$995,000
Est. $5,511/mo3,008 sq ft
429 1st Avenue N, Algona, WA 98001
• Listed Oct 16, 2026•3 days active · 3 cumulative
Listing Broker: Pacific Residential Brokers; Tom O'Brien; 253-988-0080; tom@paccombrokers.com
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Listing Broker: Pacific Residential Brokers; Tom O'Brien; 253-988-0080; tom@paccombrokers.com
About this home
Well-Maintained Algona 4-Plex with Rental Upside Excellent investment opportunity in a convenient Algona location! This well-maintained 4-plex features four 2-bedroom, 1-bath units, each approximately 750 square feet, situated on a generous 12,700-square-foot lot with ample parking. Each unit includes a dishwasher and washer/dryer hookups. Conveniently located near Highway 167, shopping, dining, and area amenities. Current rents are below market, providing an opportunity to increase rental income and enhance investment returns.
Listed by Tom O'Brien • Pacific Residential Brokers
Listing updated: October 16, 2026 at 03:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2595521
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
429 1st Avenue N, Algona, WA 98001
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
- Ceramic Tile
- Engineered Hardwood
- Laminate
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Alpac Elementary SchoolPublic · Grades PK-5 · 0.6 mi · State rank 642 of 1,1384/10
- Mt Baker Middle SchoolPublic · Grades 6-8 · 1.3 mi · State rank 302 of 5144/10
- Auburn Riverside High SchoolPublic · Grades 9-12 · 1.4 mi · State rank 190 of 3966/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries 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
- 3,008 sq ft
Income & expenses
- Gross scheduled income
- $72,000
- Total monthly income
- $6,000
- Gross adjusted income
- $69,840
- Net operating income
- $48,318
- Cap rate
- 4.85%
- Gross rent multiplier
- 13.82
- Vacancy rate
- 2,160%
- Total expenses
- $21,520
- Insurance
- $3,000
- Water / sewer / garbage paid by
- 10800
Parking & storage
- Parking spaces
- 6
- Uncovered parking
- 6
Taxes & assessment
- Annual taxes
- $7,720
- Tax year
- 2025
- 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.
Sales & Tax Records for 429 1st Avenue N
NWMLS via MLS Grid · King 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.
- Oct 16, 2026ListedNWMLS via MLS Grid · #2595521$995,000$331/sq ft
- Nov 21, 2001SoldNWMLS via MLS Grid · #21100966$225,000$75/sq ft
- Oct 24, 2001PendingNWMLS via MLS Grid · #21100966$235,000$78/sq ft
- Jul 30, 2001ListedNWMLS via MLS Grid · #21100966$235,000$78/sq ft
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
$6,403 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%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Pacific Residential Brokers; Tom O'Brien; 253-988-0080; tom@paccombrokers.com
Market pulse
Algona is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 40 days.
Recent sales nearby
Within 1 mile · last 6 months$734,000 Sold
2 weeks ago
3 bd•2.5 ba•~2,237 sq ft•Single Family
35615 56th Avenue S, Auburn, WA 98001
1%
Over list
61
Days on market
0.8 mi
Distance
$540,000 Sold
2 weeks ago
4 bd•2 ba•~1,680 sq ft•Single Family
221 2nd Avenue N, Algona, WA 98001
0%
Over list
43
Days on market
0.3 mi
Distance
$514,000 Sold
5 weeks ago
3 bd•2 ba•~1,500 sq ft•Single Family
200 10th Avenue N, Algona, WA 98001
3%
Over list
53
Days on market
0.9 mi
Distance
$579,950 Sold
7 weeks ago
3 bd•2.5 ba•~1,670 sq ft•Single Family
212 2nd Avenue N, Algona, WA 98001
0%
Over list
28
Days on market
0.3 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 19, 2026 at 6:53 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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HO
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