15027 179th Avenue SE, Monroe, WA 98272
- $2,070,000
Listing courtesy of Northmarq Multifamily, LLC. Selling Office: Ridge Realty.
- Sold Price
- $2,070,000
- List Price
- $2,350,000
- Status
- SOLD
- MLS#
- 2384430
- Closing Date
- Nov 21, 2025
- Days on Market
- 112
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 11639
- Lot Size (sq ft)
- 42,689
- Sewer
- Septic Tank
Property Description
We are excited to present Greenacre, a prime investment opportunity located in Monroe. Built in 1967, this well-maintained property features 8 spacious 2-BD, 1-BTH units, each averaging 900 SF. Greenacre has undergone recent renovations to 3 of the units, including stainless steel appliances, modern cabinetry, LVP flooring, and granite CT. Each unit also includes in-unit laundry. With ample parking options, including on-site and street parking as well as reserved carports, Greenacre offers great value and convenience for its residents. The property presents a significant value-add opportunity with the potential to increase rents on renovated units and renovate existing classic units to modern finishes.
Additional Information
- List Date
- 2025-08-01 00:00:00
- Community
- Monroe
- Net Operating Income
- $134,418
- Gross Adjusted Income
- $183,693
- Gross Scheduled Income
- $192,798
- Total Monthly Income
- $15,308
- Insurance Expenses
- $2,870
- Water/Sewer/Garbage Expenses
- $9,979
- Gross Rent Multiplier
- 12.9
- Total Expenses
- $49,275
- Cap Rate
- 5.63
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 15027
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1967
- Roof
- Composition
- Other Expenses
- 24787
- Energy Source
- Electric
- School District
- Monroe
- Total Monthly Income
- $15,308
- Gross Scheduled Income
- $192,798
- Vacancy Rate
- 5
- Gross Adjusted Income
- $183,693
- Tax Year
- 2025
- Insurance Expense
- $2,870
- W/S/G Expenses
- $9,979
- Total Expenses
- $49,275
- Net Operating Income
- $134,418
- Gross Rent Multiplier
- 12.9
- Cap Rate
- 5.63
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.