof: Composition
Condition
- Good
- Year built: 1991
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Lake Stevens
Location
- Region: Lake Stevens
Financial & listing details
- Price per square foot: $363/sqft
- Tax assessed value: $706,100
- Annual tax amount: $6,287
- Date on market: 7/6/2026
- Cumulative days on market: 20 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$853,100
$810,000 - $896,000
$2,661/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Listed for sale | $870,000+85.9%$363/sqft |
Source:  NWMLS as distributed by MLS GRID #2549662 Report a problem | ||
| 5/31/2019 | Sold | $468,000+20%$195/sqft |
Source: Public Record Report a problem | ||
| 8/4/2011 | Listing removed | $1,050 |
Source: All Star Management Report a problem | ||
| 7/6/2011 | Listed for rent | $1,050 |
Source: All Star Management Report a problem | ||
| 4/23/2007 | Sold | $390,000+123.5%$163/sqft |
Source: NWMLS as distributed by MLS GRID #27040081 Report a problem | ||
| 4/26/1995 | Sold | $174,500$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,424 +6.3% | $706,100 +7.9% |
| 2023 | $6,044 +5.2% | $654,500 -2.9% |
| 2022 | $5,747 +6.1% | $673,800 +35% |
| 2021 | $5,415 +7.7% | $499,000 +12.1% |
| 2020 | $5,027 +2.6% | $445,300 +5.7% |
| 2019 | $4,899 | $421,300 +11.5% |
| 2018 | -- | $377,700 +25.5% |
| 2017 | $4,408 | $301,000 +14.1% |
| 2016 | -- | $263,800 +11.6% |
| 2015 | -- | $236,300 +4.3% |
| 2013 | $3,343 | $226,500 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2001 | $2,498 -7.4% | $194,200 +13.3% |
| 2000 | $2,697 | $171,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98258
Nearby schools
GreatSchools rating
- 7/10Sunnycrest Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10North Lake Middle SchoolGrades: 6-7Distance: 1.5 mi
- 9/10Lake Stevens Sr High SchoolGrades: 10-12Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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