Property Details
1015 Madison Avenue
Darrington, WA 98241
$1,095,000
Active
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Property Overview
Fully renovated six-unit apartment building offering a low-maintenance, turnkey investment. The property has been revitalized with major capital improvements completed, including new plumbing, roof, siding, and updated interiors throughout—minimizing near-term expenses and ownership risk. Interior upgrades include LVP flooring, updated kitchens, and bathrooms with tile floors and full tile surrounds. The six-unit layout provides a quiet, low-density living environment with shared on-site laundry. Located in the heart of Darrington, the property offers walkable access to shops, schools, and everyday amenities, plus close proximity to outdoor recreation. Ideal for investors seeking stable income and long-term durability.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Darrington
Listed
Jan 13, 2026
Financial Summary
Cap Rate
7.90%
Net Operating Income
$87,004
Gross Scheduled Income
$117,000
Gross Rent Multiplier
9.35
Total Expenses
$24,146
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,044
Leasable Area
3,044 sqft
Total Units
6
Zoning
Commercial,Multi-Family
Possible Use
Commercial, Multi-Family
Lot Size
18,731 sqft
Year Built
1958
Exterior & Lot
Lot Size
0.43 sqft
Year Built
1958
Exterior Materials
Cement Plank
Sewer
Septic Tank
Water Source
Community
Lot Features
Corner Lot, Curbs, Dead End Street, Paved, Sidewalk
Exterior Features
Cement Planked
Location
City
Darrington
County
Snohomish
Coordinates
48.25484, -121.60848
Additional Information
Tax Year
2026
Annual Taxes
$3,659
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
