Property Details
7611 Ridgewood Drive
Everett, WA 98203
$1,150,000
Active
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Property Overview
Four-plex featuring four 2-bedroom units, offering a strong addition to any investment portfolio. This fully occupied property provides immediate rental income with the stability of established tenancy and assigned off-street parking for every unit. Two units feature private fenced yards, while the other two offer the convenience of walk-in closets, creating desirable amenities that help attract and retain tenants. Ideally situated in the popular Valley View area, this property combines a quiet residential setting with exceptional commuter convenience. Residents enjoy quick access to I-5, I-405, Boeing, Paine Field, and major employment centers throughout Everett, Lynnwood, and Bellevue, making it an attractive location for renters seeking an easy daily commute. The location is also close to everyday amenities, including shopping, dining, schools, parks, and recreation. Nearby attractions such as Everett Mall, Paine Field Airport, Mukilteo waterfront destinations, and numerous parks and trails add to the area's long-term rental appeal. Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a turnkey multifamily asset in a high-demand rental market, this Valley View fourplex offers a compelling combination of location, functionality, and income potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Valley View
Listed
Jun 18, 2026
Structure Type
Quadruplex
Parcel Number
00603700000403
Tax & HOA
Annual Property Tax
$7,875 (2026)
Est. Monthly Tax
$656/mo
Financial Summary
Cap Rate
5.15%
Net Operating Income
$59,211
Gross Scheduled Income
$78,612
Gross Rent Multiplier
14.63
Total Expenses
$19,401
Building & Use
Building Sq Ft
3,108
Leasable Area
3,134 sqft
Total Units
4
Lot Size
6,534 sqft
Year Built
1990
Exterior & Lot
Lot Size
0.15 sqft
Year Built
1990
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Dead End Street, Paved
Exterior Features
Wood
Community & Access
Directions
GPS works perfectly.
Location
City
Everett
County
Snohomish
Coordinates
47.92768, -122.19769
Additional Information
Tax Year
2026
Annual Taxes
$7,875
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 5:03 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.
