Property Details
303 Poppy Road
Bothell, WA 98012
$4,199,900
Pending
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Property Overview
Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Snohomish
Neighborhood
Canyon Park
Listed
Nov 18, 2025
Financial Summary
Cap Rate
6.60%
Net Operating Income
$276,883
Building & Use
Building Sq Ft
12,750
Leasable Area
12,750 sqft
Zoning
Residential
Possible Use
Residential
Lot Size
4.55 acres
Year Built
1968
Exterior & Lot
Lot Size
4.55 sqft
Year Built
1968
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood
Location
City
Bothell
County
Snohomish
Coordinates
47.82678, -122.22728
Additional Information
Tax Year
2025
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.
