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8568 Falls Ave SE 2 Unit Apartment Building $730,000 ($365,000/Unit) 5.72% Cap Rate Snoqualmie, WA 98065
Investment Highlights
- Easy access to local shops and nature
- Offers beautiful views of Mt. Si
Executive Summary
Charming duplex with non-conforming third unit just blocks from Downtown Snoqualmie, offering tranquil living with stunning views of Mt. Si. The main house features two 1- bedroom, 1-bath units, each with a spacious kitchen, separate living room, and shared small porch. A non-conforming detached studio includes hardwood floors, high-beamed ceiling & an updated bath, perfect for visiting guests or additional rental income. The property sits on a large level lot with off-street parking and a shared laundry facility. Live in one unit and rent the others to help offset your mortgage while being surrounded by the unique blend of natural beauty & small town charm for a quieter or slower lifestyle.
Property Facts
| Price | $730,000 | Apartment Style | Low-Rise |
| Price Per Unit | $365,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.72% | Building Size | 1,410 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | ||
| Zoning | RC | ||
| Price | $730,000 |
| Price Per Unit | $365,000 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 1,410 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | RC |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 600 |
1 1
Property Taxes
| Parcel Number | 784920-0860 | Improvements Assessment | $395,000 |
| Land Assessment | $204,000 | Total Assessment | $599,000 |
Property Taxes
Parcel Number
784920-0860
Land Assessment
$204,000
Improvements Assessment
$395,000
Total Assessment
$599,000
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8568 Falls Ave SE
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