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(253) 209-4200
Real Estate Company
429 1st Avenue N, Algona, WA 98001
- $995,000
- 3,008
- SqFt
Listing Broker: Pacific Residential Brokers; Tom O'Brien; 253-988-0080; tom@paccombrokers.com
- List Price
- $995,000
- Status
- ACTIVE
- MLS#
- 2595521
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 3,008
- Area Total SqFt
- 3008
- Annual Tax Ammount
- 7720
- Lot Size (sq ft)
- 12,720
- Sewer
- Sewer Connected
Property Description
Well-Maintained Algona 4-Plex with Rental Upside Excellent investment opportunity in a convenient Algona location! This well-maintained 4-plex features four 2-bedroom, 1-bath units, each approximately 750 square feet, situated on a generous 12,700-square-foot lot with ample parking. Each unit includes a dishwasher and washer/dryer hookups. Conveniently located near Highway 167, shopping, dining, and area amenities. Current rents are below market, providing an opportunity to increase rental income and enhance investment returns.
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Additional Information
- List Date
- 2026-10-16 22:28:20
- Community
- Algona
- Net Operating Income
- $48,318
- Gross Adjusted Income
- $69,840
- Gross Scheduled Income
- $72,000
- Total Monthly Income
- $6,000
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $10,800
- Gross Rent Multiplier
- 13.82
- Total Expenses
- $21,520
- Cap Rate
- 4.85
- Vacancy Rate
- 2160
- Total Number of Units
- 4
- Unit Name
- 429
- Potential Terms
- Cash, Conventional
- Year Built
- 1981
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $6,000
- Gross Scheduled Income
- $72,000
- Vacancy Rate
- 2160
- Gross Adjusted Income
- $69,840
- Tax Year
- 2025
- Insurance Expense
- $3,000
- W/S/G Expenses
- $10,800
- Total Expenses
- $21,520
- Net Operating Income
- $48,318
- Gross Rent Multiplier
- 13.82
- Cap Rate
- 4.85
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.