$4,850,000
Est. $24,729/mo7234 47th Avenue Ne, Marysville, WA 98270
• Listed 2026-07-16•12 days on market
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Based on information submitted to the MLS GRID as of July 16, 2026 at 10:13am (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Tanner Fogle • Paragon Real Estate Advisors
Listing updated: July 16, 2026 at 10:13am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2555393
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Open Wed, Jul 29 +3RexMont Value Snapshot
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7234 47th Avenue Ne, Marysville, WA 98270
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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Marysville is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$685,000 Sold
4 weeks ago
4 bd•2 ba•~2,703 sq ft•Single Family
5822 82nd Place Ne, Marysville, WA 98270
2%
Under list
—
Days on market
0.9 mi
Distance
$600,000 Sold
7 weeks ago
4 bd•1.5 ba•~1,923 sq ft•Single Family
8806 47th Drive Ne, Marysville, WA 98270
0%
Over list
—
Days on market
0.9 mi
Distance
$86,500 Sold
2 months ago
3 bd•2 ba•Single Family
7508 47th Avenue Ne #9, Marysville, WA 98270
13%
Under list
—
Days on market
0.1 mi
Distance
$2,395 Sold
3 months ago
3 bd•2.5 ba•Single Family
1031 Cedar Avenue #102, Marysville, WA 98270
0%
Over list
—
Days on market
0.6 mi
Distance
$1,075,000 Sold
3 months ago
5 bd•1 ba•~3,683 sq ft•Single Family
1407 Cedar Avenue, Marysville, WA 98270
0%
Over list
—
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
