$875,000

6 Beds 6 Baths 2,778 SQFT 0.26 Acres
Type: Multi-Family

1601 131st Drive NE
Lake Stevens, WA 98258

MLS#: 2563772
Presented by: Ballpark Realty and NWMLS

Property Description

 

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.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate5
Carport Spaces0
Carport Y/NNo
CityLake Stevens
CoolingNone
CountySnohomish
DirectionsGPS Is Accurate
Electric Expense0
Elementary SchoolMt. Pilchuck Elem
Fuel Expense0
Garage Spaces4
HOANo
HOA Fee$0
HeatingForced Air
High SchoolLake Stevens Snr Hig
High School DistrictLake Stevens
Insurance Expense1858
Leasable Area2,778 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet11,326 sqft
Lot Size UnitsSquare Feet
MLS Area760 - Northeast Snohomish?
Middle/Junior High SchoolNorth Lake Mid
NWM_ShowMapLinkY
Net Operating Income44829
New ConstructionNo
Number Of Units Total2
PossessionClosing
Possible UseMulti-Family
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare 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 dupl
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameLake Stevens
Tax Annual Amount$8,095
Tax Year2026
Units Below Gradefalse
Units In Building Total2
ViewTerritorial
Water Sewer Garbage0
Year Built1998
Zoning DescriptionMulti-Family

Exterior

Building Area Total2,778 sqft
Covered Spaces4
Exterior AmenitiesCement Planked
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac
Lot Size Acres0.26
Parking Uncovered Total4
Site FeaturesCable TV, Fenced-Fully
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School North Lake Mid
High School Lake Stevens Snr Hig High School
Elementary School Mt. Pilchuck Elem

  

Similar Properties

$875,000

6 Beds 6 Baths 2,778 SQFT 0.26 Acres
Type: Multi-Family

1601 131st Drive NE
Lake Stevens, WA 98258

MLS#: 2563772