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$879,000
2477921 MLS ACTIVE Status
Best Value 4-Plex in Ferndale - $879,000. This is one of the best 4-plex opportunities in Ferndale for investors who understand value-add potential. With one fully renovated & RENTED unit already completed (Unit 1), the path to increased income is demonstrated —not theoretical. Each unit offers a functional 2-bedroom, 1-bath layout with private decks, while upper units feature vaulted ceilings that enhance tenant appeal and livability. The property has a strong rental history and remains consistently occupied, supported by its cul-de-sac location and proximity to schools, parks, and key commuter routes. What sets this asset apart is the built-in upside: one unit fully upgraded, three remaining units offering clear opportunity for future rent increases through light, interior cost-effective improvements. Six off-street parking spaces and a well-maintained structure further support long-term performance. For investors comparing options, this property stands out as a strategic play—buy at today’s adjusted price, stabilize, and grow income over time. In a market where fully “maxed-out” properties leave little room to improve returns, this one gives you control of the upside from day one.

5660 Eagle Place, Ferndale

Listing courtesy of RE/MAX Whatcom County, Inc..

$875,000
2563772 MLS ACTIVE Status
Rare Lake Stevens Duplex Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex offers exceptional flexibility and value. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,400 square feet, oversized primary suites with walk-in closets, oak cabinetry, cozy gas fireplaces, and fully fenced private yards. Capital improvements provide peace of mind, including a new furnace and new water heaters, while gutter guards help minimize exterior maintenance. The right-side unit boasts an expansive backyard complete with a patio and sprinkler system—perfect for outdoor entertaining or relaxing. Ideally located within walking distance of Lake Stevens waterfront, the popular Farmers Market, and the charm of Historic Downtown Lake Stevens, this property offers an unbeatable combination of convenience, lifestyle, and strong rental appeal. A turnkey opportunity in a highly desirable location with excellent long-term investment potential.

1601 131st Drive NE, Lake Stevens

Listing courtesy of Ballpark Realty.

$875,000
2562415 MLS ACTIVE Status
Rare North Kitsap Investment Opportunity! Discover one of the most distinctive income-producing properties in the region. This architecturally striking octagonal fourplex features four private corner residences, each spanning three stories and offering a unique, townhouse-style living experience. Every unit includes 2 bedrooms, 2 bathrooms, a spacious kitchen and living area on the main level, and a private balcony perfect for enjoying the peaceful surroundings. The thoughtful layout gives each residence exceptional privacy while creating an attractive living environment for tenants. Currently three units are occupied, and one is vacant so you can view it. The property generates $6,000 per month in rental income ($1,500 per unit), with significant upside. Market rents are estimated at approximately $1,900 per month per unit, presenting a compelling value-add opportunity for investors seeking increased cash flow. Multifamily opportunities of this caliber are exceptionally rare in North Kitsap. Whether you're looking to expand your portfolio, execute a rental repositioning strategy, or secure a one-of-a-kind long-term investment, this property offers a unique combination of architectural character, stable income, and future potential. Don't miss your chance to own one of Suquamish's most distinctive multifamily investment properties.

6194 6200 NE Pine Street, Suquamish

Listing courtesy of Keller Williams West Sound.

$875,000
2538986 MLS ACTIVE Status
Located in a desirable area of Bellingham, this income-producing property offers strong current cash flow with exceptional long-term development potential. This property includes TWO homes: a recently updated 3-bedroom, 1-bath home renting for $2,500/month and a fully remodeled 2-bedroom, 1-bath apartment bringing $1,600/month. Tenants pay all utilities, and both units feature fully fenced yards and ample off-street parking, creating a low-maintenance investment with a cap rate exceeding 5% at current rents. An unfinished space ready to be built out into a studio apartment provides an immediate value-add opportunity to increase income. The real upside is the development potential. Zoning aligned with the city’s Middle Housing Ordinance allows for 16+ units, ideal for clusters of fourplex-style buildings. With improved street frontage and alley access, the property offers flexibility for phased redevelopment or a larger future project. The large grassy area north of the home may even provide the opportunity to subdivide, build another home, or pursue a smaller development project down the road. Located just minutes from Whatcom Falls Park and the Interurban Trail, the location supports strong rental demand from residents who value Bellingham’s outdoor lifestyle. Hold for income, add a third unit, subdivide, or plan future redevelopment—this is an investment with immediate performance and long-term upside.

2124 Woburn Street, Bellingham

Listing courtesy of RE/MAX Whatcom County, Inc..

$875,000
2537918 MLS ACTIVE Status
Investment opportunity with an established triplex generating income from long-term tenants on 5 irrigated acres. Whether you're looking to expand your investment portfolio, secure a property with immediate cash flow, or create a future homesite with acreage, this versatile property offers both income and potential. The triplex consists of three residential units is offered fully furnished, including all appliances and washer/dryer sets in each unit. With tenants already in place, a new owner can benefit from existing rental income from day one while exploring future possibilities for the property. The usable acreage is served by a shared well and irrigation water, providing room to enjoy a rural lifestyle, establish gardens or hobby farming, or simply hold as a long-term investment. The combination of income-producing residential units and acreage creates a unique opportunity that is increasingly difficult to find. Conveniently located while offering the space and privacy of country living, this property appeals to investors, multi-generational living arrangements, or buyers seeking a blend of income and land ownership. Continue operating the property as a successful rental investment or explore the possibilities that come with owning five usable acres in a desirable setting.

18547 Camp 12 Road, Leavenworth

Listing courtesy of Engel & Voelkers Mercer Island.

$875,000
2509267 MLS ACTIVE Status
Rare opportunity to own a charming side-by-side duplex on a quiet street in sought-after Madrona. Offering a blend of character, income potential, and future flexibility, this property presents a unique ownership opportunity in one of Seattle’s most desirable neighborhoods. Each unit features 1 bed, 1 bath, and its own private, fully fenced backyard—ideal for relaxing or entertaining. Fresh exterior paint in 2024 enhances curb appeal. Unit 2519 has been tastefully updated with newer flooring, appliances, and a refreshed bathroom, creating a bright and move-in ready space. The second unit offers excellent potential for future updates and added value. Flexible layout offers versatility and strong income potential. Gated driveway access provides flexible space for RV, boat, or additional off-street parking, plus ample street parking. Tenants are responsible for all utilities. Walk Score of 90 with convenient access to shops, restaurants, PCC, parks, and transit. Minutes to Madrona Park, Lake Washington, downtown Seattle, I-90, and 520. NR3 zoning offers added flexibility and long-term potential (buyer to verify). A rare opportunity in a prime location with strong upside.

2517 - 2519 E Pike Street, Seattle

Listing courtesy of Globenex Realty.

$875,000
2500711 MLS ACTIVE Status
PRIME TIME! Turn key 4-plex in the heart of Shelton, minutes from amenities and the hospital. Fully occupied and renovated—this is as close to new construction as it gets! Every unit has been completely remodeled with luxury LVP flooring, quartz countertops, hardwood cabinetry, brand-new appliances, and modern finishes throughout. Interiors feature fresh paint, abundant LED can lighting, new heaters, new doors, and fully updated bathrooms with new fixtures. Major exterior upgrades include a brand-new 30-year roof (2026), new seamless aluminum gutters and downspouts, new exterior paint, and energy-efficient double-pane vinyl windows. Each unit offers in-unit laundry along with a private oversized one-car attached garage—premium features that attract and retain quality tenants. A true long-term investment—all the hard work is done. Low-maintenance asset ready for immediate cash flow!

1125 N 13th Street Unit #B, Shelton

Listing courtesy of Keller Williams Realty PS.

$874,500
2495409 MLS ACTIVE Status
Brand-new duplex offering quality construction and durable, high-end finishes throughout. Each unit is 1,694 sf with 3 bed 2.5 bath and a large bonus room which could be used as another bedroom. Very livable design and layout, spacious kitchens with ample storage and pantry, primary suites on the main level as well as a half bath and plus a utility room with washer and dryer. Durable finishes include quartz countertops, stainless steel appliances, full trim around windows, luxury vinyl plank flooring and 3 mini splits providing AC and heat. Upstairs offers two bedrooms and the large loft functioning as a fourth bedroom or flex space. Single-car garage with additional parking in the driveway. Ideally located downtown Everson within walking distance to grocery shopping, banks, parks, bars and dining. Low real estate taxes and strong rental market make this an excellent long-term investment.

110 Baker Street Unit #A & B, Everson

Listing courtesy of Windermere RE Whatcom, Inc..

$874,000
2556594 MLS ACTIVE Status
Solid, turnkey duplex in the highly sought-after University Place area. Clean, meticulously maintained, and quality built in 2003, this property presents a rare opportunity. Each spacious unit offers 2 bedrooms, 1.75 baths, a primary suite with walk-in closet, vaulted ceilings, fireplace, and a large laundry room with in-unit washer and dryer. Situated on an oversized 11,800 SF corner lot in a quiet cul-de-sac, each unit also includes an attached two-car garage plus ample additional parking. Separate electrical and water meters. Tenants pay their own electricity, water, and garbage. Excellent opportunity for an owner-occupant / house hacker, or investor. Live in one unit and offset your mortgage with rental income or continue operating as a low-maintenance investment in one of Pierce County's most desirable rental markets.

5306 5308 51st Avenue Ct W, University Place

Listing courtesy of Real Broker LLC.

$870,000
2560887 MLS ACTIVE Status
BACK ON THE MARKET by popular demand! This turn-key and exceptionally maintained 4-plex offering strong, reliable rental income with thoughtful modern updates throughout the units. Building is fully rented and cash flows. This low-maintenance investment property is in excellent condition, with each unit featuring contemporary laminate flooring, newer hot water tanks, fresh interior paint, updated bathrooms, and crisp modern trim for a clean. Two units are leased at $1,800/month with newly signed leases, and the other two units are rented at $1,700/month—providing immediate, stable cash flow. Ideally located near shopping, dining, transit, and easy freeway access. This property appeals to commuters and long-term tenants. This property is perfect for all savvy investors being a smart addition to you investment portfolio.

4027 S Warner Street, Tacoma

Listing courtesy of Keller Williams Realty PS.

$860,000
2521049 MLS ACTIVE Status
**NEW PRICE + SELLER INCENTIVE!** Seller is offering up to $10,000 toward buyer closing costs with an acceptable offer. Fully occupied Seattle triplex offering immediate income and long-term investment potential in the Rainier Valley corridor. Current gross scheduled income of $72,600/year with an underwritten NOI of approximately $46,168. Two 1BR/1BA units plus a spacious 3BR/2BA provide diversified rental income, with potential for future growth as leases and applicable regulations allow. SIX off-alley parking spaces offer a rare and valuable amenity. Each unit includes range/oven, refrigerator, dishwasher, washer/dryer, and AC. Documented multi-year maintenance history reflects consistent property care. Conveniently located between Hillman City and Brighton with access to Rainier Ave S, I-5, I-90, light rail, transit, parks, neighborhood amenities, and major employment centers. An attractive opportunity for investors or 1031 exchange buyers seeking an occupied Seattle multifamily asset with income from day one and future optimization potential. Financials, rent roll, and maintenance records available for buyer review. Buyer to verify all financial information and comply with existing leases and applicable landlord-tenant requirements.

4207 S Bateman Street, Seattle

Listing courtesy of eXp Realty.

$850,000
2570909 MLS ACTIVE Status
BRAND NEW construction just 3 minutes from prestigious Pacific Lutheran University! This beautifully designed duplex offers an incredible opportunity for first-time buyers, investors, or anyone looking for the perfect house hack. Each approximately 1,322 SF residence features a light-filled, open-concept main level with spacious living and dining areas, a stylish kitchen, and convenient powder room. Sleek, flat-panel Euro-style cabinetry, quartz countertops, and warm white lighting create a clean, modern aesthetic. Upstairs, the generous primary suite includes a private full bath, plus 2 additional bedrooms and another full bathroom. Enjoy a quiet backyard patio with privacy fencing and beautiful new landscaping. Each unit includes a 1-car garage PLUS tons of additional parking—a rare find! Builder’s warranty provides added peace of mind. Fantastic location with easy freeway access and exceptional proximity to PLU. Live in one and rent the other, add a turnkey investment to your portfolio, or create a smart path to homeownership!

612 & 614 122nd Street Ct E, Tacoma

Listing courtesy of Commencement Bay Brokers LLC.

$850,000
2567996 MLS ACTIVE Status
Fantastic duplex opportunity on a beautiful tree-lined street in Everett. UNIT A is a 1,815 square foot two-story unit with 4 bedrooms and 2 bathrooms. Completely remodeled including new wiring, plumbing, HVAC, & gas. The fireplace and most appliances are 2 years old. Unit A accessed from McDougall Avenue has a private patio and off-street parking. UNIT B is accessed from the alley and was newly constructed in 2020. At 900 Square Feet, Unit B offers 2 bedrooms, 1 bath, fenced yard and off-street parking. Unit B appliances are also new within the last two years, and it offers energy efficient air conditioning via a mini-split. Off-street parking for Unit B. New siding & paint on both units. Both units are turn-key ready, and all appliances stay including washer and dryers. Tenants in both units are month to month. All this plus a two-car garage with loft. Excellent location close to schools and downtown.

2326 McDougall Avenue, Everett

Listing courtesy of John L. Scott, Inc..

$850,000
2566584 MLS ACTIVE Status
Two living spaces. Multiple income strategies. One unbeatable Seattle location. Here is house-hacking opportunity in the heart of the Central Area/First Hill. Live in one unit while renting the other to help offset your mortgage, space for multigenerational living, or rent both for added income potential. The spacious main-level residence offers 2 bed and 1 full bathroom, an open & light-filled floor plan, and beautifully refinished original hardwood floors. The updated kitchen features white shaker cabinetry, quartz countertops, stainless-steel appliances, and a gas range. Upstairs, the bright 1 bed, 1 bath residence has its own kitchen, dining, in-unit washer/dryer combination, and an abundance of windows that fill the space with natural light. This property delivers something increasingly difficult to find in central Seattle: real outdoor space. The fully fenced grounds include an expansive front yard, backyard space, and a private side yard with a covered gazebo perfect for entertaining, gardening, pets, or simply relaxing outside. Fresh exterior paint, one dedicated parking space, and plentiful street parking complete the package. With a 98 Walk Score, this location puts Seattle U, Swedish Medical, Harborview, Seattle Central College, cafés, restaurants, groceries, and transit within easy reach. Whether you are searching for a home that can help pay for itself, a multigenerational setup, or a property rental potential, this is the flexibility you have been waiting for.

1609 E Alder Street, Seattle

Listing courtesy of Windermere R.E. Shoreline.

$850,000
2563968 MLS ACTIVE Status
Exceptional opportunity to acquire a Seattle development site with an advanced permit package for 8 modern townhomes. The project includes plans for two 4-unit buildings with a future unit lot subdivision, offering a significant head start for builders and developers. Extensive architectural, civil, structural, landscape, and utility work has already been completed, with an issued demolition permit and development documents available for buyer review. Located in the desirable Mount Baker neighborhood, just minutes from Light Rail, Downtown Seattle, Lake Washington, parks, restaurants, and major commuter routes. Existing home is sold as-is. Buyer to verify all plans, permits, approvals, unit count, and development potential to their own satisfaction.

3632 36th Avenue S, Seattle

Listing courtesy of John L. Scott, Inc.

$850,000
2555897 MLS ACTIVE Status
This Victory Heights rambler sits well back from the street, on a flat, private lot where a wooded ravine forms the back edge and mature trees filter the light all day. Sunny corners for morning coffee, shaded ones for late afternoon, and a quiet you notice the moment you step outside. Nearly a decade of thoughtful, documented work shows in every room. Bamboo floors run throughout. The primary suite carries a vaulted ceiling, heated floors underfoot, and a calm, bright spa bath with a rain shower, soaking tub, and tile work done right. Windows and doors replaced, attic and crawl spaces insulated, new furnace with enhanced filtration, on demand hot water, whole house generator wired in. Nothing here was deferred. Outside is where it opens up. A covered patio extends the season for grilling and gathering, with separate zones for working and for sitting still. Raised garden beds, pavers, pea gravel paths, and turf mean weekends are spent enjoying the yard instead of fighting it. An insulated, powered greenhouse waits for the gardener. The detached cottage out back has its own entrance, kitchenette, full bath, and loft, a private second space that works as a guest suite, a home office, a studio, or a place for extended family close by but on their own. Meadowbrook Community Center with its pool and tennis courts sits minutes away, along with schools, bus lines, shops, restaurants, and the Lake City Farmers Market. Close to everything and quiet enough to hear the trees.

11350 28th Avenue NE, Seattle

Listing courtesy of Windermere R.E. Shoreline.

$850,000
2549662 MLS ACTIVE Status
Beautifully updated duplex in a prime Lake Stevens location, offering an exceptional opportunity for investors or owner-occupants. This turnkey property boasts an impressive 6% cap rate, making it an attractive addition to any investment portfolio. Each spacious unit features a functional two-story floor plan with an open main level, including a generous living area, updated kitchen, and convenient half bath, while the upper level offers comfortable bedrooms and a full bath. Recent improvements throughout provide a fresh, modern feel, and the former carports have been converted into fully enclosed garages for added convenience, security, and storage. Each unit also enjoys a private backyard, creating a welcoming outdoor space to relax or entertain. Ideally situated just blocks from Lundeen Park, Lake Stevens, neighborhood amenities, and with easy access to I-5, Highway 9, and Frontier Village, this property offers the perfect combination of strong cash flow, modern updates, and an outstanding location.

2424 99th Avenue NE, Lake Stevens

Listing courtesy of Real Residential.

$850,000
2550406 MLS ACTIVE Status
Rare investment and development opportunity! FOUR SEPARATE but ADJOINING tax parcels totaling approximately 11 acres offered as one package in a peaceful Gold Bar setting. Each parcel is approximately 2.6 acres and includes an existing manufactured home with power, private well, and individual septic already in place—providing immediate utility and exceptional future potential. Currently fully rented with all four homes producing $1,200/month each ($4,800/month gross), this property offers instant income while you plan for future use. Ideal for investors seeking a cash-flowing asset, builders looking for multiple homesites, or buyers wanting flexibility for multigenerational living, custom home construction, redevelopment, or a home-based business (buyer to verify all intended uses). Enjoy outstanding privacy, territorial and mountain views, and a beautiful Pacific Northwest setting just minutes from Gold Bar, with convenient access to Monroe and Stevens Pass. Recreation opportunities abound with nearby hiking, skiing, fishing, rafting, and endless outdoor adventures. Properties offering four legal parcels, existing homes, utilities in place, current rental income, and multiple future use options are exceptionally rare. Hold as an income-producing investment, improve and reposition, redevelop, or create a legacy property with multiple residences. An outstanding opportunity in a growing corridor with tremendous upside.

16527 415th Avenue, Gold Bar

Listing courtesy of eXp Realty.

$850,000
2531676 MLS ACTIVE Status
Perched atop Port Susan with expansive views of the Port, Sound, and Mountains sits this lovely 2 bedroom,1.75-bathroom home with 2 defined living spaces. The main floor offers 1 bedroom with loft, living room, kitchen, three-quarter bath, laundry, a brick fireplace, and expansive views from the deck. It also offers garden space and a patio facing West. The lower level offers 1 bedroom, 1 full bath, kitchen & dining area, as well as a one-car garage. It also has a large, covered patio area with beautiful views. Each space has a private driveway as well as private entries. The home has been extensively updated by the current owner to bring out all of its best features, as well as some added modern upgrades. You have not seen a home quite like this one and will absolutely love the use of space. All of this within the Camano Country Club neighborhood which brings with it 3 private beaches, a clubhouse, and community. This property is the perfect opportunity to add to your investment portfolio. This is one you truly need to see to believe. Don't miss the 3D virtual tour!

1857 Cascade View Drive, Camano Island

Listing courtesy of Windermere Real Estate Co..

$850,000
2527561 MLS ACTIVE Status
A rare income-producing triplex on an expansive double lot (14,374.8 sq ft) with ADU potential. This property features three fully separate living units — each with its own private entrance, kitchen, and bathroom — offering true independent living and multiple income streams for investors or owner-operators. The main-floor unit includes 6 individually rented bedrooms sharing common living space, generating strong, consistent room-by-room income. The upstairs unit offers 2 bedrooms and approximately 1,000 sq ft of living space. The lower level is a private 1-bedroom apartment, ideal for additional rental income or onsite management. In total, the property offers 9 bedrooms across 3 fully separate units, with strong existing cash flow and significant upside. Additional potential includes reconfiguring existing space for even greater occupancy, plus a detached garage offering storage, parking, or future conversion possibilities. A true triplex with three distinct living spaces, a spacious double lot, and proven income — a standout opportunity for investors in Everett.

3732 Rockefeller Avenue, Everett

Listing courtesy of Real Broker LLC.

$849,950
2528928 MLS ACTIVE Status
Rare opportunity to own a newer duplex featuring 3 large bedrooms plus a bonus room, 2.5 baths and 1,742 sqft per unit, along with a 2-car garage. Gateway North neighborhood is well-kept w/ a cohesive look. Located in a very strong rental area, this duplex has great potential for positive cash flow. Units feature solid surface flooring throughout, granite counters throughout, stainless appliances, high efficiency mini split heat pump systems with air conditioning, and energy efficient insulation and lighting packages. Built in 2020 and exceptionally well maintained. Long term leases in place and a great cap rate with room for continued growth. Exterior features custom siding accents and fenced rear yards. Convenient to all amenities and freeway access.

3120 Ponderosa Street NE, Lacey

Listing courtesy of Blue Summit Realty LLC.

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.
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