16425 Broadway Avenue, Snohomish, WA 98296
- $750,000
- 2,230
- SqFt
Listing courtesy of Real Property Associates.
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- 2511069
- Price Change
- ▼ $15,000 1782864416
- Days on Market
- 98
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,230
- Area Total SqFt
- 2230
- Annual Tax Ammount
- 6931
- Lot Size (sq ft)
- 10,454
- Sewer
- Septic Tank
Property Description
Welcome to this exceptional commercial property zoned R-5 RB for both business and residential use, situated on an expansive 10,454 sq/ft corner lot. This well-established duplex w/ great cash flow opportunities. Situated conveniently close to major highways, including 9, 522, and 405, its prime location ensures ease of access and high demand for rental units. The commercial zoning opens up exciting possibilities for increasing the property's value. In addition, its proximity to abandoned RR tracks earmarked for future trail development adds another layer of potential appreciation. Both units of this property offer spacious layouts featuring 2 bedrooms and 1 bathroom each, complemented by generously sized living rooms complete w/ fireplaces.
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Additional Information
- List Date
- 2026-04-21 19:13:11
- Community
- Maltby
- Net Operating Income
- $42,200
- Gross Adjusted Income
- $50,400
- Gross Scheduled Income
- $50,400
- Total Monthly Income
- $50,400
- Insurance Expenses
- $1,269
- Gross Rent Multiplier
- 15.4
- Total Expenses
- $8,200
- Cap Rate
- 5.4
- Total Number of Units
- 2
- Unit Name
- 16425
- Potential Terms
- Cash, Conventional
- Year Built
- 1922
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking
- Energy Source
- Electric, Natural Gas
- School District
- Snohomish
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $50,400
- Gross Scheduled Income
- $50,400
- Gross Adjusted Income
- $50,400
- Tax Year
- 2025
- Insurance Expense
- $1,269
- Total Expenses
- $8,200
- Net Operating Income
- $42,200
- Gross Rent Multiplier
- 15.4
- Cap Rate
- 5.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.