Gabe Berhe

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Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2544459MLS Provider

5113 S 4th AvenueEverett, WA 98203

Multi-Family · 4 Beds · 2,312 Sq. ft. | 0.15 Acres
$725,000 Active

5113 S 4th Avenue Overview

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Turnkey duplex with side-by-side units in Everett's Lowell neighborhood offering mountain, river, and territorial views in a private, peaceful setting. Each unit features 2 bedrooms, 1.5 baths, and 1,156 sq ft of thoughtfully designed living space with updated kitchens, private washer and dryer, thermal windows, and two private decks, each with outdoor storage, plus a separate larger storage area below that could be finished or used for hobbies or a workspace. Both long-term tenants are on month-to-month leases at $1,950 per side, generating $3,900 per month in gross income with a 5.36% cap rate and $38,843 NOI at the listed price. Investors will appreciate the stable income, low vacancy history, and below-market rent upside. Owner occupants can live on one side and let the other offset their mortgage. Additional parking in the rear accommodates 3 to 4 vehicles with potential RV or boat storage. Tenants would like to stay, making this an easy transition for the right buyer. Note: 90-day tenant notice required for owner occupancy. Extended closing available.

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5113 S 4th Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,312
  • Price/Sq.ft. $314
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Everett
  • Elementary School: Lowell Elem
  • Middle Or Junior School: Evergreen Mid
  • High School: Everett High

Green Features

  • Green Energy Efficient: Thermal Windows

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 46800
  • Insurance Expense: 1128
  • Net Operating Income: 38843
  • Total Expenses: 7957
  • Total Monthly Income: 3900
  • Water/Sewer/Garbage: 1792

Building Information

  • New Construction: No
  • Year Built: 1979

Location/Region

  • Country: US
  • County Or Parish: Snohomish
  • MLS Area Major: 740 - Everett/Mukilteo
  • Subdivision Name: Lowell

Community/Development

  • Amenities: Storage,Thermal Windows

Tax Information

  • Tax Annual Amount: $5,037.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 00500301600700
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2312
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2312
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2312
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Secluded
  • Lot Size Acres: 0.15
  • Lot Size Square Feet: 6534
  • Lot Size Units: Square Feet
  • Site Features: Deck
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 3
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1950
  • Beds Total: 2
  • Baths Total: 2

Unit 2 Details

  • Actual Rent: 1950
  • Beds Total: 2
  • Baths Total: 2

5113 S 4th Avenue Neighborhood

Community

98203 (EVERETT) Demographics

39
Median Age
3,102
Population Density (per sq. mile)
38%
College Educated
$80,556
Estimated Median Income
8,764
Estimated Total Home Owners
5,080
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5113 S 4th Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5113 S 4th Avenue Market Data

Based on the last 30 days in this zip code

$709,191
Average List Price
$376
Average Price per Square Foot
27
Properties Sold
58
Average Days on Market
119
Properties for Sale
Calculations provided by Reliance Network

5113 S 4th Avenue History

Date Event Value Agent
6/24/2026Source: NWMLS Added to Database
June 24, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021