Property Details

5411 99th Place NE #A/B
Marysville, WA 98270
$799,950
MLS# 2560187 courtesy of NWMLS Listing firm: HomeSmart Real Estate Assoc

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5411 99th Place NE #A/B, Marysville, WA 98270, Marysville

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5411 99th Place NE #A/B, Marysville, WA 98270, Marysville

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Multi-Family
Property Type
2,364
Bldg Sq Ft
3
Units
5.80%
Cap Rate
1994
Year Built

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
Listed By
Jason Allen Stricevich
HomeSmart Real Estate Assoc

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