Property Details
2004 Valley View Drive
Lake Stevens, WA 98258
$1,139,050
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Property Overview
Welcome to this stunning triplex nestled in Lake Stevens on 1.61 acres! As you enter, the property features breathtaking river/valley views. Explore opportunities for investment with three rental units, all currently rented; immediate income potential. Two units offer 944sqft, two-bedroom, one-bath spaces w/ two-car carports. For the resident's convenience, separate laundry/storage are also provided. The third unit boasts 1800+sqft, two ensuites, an in-unit laundry, & office space, w/ custom features throughout! Additionally, this unit features a separate lower garage space. This property has quick access to Hwy 2/Hwy 204. Don't miss this rare opportunity to own a piece of paradise in the heart of the Snohomish Valley!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Lake Stevens
Listed
Jun 2, 2026
Structure Type
Triplex
Parcel Number
00604200000101
Tax & HOA
Annual Property Tax
$8,949 (2025)
Est. Monthly Tax
$746/mo
Financial Summary
Cap Rate
5.75%
Net Operating Income
$68,907
Gross Scheduled Income
$80,280
Gross Rent Multiplier
14.94
Total Expenses
$11,373
Building & Use
Building Sq Ft
3,776
Leasable Area
3,776 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
27,443 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.63 sqft
Year Built
1976
Exterior Materials
Cement Plank, Wood
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Corner Lot, Dead End Street, Paved
Exterior Features
Cement Planked, Wood
Community & Access
Directions
From 20th St. Head South on Cavalero Rd. Right on 26th St. Continue on 71st Ave. Left Valley View Dr. Triplex is at the end of the street.
Location
City
Lake Stevens
County
Snohomish
Coordinates
47.97788, -122.13648
Additional Information
Tax Year
2025
Annual Taxes
$8,949
Possession
Array
Based on information submitted to the MLS GRID as of June 10, 2026 5:45 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.
