Log In/Sign Up
Your email has been sent.
Elizabeth Apartments 364 Elizabeth St 6 Unit Apartment Building $2,611,066 CAD ($435,178 CAD/Unit) 5.74% Cap Rate Monroe, WA 98272
Investment Highlights
- Turn-Key Asset: 5/6 units have been renovated
- Exterior Renovations: New paint, roof, and landscaping within the last 3 years
- Modern Upgrades: Stainless Steel appliances, quartz countertops, modern cabinetry, and vinyl floors
Executive Summary
We are pleased to present Elizabeth Apartments, a prime investment opportunity located in Monroe. Built in 1967, this well-maintained property comprises six spacious
townhome-style units, each averaging 952 square feet. The property is situated just a mile from the Evergreen State Fair, with easy access to State Route 522 and Highway 2, offering residents convenient access to nearby retailers and employers.
Five of the six 2-bedroom 1.5-bathroom units feature modern upgrades, including stainless steel appliances, quartz countertops, modern cabinetry, and vinyl flooring. The exterior of the property has also been recently renovated with fresh paint and roofing, enhancing curb appeal and improving long-term durability. The remaining unit can be renovated and low in-place rents could be increased to proven rents increase cashflow.
Elizabeth Apartments offers investors a turn-key asset with built-in upside with little to no heavy lifting. This property is located in the path of progress with local median incomes rising at a rapid pace.
townhome-style units, each averaging 952 square feet. The property is situated just a mile from the Evergreen State Fair, with easy access to State Route 522 and Highway 2, offering residents convenient access to nearby retailers and employers.
Five of the six 2-bedroom 1.5-bathroom units feature modern upgrades, including stainless steel appliances, quartz countertops, modern cabinetry, and vinyl flooring. The exterior of the property has also been recently renovated with fresh paint and roofing, enhancing curb appeal and improving long-term durability. The remaining unit can be renovated and low in-place rents could be increased to proven rents increase cashflow.
Elizabeth Apartments offers investors a turn-key asset with built-in upside with little to no heavy lifting. This property is located in the path of progress with local median incomes rising at a rapid pace.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,611,066 CAD | Apartment Style | Garden |
| Price Per Unit | $435,178 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 5.74% | Building Size | 5,712 SF |
| Gross Rent Multiplier | 12.07 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 2.8/1,000 SF |
| Zoning | MR6000 | ||
| Price | $2,611,066 CAD |
| Price Per Unit | $435,178 CAD |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| Gross Rent Multiplier | 12.07 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,712 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 2.8/1,000 SF |
| Zoning | MR6000 |
Amenities
Unit Amenities
- Cable Ready
- High Speed Internet Access
- Oven
- Stainless Steel Appliances
- Patio
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | $2,939 CAD | 952 |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 004436-002-003-00 | Total Assessment | $1,983,064 CAD |
| Land Assessment | $552,659 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,430,404 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
004436-002-003-00
Land Assessment
$552,659 CAD
Improvements Assessment
$1,430,404 CAD
Total Assessment
$1,983,064 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Elizabeth Apartments | 364 Elizabeth St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.