Property Details
18440 Killarney Circle
Monroe, WA 98272
$929,000
Active
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Property Overview
Rare Turnkey Tri-Plex Opportunity – Perfect for Investors or House Hackers! Don’t miss this exceptionally maintained, income generating tri-plex offering the ultimate blend of stability and immediate upside. Whether you are an investor looking for a low maintenance addition to your portfolio or an owner occupant looking to "house hack" and let your neighbors pay your mortgage, this property delivers. The heavy lifting has already been done: Enjoy total peace of mind with a brand new roof, all new exterior siding, and fresh exterior paint. This turnkey exterior means remarkably low future maintenance costs and a secure, protected asset from day one. Perfect for an Owner Occupant: The middle unit is currently vacant and fully updated with modern finishes. It is completely move in ready for a buyer, or primed to immediately lease at top of the market rent to maximize your Cap Rate. The remaining two units offer stable, existing income to offset your expenses. Centrally located with convenient access to local shopping, parks, and major commuter routes, driving high tenant demand and low vacancy rates. Turnkey multi-family properties with the big ticket items already completed!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Monroe
Listed
Jun 4, 2026
Structure Type
Triplex
Parcel Number
00707200001300
Tax & HOA
Annual Property Tax
$5,706 (2026)
Est. Monthly Tax
$476/mo
Financial Summary
Cap Rate
5.44%
Net Operating Income
$50,531
Gross Scheduled Income
$58,800
Gross Rent Multiplier
15.80
Total Expenses
$24,251
Building & Use
Building Sq Ft
2,700
Leasable Area
2,700 sqft
Total Units
3
Lot Size
10,019 sqft
Year Built
1988
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1988
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Community & Access
Directions
From I-5 merge onto US-2 E via exit 194 toward Snohomish, Wenatchee. Right on N Kelsey St. Right on Blueberry Lane/152nd St SE. Continue to follow Blueberry Lane. Left on Killarney Circle.
Location
City
Monroe
County
Snohomish
Coordinates
47.85725, -121.98370
Additional Information
Tax Year
2026
Annual Taxes
$5,706
Possession
Array
Based on information submitted to the MLS GRID as of June 5, 2026 4:00 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.
