Property Details
5411 99th Place NE #A/B
Marysville, WA 98270
$799,950
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Property Overview
Excellent investment opportunity in a desirable Marysville neighborhood! This spacious duplex features two approximately 1,182-square-foot units, each offering 2 bedrooms, 2 bathrooms, an open floor plan, in-unit laundry, a private fenced yard, and its own 2-car garage. Both units also feature gas heat, gas water heaters, and gas fireplaces. Unit A has been extensively remodeled with an updated kitchen, bathrooms, flooring, and finishes, and is leased at a premium rental rate. Unit B is occupied by a reliable long-term tenant and has also seen significant recent upgrades, including new luxury vinyl plank flooring throughout, new appliances, a new gas fireplace insert, replacement of fogged windows, new blinds, new interior doors, a new gas hot water tank, new bathroom exhaust fans, and a new cedar privacy fence surrounding the yard. Pre Inspection Available. Just ask LA. The roof was installed around 2017, has been recently inspected, and was found to be in good condition. The exterior was painted approximately five years ago. Both units are occupied, with tenants contributing toward utilities, providing stable income and reduced operating expenses. Located on a quiet cul-de-sac with convenient access to shopping, schools, and commuter routes, this is a well-maintained, turnkey investment offering strong rental appeal and long-term upside.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Marysville
Listed
Jul 24, 2026
Structure Type
Duplex
Parcel Number
00822200000300
Tax & HOA
Annual Property Tax
$5,740 (2025)
Est. Monthly Tax
$478/mo
Financial Summary
Cap Rate
5.80%
Net Operating Income
$46,400
Gross Scheduled Income
$56,940
Gross Rent Multiplier
14.00
Total Expenses
$10,540
Building & Use
Building Sq Ft
2,364
Leasable Area
2,364 sqft
Total Units
3
Lot Size
11,761 sqft
Year Built
1994
Exterior & Lot
Lot Size
0.27 sqft
Year Built
1994
Garage
4 spaces
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Lot Features
Cul-De-Sac, Sidewalk
Exterior Features
Brick, Wood
Community & Access
Directions
From 100th take 55th South 1/2 Block to 99th, Home at end of Cul-De-Sac on right.
Location
City
Marysville
County
Snohomish
Coordinates
48.08539, -122.15767
Additional Information
Tax Year
2025
Annual Taxes
$5,740
Possession
Array
