$980,800
Est. $5,433/mo3,840 sq ft
804 124th Street SW, Everett, WA 98204
• Listed Oct 9, 2026
Listing Broker: CENTURY 21 Real Estate Center; Harjinder Singh; 206-643-7853; Harjinder@TheLionEstates.com
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Listing Broker: CENTURY 21 Real Estate Center; Harjinder Singh; 206-643-7853; Harjinder@TheLionEstates.com
About this home
ATTENTION INVESTORS: Prime 4-Plex Below Assessed Value with High-Yield Upside! A rare, turn-key investment opportunity in South Everett! Offered below tax-assessed value with an attractive cap rate in today's market, this 4-plex delivers immediate cash flow with current rents below market—offering massive upside potential to increase income, or house-hack, build equity, and live rent-free in a freshly renovated unit. Conveniently located near I-5, Hwy 99, Paine Field, Boeing, dining, retail, and upcoming light rail extensions for strong demand and future appreciation. Situated on an expansive 13,000+ sq. ft. lot, the property features four spacious mirror-image units (2 beds, 1.5 baths, under 1,000 sq. ft. each) with in-unit laundry and 2 dedicated parking spaces per unit (8 total). Major capital improvements are complete, including a roof replaced within the last 5 years. Unit A is vacant and ready to show—boasting a brand-new kitchen, modernized bathrooms, new flooring, and fresh interior paint. Unit D has recent partial updates with rent upside, while Units B and C had clean updates a few years ago. Units B, C, and D are tenant-occupied—please do not disturb tenants. Operational management is streamlined with an HOA covering grounds maintenance and garbage pickup, keeping overhead low and holdings hassle-free. Bring your offer today before this below-assessed-value cash cow is gone!
Listed by Harjinder Singh • CENTURY 21 Real Estate Center
Listing updated: October 10, 2026 at 02:43pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2592847
Around this home
How much should you offer?
804 124th Street SW, 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
- Laminate
- Vinyl Plank
- Carpet
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
- 3,840 sq ft
Income & expenses
- Gross scheduled income
- $82,800
- Total monthly income
- $82,800
- Gross adjusted income
- $80,316
- Net operating income
- $57,330
- Cap rate
- 5.85%
- Gross rent multiplier
- 11.84
- Vacancy rate
- 3%
- Total expenses
- $22,986
- Insurance
- $3,839
- Electric
- $120
- Other expenses
- $4,320
- Water / sewer / garbage paid by
- 5500
Parking & storage
- Parking spaces
- 8
- Uncovered parking
- 8
Taxes & assessment
- Annual taxes
- $9,207
- 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.
Opens with the report above.
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$6,805 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%.
Commute times
Driving times to major Puget Sound employers, modeled at a typical Tuesday 8:30am rush hour. Powered by Google Maps live traffic data.
Microsoft (Redmond)
Peak (Tue 8:30am)
Amazon HQ (Seattle)
Peak (Tue 8:30am)
Google (Kirkland)
Peak (Tue 8:30am)
Downtown Bellevue
Peak (Tue 8:30am)
Downtown Seattle
Peak (Tue 8:30am)
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: CENTURY 21 Real Estate Center; Harjinder Singh; 206-643-7853; Harjinder@TheLionEstates.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$464,000 Sold
2 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
0.8 mi
Distance
$659,000 Sold
2 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
0.5 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
0.4 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
0.4 mi
Distance
$120,000 Sold
4 weeks ago
3 bd•2 ba•Single Family
11100 4th Avenue W #22, Everett, WA 98204
0%
Over list
53
Days on market
0.9 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
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 10, 2026 at 02:43pm (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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