16425 Broadway Avenue
16425 Broadway Avenue
Snohomish, WA 98296
$799,950
Price
4
Beds
2
Baths
2,230 Sq. Ft.
$359 / Sq. Ft.
2,230
Sq. Ft.
$359
per Sq. Ft.
Listing provided courtesy of Real Property Associates
Description
Welcome to this exceptional commercial property zoned R-5 RB for both business and residential use sitting on an expansive 10, 454 sq/ft corner lot. This well-established duplex w/ great cash flow opportunities. Situated conveniently close to major highways including 9, 522, and 405, its prime location ensures ease of access and high demand for rental units. The commercial zoning opens up exciting possibilities for increasing the property's value. Furthermore, its proximity to abandoned RR tracks...Welcome to this exceptional commercial property zoned R-5 RB for both business and residential use sitting on an expansive 10, 454 sq/ft corner lot. This well-established duplex w/ great cash flow opportunities. Situated conveniently close to major highways including 9, 522, and 405, its prime location ensures ease of access and high demand for rental units. The commercial zoning opens up exciting possibilities for increasing the property's value. Furthermore, its proximity to abandoned RR tracks earmarked for future trail development adds another layer of potential appreciation. Both units of this property offer spacious layouts featuring 2 bedrooms and 1 bathroom each, complemented by generously sized living rooms complete w/ fireplaces.
- Listed by Torrey Morales • Real Property Associates
- Listed by Gordon Stephenson • Real Property Associates
Property Details for 16425 Broadway Avenue
Community Name
Maltby
School DistrictSnohomish
Number of Assigned Spaces6
Total Covered Parking0
Entry Date05-13-2024
Energy SourceNatural Gas
SewerSeptic Tank
Location
Listing Courtesy of Real Property Associates![]()
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LISTING UPDATED: 05/15/2024 11:32 AM
Property Details for 16425 Broadway Avenue
| Status | Active |
|---|---|
| MLS # | 2209347 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $5,536 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1922 |
| Lot Size | 0.24 AC / 10,454 SF |
| County | Snohomish County |
Location
Listing Courtesy of Real Property Associates![]()
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Building Information for 16425 Broadway Avenue
Stories2Residences2Year Built1922Building Size-Lot Size0.24 AC / 10,454 SF
Payment Calculator
$4,827 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,366
Property Taxes
$461
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 16425 Broadway Avenue
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking
- Area: 610 - Southeast Snohomish
- Elementary School: Cathcart Elem
- Middle Or Junior School: Valley View Mid
- High School: Glacier Peak
- Directions: Highway 9 to 164st St Se, go E to the stop sign at Broadway, turn R, property is on the immediate left corner across from the store, Highway 522 to Paradise Rd exit, turn W then R becomes Broadway
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
- Additional Tax Ids: 004038-009-001-00
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 6.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 4
Interior Features
- Fireplaces Total: 0
- Cooling: Yes
- Cooling: Forced Air, Wall Unit(s)
- Fireplace: No
- Heating: Yes
- Heating: Forced Air, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: Snohomish PUD
- Water Company: Cross Valey
- Power Production Type: Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Poured Concrete
- Zoning Class: Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- MLS Square Footage Source: Snohomish County
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 33
Lot Information
- Lot Details: Corner Lot, Paved, Value In Land
- Lot Size Source: Snohomish County
- Parcel Number Free Text: 00403800900100
- Building Condition: Good
- Calculated Square Footage: 2230
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2230.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 6
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 2
- Units Below Grade: true
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 6805.5
- Gross Adjusted Income: 50400
- Gross Rent Multiplier: 15.8
- Gross Scheduled Income: $50,400
- Insurance Expense: $1,270
- Net Operating Income: $43,594
- Other Expenses: $0
- Total Monthly Income: 50400
- Fuel Expense: $0
Unit 1
- Name Unit 1: B
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 1100
- Rent Unit 1: $1,950.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: A
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1130
- Rent Unit 2: $2,250.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 2230.0
- Leasable Area Units: Square Feet
Property History for 16425 Broadway Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 16425 Broadway Avenue
This home is within Snohomish School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 |
Rating | School | Distance |
|---|---|---|
Cathcart Elementary School PublicK to 6 | ||
Valley View Middle School Public7 to 8 | ||
Glacier Peak High School Public9 to 12 | ||
Central Elementary School PublicPK to 2 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Real Property Associates
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.