Property Details
16425 Broadway Avenue
Snohomish, WA 98296
$775,000
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Property Overview
Welcome to this exceptional commercial property zoned R-5 RB for both business and residential use, situated on an expansive 10,454 sq/ft corner lot. This well-established duplex w/ great cash flow opportunities. Situated conveniently close to major highways, including 9, 522, and 405, its prime location ensures ease of access and high demand for rental units. The commercial zoning opens up exciting possibilities for increasing the property's value. In addition, its proximity to abandoned RR tracks earmarked for future trail development adds another layer of potential appreciation. Both units of this property offer spacious layouts featuring 2 bedrooms and 1 bathroom each, complemented by generously sized living rooms complete w/ fireplaces.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Maltby
Listed
Apr 21, 2026
Financial Summary
Cap Rate
5.40%
Net Operating Income
$42,200
Gross Scheduled Income
$50,400
Gross Rent Multiplier
15.40
Total Expenses
$8,200
Building & Use
Building Sq Ft
2,230
Leasable Area
2,230 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
10,454 sqft
Year Built
1922
Exterior & Lot
Lot Size
0.24 sqft
Year Built
1922
Exterior Materials
Wood
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Corner Lot, Paved, Value In Land
Exterior Features
Wood
Location
City
Snohomish
County
Snohomish
Coordinates
47.84745, -122.09928
Additional Information
Tax Year
2025
Annual Taxes
$6,931
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.
