Log In/Sign Up
Your email has been sent.
930 Stitch Rd 2 Unit Apartment Building $1,632,372 CAD ($816,186 CAD/Unit) 4.61% Cap Rate Lake Stevens, WA 98258
Investment Highlights
- One of Lake Stevens' most desirable areas
- Two units have been completely renovated
- 1.38-acre level lot
Executive Summary
Rare Duplex Opportunity with Lake & Mountain Views on Coveted Stitch Road! Incredible investment or house-hacking opportunity in one of Lake Stevens’ most desirable neighborhoods. Completely renovated duplex sits on a spacious 1.38-acre lot offering privacy, views, and long-term potential. Each unit features 2 bedss and 1.5 baths, providing a total of 4 beds & 3 baths across the property. 3 private garages, in-unit laundry hookups, & separate utilities. Ready for immediate rental income or future value-add possibilities with an unfinished basement & 3rd meter, this property offers exceptional flexibility & upside in a serene, sought-after Lake Stevens setting with lake & mountain views just minutes from shopping, parks, & top-rated schools.
Data Room Click Here to Access
- Title and Insurance
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,632,372 CAD | Property Subtype | Apartment |
| Price Per Unit | $816,186 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.61% | Lot Size | 1.34 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 2,294 SF |
| Gross Rent Multiplier | 17.86 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1994/2025 |
| Property Type | Multifamily | Parking Ratio | 1.31/1,000 SF |
| Zoning | R4 - Residential | ||
| Price | $1,632,372 CAD |
| Price Per Unit | $816,186 CAD |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 17.86 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 2,294 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2025 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $3,809 CAD | 1,147 - 1,175 |
1 1
Property Taxes
| Parcel Number | 004931-000-017-01 | Total Assessment | $1,091,377 CAD (2025) |
| Land Assessment | $532,425 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $558,951 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
004931-000-017-01
Land Assessment
$532,425 CAD (2025)
Improvements Assessment
$558,951 CAD (2025)
Total Assessment
$1,091,377 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
930 Stitch Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.