Investment opportunity in Historic Downtown Monroe! This well-built, generously sized duplex feature 3 & 4 bedroom floor plans with a well-thought-out great room concept, complete with island kitchens. The primary suites w/ ensuite & walk-in-closets. Each unit has attached 2-car garage w/ additional storage room, along with additional off-street/RV parking, making these townhomes desirable for the rental market. A track record of long-term tenants w current rents below market rates, this property presents an enticing prospect for investors looking for stability and growth. Potential for increased returns with new leases, as market rents achieve a 5+% CAP RATE (currently at 4.4%). A fantastic turnkey addition to any real estate portfolio!
Sold
Listed by:
Dave Anderson,
John L. Scott Woodinville
$1,240,500
633 635 Smith Street, Monroe, WA 98272
--beds
--baths
4,024sqft
Duplex
Built in 2008
-- sqft lot
$1,275,600 Zestimate®
$308/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: September 05, 2024 at 05:48am
Listed by:
Dave Anderson,
John L. Scott Woodinville
Bought with:
Kelsey L. Bellin, 108659
Keller Williams Rlty Bellevue
Source: NWMLS,MLS#: 2187688

Facts & features
Interior
Heating
- Forced Air
Cooling
- None
Features
- Flooring: Ceramic Tile, Laminate, Vinyl, Carpet, Wall to Wall Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,024
- Total interior livable area: 4,024 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Covered spaces: 4
- Uncovered spaces: 6
Lot
- Size: 5,227 sqft
- Features: Dead End Street, Secluded, Deck, Fenced-Partially
Details
- Parcel number: 27060100420100
- Zoning description: Multi-Family,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Cement Planked, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 2008
- Major remodel year: 2008
Utilities & green energy
- Electric: Company: Snohomish Co PUD
- Sewer: Sewer Connected, Company: Highland Water District
- Water: Public, Company: Highland Water District
Community & neighborhood
Location
- Region: Monroe
- Subdivision: Monroe
Other
Other facts
- Listing terms: Conventional,FHA
- Cumulative days on market: 212 days
Services availability

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Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$1,275,600
2% more+ $25,512
With Showcase(estimated)
$1,301,112