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Clover Station 1310 Cedar Ave 32 Unit Apartment Building For Sale Marysville, WA 98270
INVESTMENT HIGHLIGHTS
- Accretive Assumable Debt
- Luxury Interior Finishes
- Booming Employment Base
- Desirable New Construction
- Well-Amenitized Building
- Limited Nearby Supply Pipeline
EXECUTIVE SUMMARY
Cushman & Wakefield Capital Markets is pleased to present an exclusive opportunity to acquire the Clover Station Apartments, a 32-unit, modern suburban multifamily asset near Downtown Marysville, Washington. Built in 2020, the property offers investors the rare opportunity to acquire a newer vintage, high-quality community with accretive assumable debt at 3.585% until April 2031, a strong unit mix, and a full suite of amenities—features seldom found in a property of this size.
Clover Station stands out with spacious floorplans averaging 815 square feet, featuring a desirable mix of one-bedroom, two-bedroom, and three-bedroom units designed to appeal to a broad tenant base seeking a suburban lifestyle. Each apartment is outfitted with in-unit washers and dryers, granite counters, stainless steel appliances, modern cabinetry and finishes, and private balconies or patios on select units.
What truly sets Clover Station apart is its robust community amenity offering, uncommon for a 32-unit community. Residents enjoy access to a cozy resident game room, coffee machine in the lobby, air-conditioned fitness center, secure entry, ample surface parking, landscaped outdoor areas, a picnic zone, and basketball court —delivering a lifestyle more typically associated with larger, institutional properties.
Located in the heart of a rapidly growing Marysville market, Clover Station benefits from proximity to a strong and expanding employment base across aerospace, logistics, healthcare, and advanced manufacturing. Marysville and the greater Snohomish County market continue to attract significant investment and in-migration, supported by its relative housing affordability, convenient access to I-5 and Highway 9, and proximity to job centers in Everett, Arlington, and North Seattle.
With high-quality construction, durable materials, low near-term capital needs, and operational upside, Clover Station offers a compelling mix of stability and growth potential in one of Puget Sound’s fastest growing submarkets.
Clover Station stands out with spacious floorplans averaging 815 square feet, featuring a desirable mix of one-bedroom, two-bedroom, and three-bedroom units designed to appeal to a broad tenant base seeking a suburban lifestyle. Each apartment is outfitted with in-unit washers and dryers, granite counters, stainless steel appliances, modern cabinetry and finishes, and private balconies or patios on select units.
What truly sets Clover Station apart is its robust community amenity offering, uncommon for a 32-unit community. Residents enjoy access to a cozy resident game room, coffee machine in the lobby, air-conditioned fitness center, secure entry, ample surface parking, landscaped outdoor areas, a picnic zone, and basketball court —delivering a lifestyle more typically associated with larger, institutional properties.
Located in the heart of a rapidly growing Marysville market, Clover Station benefits from proximity to a strong and expanding employment base across aerospace, logistics, healthcare, and advanced manufacturing. Marysville and the greater Snohomish County market continue to attract significant investment and in-migration, supported by its relative housing affordability, convenient access to I-5 and Highway 9, and proximity to job centers in Everett, Arlington, and North Seattle.
With high-quality construction, durable materials, low near-term capital needs, and operational upside, Clover Station offers a compelling mix of stability and growth potential in one of Puget Sound’s fastest growing submarkets.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 32 | Lot Size | 0.47 AC |
| Property Type | Multifamily | Building Size | 31,654 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Zoning | R28MFH | ||
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 31,654 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | R28MFH |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Patio
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Picnic Area
- Gameroom
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 709 |
| 2+1 | 3 | - | 936 |
| 2+2 | 6 | - | 913 - 952 |
| 3+2 | 3 | - | 1,136 - 1,162 |
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PROPERTY TAXES
| Parcel Number | 300528-002-049-00 | Improvements Assessment | $8,042,878 CAD |
| Land Assessment | $1,091,955 CAD | Total Assessment | $9,134,833 CAD |
PROPERTY TAXES
Parcel Number
300528-002-049-00
Land Assessment
$1,091,955 CAD
Improvements Assessment
$8,042,878 CAD
Total Assessment
$9,134,833 CAD
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Clover Station | 1310 Cedar Ave
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