Coming Soon
8 beds8 baths3,840 sqft

804 124th St SW, Everett, WA 98204

Multi FamilyProperty Type
0.3 acresLot Size
1979Year Built
$255/sq ftPrice per sq ft
$360/moHOA Fees
8 carsParking Spaces

Description

ATTENTION INVESTORS & PORTFOLIO BUILDERS: Prime 4-Plex Below Assessed Value with Strong Cap Rate! A rare, turn-key investment opportunity in South Everett! Offered below tax-assessed value with an attractive cap rate in today's market, this high-performing 4-plex delivers immediate cash flow, built-in equity, and low-maintenance ownership. Ideally situated just minutes from I-5, Hwy 99, Paine Field, Boeing, local dining, shopping centers, and upcoming light rail extensions, this property guarantees...ATTENTION INVESTORS & PORTFOLIO BUILDERS: Prime 4-Plex Below Assessed Value with Strong Cap Rate! A rare, turn-key investment opportunity in South Everett! Offered below tax-assessed value with an attractive cap rate in today's market, this high-performing 4-plex delivers immediate cash flow, built-in equity, and low-maintenance ownership. Ideally situated just minutes from I-5, Hwy 99, Paine Field, Boeing, local dining, shopping centers, and upcoming light rail extensions, this property guarantees continuous rental demand and long-term appreciation. Set on an expansive 13,000+ sq. ft. lot, the property features four spacious mirror-image units (each 2 beds, 1.5 baths, under 1,000 sq. ft.) complete with in-unit laundry and 2 dedicated parking spaces per unit (8 total). Key capital improvements are already complete, highlighted by a roof replaced within the last 5 years. Unit A is vacant, fresh, and ready to show—boasting brand-new kitchen updates, modernized bathrooms, upgraded flooring, and fresh interior paint. Unit D offers recent partial updates with additional rent-upside potential, while Units B and C received clean, quality updates a few years ago. Units B, C, and D are currently occupied by reliable tenants—please do not disturb the tenants under any circumstances. To top it off, operational management is streamlined with an HOA that covers grounds maintenance and garbage pickup, keeping your overhead low and your holding hassle-free. Bring your offer today before
  • Listed by: Harjinder Singh 206.643.7853 Harjinder@TheLionEstates.com • CENTURY 21 Real Estate Center
  • Listed by: Stephen Ng 206.601.1256 sng48@yahoo.com • CENTURY 21 Real Estate Center
Last updated: 10/09/2026 08:28 PM • Source: NWMLS as distributed by MLS GRID, MLS#: 2592847
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Property Information for 804 124th Street Southwest

Property Details

  • Taxes: $9,207 / year
  • MLS Type: Residential Income
  • Community Name: Everett
  • School District: Mukilteo
  • Number of Assigned Spaces: 8
  • Total Covered Parking: 0
  • Entry Date: 10-09-2026
  • Energy Source: Electric
  • Sewer: Available

Building Information

  • Stories: 2
  • Residences: 4
  • Year Built: 1979
  • Lot Size: 0.30 AC / 13,068 SF

Summary

Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck
  • Area: 740 - Everett/Mukilteo
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: GPS is accurate and takes you there!
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No

Interior and Exterior Features

Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Laminate, Vinyl Plank, Carpet
  • Amenities: Playground,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5500
  • Power Company: PUD
  • Sewer Company: Alderwood Water
  • Water Company: Alderwood Water
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Size Source: County
  • Parcel Number Free Text: 006784000014
  • Building Condition: Good
  • Calculated Square Footage: 3840
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3840.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Multi Family

Building Details
  • Total Uncovered Parking: 8
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $120
  • Total Expenses: 22986
  • Gross Adjusted Income: 80316
  • Gross Rent Multiplier: 11.84
  • Gross Scheduled Income: $82,800
  • Insurance Expense: $3,839
  • Net Operating Income: $57,330
  • Other Expenses: $4,320
  • Total Monthly Income: 82800
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A-Vacant
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 960
  • Rent Unit 1: $1,900.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 960
  • Rent Unit 2: $1,650.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 960
  • Rent Unit 3: $1,550.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: D
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 960
  • Rent Unit 4: $1,800.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 2

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3840.0

Public records

804 124th Street Southwest

Baths

4

Total Finished SqFt

3,840 SqFt

Above Ground SqFt

3,840 SqFt

Stories

2

Lot Size

13,068 SqFt

Style

Quadraplex

Schools near 804 124th Street Southwest

This home is within Mukilteo School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lake Stickney Elementary School
PublicK to 5

Voyager Middle School
Public6 to 8

Mariner High School
Public9 to 12

Aces High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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804 124th Street Southwest is a multi-family home Coming Soon in Everett, WA 98204. This property is currently priced at $980,800. This listing's school district is Mukilteo School District. Nearby schools include Lake Stickney Elementary School, Voyager Middle School and Mariner High School. 804 124th Street Southwest is a 8-bed, 8-bath, 3,840 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 Real Estate Center

Based on information submitted to the MLS GRID as of 10/09/2026 08:28 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.