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!
Sold
Listed by: John L. Scott Woodinville
Bought with: Keller Williams Rlty Bellevue
$1,240,500
633 635 Smith Street, Monroe, WA 98272
--beds
--baths
4,024sqft
Multi Family
Built in 2008
-- sqft lot
$1,209,600 Zestimate®
$308/sqft
$2,484 Estimated rent
Home value
$1,209,600
$1.12M - $1.29M
$2,484/mo
Zestimate® history
Owner options
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$2,484/mo
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$2,484/mo
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$7,327/mo
Est. payment
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$7,327/mo
Est. payment
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Island kitchensFloor plansAdditional storage room
Zillow last checked:
Listing updated:
Listed by:
Dave Anderson,
John L. Scott Woodinville
Bought with:
Kelsey L. Bellin, 108659
Keller Williams Rlty Bellevue
Source: NWMLS as distributed by MLS GRID,MLS#: 2187688
Facts & features
Interior
Heating
- Forced Air, Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,024
- Total interior livable area: 4,024 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Covered spaces: 4
- Uncovered spaces: 6
Features
- Patio & porch: Ceramic Tile, Laminate, Wall to Wall Carpet
Lot
- Size: 5,227 sqft
- Features: Dead End Street, Secluded, Deck, Fenced-Partially
Details
- Parcel number: 27060100420100
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Planked, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 2008
- Major remodel year: 2008
Utilities & green energy
- Electric: Company: Snohomish Co PUD
- Sewer: Sewer Connected, Company: Highland Water District
- Water: Public, Company: Highland Water District
Community & neighborhood
Location
- Region: Monroe
- Subdivision: Monroe
Other
Other facts
- Listing terms: Conventional,FHA
- Cumulative days on market: 780 days
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2024 | Sold | $1,240,500-3.7%$308/sqft |
Source:  NWMLS as distributed by MLS GRID #2187688 Report a problem | ||
| 1/23/2024 | Pending sale | $1,288,000$320/sqft |
Source: NWMLS as distributed by MLS GRID #2187688 Report a problem | ||
| 1/5/2024 | Listed for sale | $1,288,000$320/sqft |
Source: NWMLS as distributed by MLS GRID #2187688 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98272
Nearby schools
GreatSchools rating
- 5/10Frank Wagner Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 6/10Park Place Middle SchoolGrades: 6-8Distance: 0.5 mi
- 6/10Monroe High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Frank Wagner Elem
- Middle: Park Place Middle Sc
- High: Monroe High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,209,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,209,600
- Washington
- Snohomish County
- Monroe
- 98272
- 633 635 Smith Street
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