$599,950

4 Beds 2 Baths 1,622 SQFT 0.18 Acres
Type: Multi-Family

5021 Sperry Lane
Everett, WA 98203

MLS#: 2590505
Presented by: Pacific Properties and NWMLS

Property Description

 

RARE INVESTMENT OPPORTUNITY IN EVERETT’S DESIRABLE FOREST PARK COMMUNITY! Discover this well-maintained, single-story duplex nestled on a shy .20-acre lot in the sought-after Cascade Terrace neighborhood. Built in 1941 with enduring craftsmanship, this solid, charming property offers exceptional versatility for investors, future owner-occupants, or multi-generational living. ALWAYS RENTED! Each spacious unit features 2 bedrooms, 1 full bath, approximately 763 sq. ft., wood and laminate flooring, appliances, and separate front and rear entrances for added privacy. A shared 2-car garage provides each residence with its own covered parking space, plus additional parking. Pride of ownership shines throughout with upgraded double-pane windows, a new gas furnace in 2013 in Unit B, and beautifully maintained interiors. Ideally positioned on a quiet neighborhood street, Unit A faces Sperry Lane while Unit B faces Woodlawn Avenue, creating a wonderful sense of individuality. Both residences are currently leased through December 31, 2027, offering immediate rental income and investment appeal. Enjoy exceptional convenience within walking distance of restaurants, shopping, medical services, public transit, the Post Office, and Clairmont Shopping Center. Minutes to Forest Park, Everett Mall, Boeing, Paine Field, and I-5. A RARE FIND IN AN ESTABLISHED NEIGHBORHOOD—AN OUTSTANDING OPPORTUNITY TO INVEST IN EVERETT REAL ESTATE!


 

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
FlooringHardwood, Laminate
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces0
Total Stories1

General

AmenitiesSee Remarks, Thermal Windows
Building Area Units0 sqft
Cap Rate4.54
Carport Spaces2
Carport Y/NNo
CityEverett
CoolingNone
CountySnohomish
DirectionsFrom Evergreen way turn west onto 49th st SE / becomes Vesper, left on Sperry Lane to end of street - Duplex is the green, fenced duplex with 2 car garage on the left.
Electric Expense0
Elementary SchoolLowell Elem
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces2
HOANo
HOA Fee$0
HeatingBaseboard, Forced Air
High SchoolEverett High
High School DistrictEverett
Insurance Expense1671
Leasable Area1,622 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet7,841 sqft
Lot Size UnitsSquare Feet
MLS Area740 - Everett/Mukilteo
Middle/Junior High SchoolEvergreen Mid
NWM_ShowMapLinkY
Net Operating Income27242
New ConstructionNo
Number Of Units Total2
PossessionSee Remarks, Subject To Tenant Rights
Possible UseMulti-Family, Residential
Property ConditionAverage
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRARE INVESTMENT OPPORTUNITY IN EVERETTS DESIRABLE FOREST PARK COMMUNITY! Discover this well-maintained, single-story duplex nestled on a shy .20-acre lot in the sought-after Cascade Terrace neighborho
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusComing Soon
StatusFirst Look
Structure TypeDuplex
Subdivision NameForest Park
Tax Annual Amount$4,483
Tax Year2026
Units Below Gradefalse
Units In Building Total2
ViewCity, Mountains, Territorial
Water CompanyEverett Utilities
Water Sewer Garbage804
Year Built1941
Zoning DescriptionMulti-Family, Residential

Exterior

Building Area Total1,622 sqft
Covered Spaces2
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Dead End Street, Open Space, Paved, Secluded
Lot Size Acres0.18
Parking FeaturesRV Parking
Parking Uncovered Total6
Site FeaturesCable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio, RV Parking
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Lowell Elem
High School Everett High
Middle School Evergreen Mid

  

Similar Properties

$599,950

4 Beds 2 Baths 1,622 SQFT 0.18 Acres
Type: Multi-Family

5021 Sperry Lane
Everett, WA 98203

MLS#: 2590505