2424 99th Avenue NE Lake Stevens, WA $ 850,000
2424 99th Avenue NE
$ 850,000
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2424 99th Avenue NE

Lake Stevens, WA, 98258
$ 850,000
Bedrooms6 Baths4.0 Sq 2,400

Monthly Estimate*

$ 5,367

Listed by Real Residential
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 1
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 2
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 3
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 4
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 5
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 6
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 7
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 8
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 9
2424 99th Avenue NE, Lake Stevens, WA 98258 - Image 10

Multi-Family Home for sale in Lake Stevens, WA

for $850,000 with 6 bedrooms and 4 full baths. This 2,400 square foot home was built in 1991 on a lot size of 0.42.

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.

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Multi-Family Active

Price

$ 850,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,287

Style

Duplex

Lot Size

0.42

Year Built

1991

Town/City

Lake Stevens

County/Region

Snohomish

MLS | Web ID

2549662

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Furnace
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Security Features Fully Fenced
Year Built 1991
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 54494
Insurance Expense 3592
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lake Stevens
Special Listing Conditions None
Status Active
Directions From Lundeen Pkwy or SR 92 take 99th Ave NE.
City Lake Stevens
Senior Community Y/N N
High School District Lake Stevens
Number Of Units Total 2
MLS Area 760 - Northeast Snohomish?
Lot Size Units Square Feet
Lot Size Square Feet 18295
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 6287.57
Electric Expense 394.48
Fuel Expense 0
Property Condition Good
Public Remarks 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 a
Leasable Area 2400
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2431.08
Property Style 52 - Duplex
Cap Rate 6.26
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Exterior
Exterior Amenities Wood Products
Lot Features Dead End Street Paved
Water Source Public
Total Parking 4
Foundation Details Block
Building Area Total 2400
Lot Size Acres 0.42
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Fully
Parking Uncovered Total 4
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
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 NWM2549662
Street Number 1 2424
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* Excluded Features
List By
Jessica Schmuland

Listing Agent

Real Residential

Broker

Affordability Calculator

$5,891
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,367
Monthly Property Taxes
$524
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
258855 Elementary School
258643 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/5/2026$850,000 -2.30% Price Down
7/7/2026$870,000 Listed Price

Map


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2424 99th Avenue NE, Lake Stevens, WA, 98258 is a Multi-Family Home for sale at $850,000 with 2,400 sqft and a lot size of 0.42. 2424 99th Avenue NE has 6 bedrooms, 4.0 baths, and was built in 1991. The property's zip code is 98258 which is in Lake Stevens, WA