Property Details
1902 -1904 W Casino Road
Everett, WA 98204
$3,600,000
Active
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Property Overview
There are 20 generously sized 1 BR units plus 2 studio units for a total of 22 units. The studio units are the non conforming units and were recreation rooms before being made into studios over 30 years ago. Each unit has one tuck under parking space and a storage unit. Laundry is located in two laundry rooms, one in each building. See attached docs for seller disclosure. There are 24 under building parking stalls and storage units. New roof within last 3 years completely redone with PVC roofing material with new insulation and plywood!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Casino
Listed
Apr 28, 2026
Structure Type
Multi Family
Parcel Number
00392200003302
Tax & HOA
Annual Property Tax
$33,991 (2025)
Est. Monthly Tax
$2,833/mo
Financial Summary
Cap Rate
4.50%
Net Operating Income
$196,794
Gross Scheduled Income
$287,436
Gross Rent Multiplier
14.00
Total Expenses
$76,270
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
13,840
Leasable Area
27,500 sqft
Total Units
22
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
30,056 sqft
Year Built
1986
Exterior & Lot
Lot Size
0.69 sqft
Year Built
1986
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Exterior Features
Wood, Wood Products
Community & Access
Directions
From Airport Road and HWY 526 go East on Casino Road Buildings on south side of West Casino Road .. please do not disturb tenants
Location
City
Everett
County
Snohomish
Coordinates
47.92155, -122.25943
Additional Information
Tax Year
2025
Annual Taxes
$33,991
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
