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429 1st Ave N 429 1st Ave N 4 Unit Apartment Building $1,200,000 ($300,000/Unit) 3.63% Cap Rate Algona, WA 98001
Executive Summary
Fully Rented and well maintained. Close to Boeing. Property is situated on a large lot with lots of parking and easy access to I-167. The individual 2 Bedroom 1 Bath units are good size with updated carpeting, appliances, and vinyl windows and flooring in most of the units. Washer/Dryer hook ups in each unit and large deck areas. Call agent for access information.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $300,000 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 3,008 SF |
| Cap Rate | 3.63% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1981 |
| Property Type | Multifamily | ||
| Zoning | C-1 | ||
| Price | $1,200,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 3.63% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.28 AC |
| Building Size | 3,008 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Zoning | C-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,300 | 750 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 335640-5680 | Total Assessment | $629,000 (2025) |
| Land Assessment | $166,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $463,000 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
335640-5680
Land Assessment
$166,000 (2025)
Improvements Assessment
$463,000 (2025)
Total Assessment
$629,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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