5113 S 4th Avenue, Everett, WA 98203

Property Description

Turnkey duplex with side-by-side units in Everett's Lowell neighborhood offering mountain, river, and territorial views in a private, peaceful setting. Each unit features 2 bedrooms, 1.5 baths, and 1,156 sq ft of thoughtfully designed living space with updated kitchens, private washer and dryer, thermal windows, and two private decks, each with outdoor storage, plus a separate larger storage area below that could be finished or used for hobbies or a workspace. Both long-term tenants are on month-to-month leases at $1,950 per side, generating $3,900 per month in gross income with a 5.36% cap rate and $38,843 NOI at the listed price. Investors will appreciate the stable income, low vacancy history, and below-market rent upside. Owner occupants can live on one side and let the other offset their mortgage. Additional parking in the rear accommodates 3 to 4 vehicles with potential RV or boat storage. Unit B will be available August 1st, making this an easy transition for an owner occupied buyer.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 1:22PM

Listing Office:

eXp Realty : 888-317-5197

Listing Agent:

Jason Windom : 888-317-5197

MLS ID:

2544459

Interior

• Flooring: LaminateVinylCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0
• Eco/Green Feature: Thermal Windows

Exterior

• General: Wood
• Parking: Parking spaces: 4

Construction

• Roofing: Composition
• General: 52 - DuplexPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Everett
• County: Snohomish

Lot

• Zoning: 00500301600700
• View: MountainsRiverTerritorialView

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls