116 4th Avenue S Algona, WA $ 899,950
116 4th Avenue S
$ 899,950
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116 4th Avenue S

Algona, WA, 98001
$ 899,950
Baths0.0 Sq 2,570

Monthly Estimate*

$ 5,615

Listed by John L. Scott, Inc
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Studio

Multi-Family Home for sale in Algona, WA

for $899,950. This 2,570 square foot home was built in 2022 on a lot size of 0.1862.

Cash-flow from day one with this rare investment opportunity. Built in 2022, this property is low-maintenance for years to come. This home offers three distinct spaces: a main house, a fully furnished studio unit, and a versatile shop. The main house spans 2,200 square feet and features 4 bedrooms, 2.5 bathrooms and a 2-car garage. The separate studio unit is complete with its own entrance, kitchen, bathroom and laundry. Heated high-ceiling RV garage/shop spans 728 square feet, currently rented for storage. Whether you choose to rent the whole property, live in one space and rent the others, or enjoy the entire property yourself, the possibilities are endless. Solid rental history — take advantage of the best opportunity on the market!

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Multi-Family Active

Price

$ 899,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,855

Style

Tri-plex

Lot Size

0.1862

Year Built

2022

Town/City

Algona

County/Region

King

MLS | Web ID

2427976

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Wall Unit(s)
Cooling Ductless
Possession Closing
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 2022
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 69049
Insurance Expense 800
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Algona
Special Listing Conditions None
Status Active
Directions GPS
High School Buyer To Verify
City Algona
Senior Community Y/N N
High School District Auburn
Open Parking Spaces 5
Number Of Units Total 3
MLS Area 310 - Auburn
Lot Size Units Square Feet
Lot Size Square Feet 8110
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 6855
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Very Good
Public Remarks Cash-flow from day one with this rare investment opportunity. Built in 2022 this property is low-maintenance for years to come. This home offers three distinct spaces: a main house a fully furnished
Leasable Area 3298
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Algona
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 0
Property Style 53 - Tri-plex
Cap Rate 7.67
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Exterior
Exterior Amenities Cement Planked Wood Products
Parking Features RV Parking
Lot Features Paved Sidewalk
Water Source Public
Total Parking 10
Foundation Details Slab
Building Area Total 2570
Lot Size Acres 0.1862
Waterfront Y/N N
Covered Spaces 5
Irrigation Water Rights Y/N N
Site Features Fenced-Partially RV Parking
Parking Uncovered Spaces 5
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Interior
Flooring Ceramic Tile Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2427976
Street Number 1 116
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* Excluded Features
List By
Denis Karnafel

Listing Agent

John L. Scott, Inc

Broker

Affordability Calculator

$6,186
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,615
Monthly Property Taxes
$571
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100725 Elementary School
3100140 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
9/2/2025$899,950 Listed Price

Map


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116 4th Avenue S, Algona, WA, 98001 is a Multi-Family Home for sale at $899,950 with 2,570 sqft and a lot size of 0.1862. 116 4th Avenue S is a studio with 0.0 baths and was built in 2022. The property's zip code is 98001 which is in Algona, WA