$1,115,000
Est. $6,176/mo3,568 sq ft
514 124th Place SW #1-4, Everett, WA 98204
• Listed Sep 2, 2026•35 days active · 35 cumulative
Listing Broker: Real Broker LLC; Mina Mina Farag; 425-213-0074; mina@minateam.com
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Listing Broker: Real Broker LLC; Mina Mina Farag; 425-213-0074; mina@minateam.com
About this home
Fully leased 1978 four plex. Four identical 2 bedroom, 1 bath units at 892 square feet each, all on 12 month term leases with staggered expirations into 2027.Eleven parking spaces on a 9,583 square foot lot, four of them covered carports with storage, which is close to three spaces per unit. On site coin laundry adds $200 a month on top of rent. Units are separately metered and tenants pay their own electricity and garbage.Two paths to higher income for the next owner. One unit rents $250 a month under the two identical units beside it. Water and sewer are still owner paid while comparable buildings in this pocket already bill it back.Wood frame on poured concrete and slab, two stories, 3,568 square feet. Baseboard and wall heat. Deck, patio, partially fenced, mountain view. Dead end street.Minutes to Interstate 5, the Mariner Park and Ride, and the Boeing Everett campus at Paine Field. Rent roll, leases and expense detail available on request.
Listed by Mina Mina Farag • Real Broker LLC
Listing updated: September 24, 2026 at 06:12pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2577015
Around this home
How much should you offer?
514 124th Place SW #1-4, Everett, WA 98204
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- 4-Plex
Flooring
- Vinyl
- Vinyl Plank
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerMukilteo School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 4
- Units in building
- 4
- Units below grade
- false
- Building square feet
- 3,568 sq ft
Income & expenses
- Gross scheduled income
- $87,000
- Total monthly income
- $7,250
- Additional monthly income
- $200
- Gross adjusted income
- $87,000
- Net operating income
- $69,034
- Cap rate
- 6.19%
- Gross rent multiplier
- 12.82
- Total expenses
- $17,966
- Insurance
- $3,000
- Electric
- $966
- Water / sewer / garbage paid by
- 5243.8
Parking & storage
- Parking spaces
- 11
- Uncovered parking
- 7
- Covered spaces
- 4
Taxes & assessment
- Annual taxes
- $8,757
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 514 124th Place SW #1-4
NWMLS via MLS Grid · Snohomish County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 2, 2026ListedNWMLS via MLS Grid · #2577015$1,115,000$313/sq ft
- Oct 1, 2025SoldNWMLS via MLS Grid · #2422765$895,000$251/sq ft
- Aug 20, 2025PendingNWMLS via MLS Grid · #2422765$895,000$251/sq ft
- Aug 18, 2025ListedNWMLS via MLS Grid · #2422765$895,000$251/sq ft
- Nov 30, 2017SoldNWMLS via MLS Grid · #1190447$625,000$175/sq ft
- Oct 17, 2017PendingNWMLS via MLS Grid · #1190447$650,000$182/sq ft
Mortgage payment forecast
$7,185 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Real Broker LLC; Mina Mina Farag; 425-213-0074; mina@minateam.com
Market pulse
Everett is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 65 days.
Recent sales nearby
Within 1 mile · last 6 months$615,000 Sold
1 day ago
3 bd•2.5 ba•~1,876 sq ft•Single Family
13402 11th Place W, Everett, WA 98204
2%
Under list
35
Days on market
0.7 mi
Distance
$464,000 Sold
3 weeks ago
2 bd•2.5 ba•~1,500 sq ft•Single Family
2020 129th Place SW #C, Everett, WA 98204
2%
Under list
117
Days on market
1.0 mi
Distance
$659,000 Sold
3 weeks ago
3 bd•2 ba•~1,512 sq ft•Single Family
908 116TH Street SW, Everett, WA 98204
2%
Over list
18
Days on market
0.6 mi
Distance
$469,950 Sold
3 weeks ago
3 bd•1.5 ba•~1,413 sq ft•Single Family
222 124th Street SW #C1, Everett, WA 98204
4%
Under list
141
Days on market
0.2 mi
Distance
$469,950 Sold
4 weeks ago
3 bd•1.5 ba•~1,413 sq ft•Single Family
222 124th Street SW #H3, Everett, WA 98204
0%
Over list
—
Days on market
0.2 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 17, 2026 at 12:45 PM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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