354 -364 W Elizabeth Street, Monroe, WA 98272
- $1,810,000
Listing courtesy of Northmarq Multifamily, LLC. Selling Office: Real Estate Collection.
- Sold Price
- $1,810,000
- List Price
- $1,910,000
- Status
- SOLD
- MLS#
- 2444474
- Closing Date
- Mar 03, 2026
- Days on Market
- 78
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Annual Tax Ammount
- 11743
- Lot Size (sq ft)
- 15,682
- Sewer
- Sewer Connected
Property Description
We are pleased to present Elizabeth Apartments, located in Monroe. Built in 1967, this well-maintained property comprises 6 spacious townhome-style units, each averaging 952SF. There is carport parking at the back of the property, as well as open parking in the front. The property also offers coin-operated common laundry facilities and private patio spaces. 3 of the 6 2-BD 1.5-BTH units feature modern upgrades, including stainless steel appliances, quartz CT, modern cabinetry, and vinyl flooring. The exterior of the property has also been recently updated with fresh paint and roofing, enhancing curb appeal and improving long-term durability. The remaining 3 classic units can be renovated to increase rents and improve long-term income.
Additional Information
- List Date
- 2025-12-15 00:00:00
- Community
- Monroe
- Net Operating Income
- $109,616
- Gross Adjusted Income
- $150,286
- Gross Scheduled Income
- $158,196
- Total Monthly Income
- $14,236
- Insurance Expenses
- $3,896
- Water/Sewer/Garbage Expenses
- $14,652
- Gross Rent Multiplier
- 12.07
- Total Expenses
- $51,814
- Cap Rate
- 5.74
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 354 -364
- Potential Terms
- Cash, Conventional
- Year Built
- 1967
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet, Outbuildings, Patio
- Other Expenses
- 21523
- Energy Source
- Electric
- School District
- Monroe
- Total Monthly Income
- $14,236
- Gross Scheduled Income
- $158,196
- Vacancy Rate
- 5
- Gross Adjusted Income
- $150,286
- Tax Year
- 2025
- Insurance Expense
- $3,896
- W/S/G Expenses
- $14,652
- Total Expenses
- $51,814
- Net Operating Income
- $109,616
- Gross Rent Multiplier
- 12.07
- Cap Rate
- 5.74
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.