Log In/Sign Up
Your email has been sent.
930 Stitch Rd 2 Unit Apartment Building $1,200,000 ($600,000/Unit) 4.61% Cap Rate Lake Stevens, WA 98258
Investment Highlights
- One of Lake Stevens' most desirable areas
- Two units have been completely renovated
- 1.38-acre level lot
Executive Summary
Rare Duplex Opportunity with Lake & Mountain Views on Coveted Stitch Road! Incredible investment or house-hacking opportunity in one of Lake Stevens’ most desirable neighborhoods. Completely renovated duplex sits on a spacious 1.38-acre lot offering privacy, views, and long-term potential. Each unit features 2 bedss and 1.5 baths, providing a total of 4 beds & 3 baths across the property. 3 private garages, in-unit laundry hookups, & separate utilities. Ready for immediate rental income or future value-add possibilities with an unfinished basement & 3rd meter, this property offers exceptional flexibility & upside in a serene, sought-after Lake Stevens setting with lake & mountain views just minutes from shopping, parks, & top-rated schools.
Data Room Click Here to Access
- Title and Insurance
Financial Summary (Actual - 2024) 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 - 2024) 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 | $600,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.61% | Lot Size | 1.34 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 2,294 SF |
| Gross Rent Multiplier | 17.86 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1994/2025 |
| Property Type | Multifamily | Parking Ratio | 1.31/1,000 SF |
| Zoning | R4 - Residential | ||
| Price | $1,200,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 17.86 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 2,294 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2025 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $2,800 | 1,147 - 1,175 |
1 1
Property Taxes
| Parcel Number | 004931-000-017-01 | Total Assessment | $802,300 (2025) |
| Land Assessment | $391,400 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $410,900 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
004931-000-017-01
Land Assessment
$391,400 (2025)
Improvements Assessment
$410,900 (2025)
Total Assessment
$802,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
930 Stitch Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.