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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by:Paragon Real Estate Advisors • Tanner Fogle

$4,850,000

Est. payment - /mo

28 Beds

20 Baths

16,240 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,240 sqft

Price per Sqft $298

Subdivision North Marysville

MLS Listing ID 2555393

Style 56 - 10+ Units

Bedrooms 28

Year Built 1967

Annual Tax Amount $24,269

Lot Size 0.950 Acres

Property Sub-Type Multi Family

Property Description

The Cove Apartments offers investors a compelling combination of strong in-place cash flow, recent capital improvements, and long-term upside in the growing Marysville market. The property has benefited from significant interior and exterior upgrades, including renovated apartment homes, in-unit washers and dryers in every unit, fresh exterior paint, updated signage, and ample on-site parking, creating a low-maintenance investment that continues to attract tenant demand. Currently operating at a strong 6.91% in-place cap rate, The Cove delivers exceptional day-one returns while offering future rental growth potential. Its functional unit mix, proven operational performance, and recent improvements provide stability and long-term value appreciation. Conveniently located near Interstate 5, State Route 529, and State Route 9, residents enjoy easy access to major employment centers throughout Snohomish County and the greater Seattle area. Supported by strong population growth, expanding infrastructure, limited multifamily supply, and sustained economic investment across the North Puget Sound region, The Cove Apartments represents an outstanding opportunity to acquire a well-positioned, income-producing asset with both immediate cash flow and long-term investment potential.

Location

State WA

County Snohomish

Area 770 - Northwest Snohomish

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Composition

Building

Sewer Available

Water Public

New Construction No

Schools

School District Marysville

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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7234 47th AVE NE Marysville, WA 98270

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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