Listed by David Hilbert • Real Estate 2000 Inc. Bought with Keller Williams North Seattle.
Sold on Mar 2026
$3,850,000
—
bd
•
— ba
•
12,750
sq ft
303 Poppy Rd, Bothell, WA 98012
About this home
Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!
Multi-familyProperty Type
1968Year Built
4.55 acresLot Size
$302Price/Sq.Ft.
27 spacesParking
Listed by David Hilbert• Real Estate 2000 Inc.
Bought with Kevin Fitzgerald• Keller Williams North Seattle
The intent and function of Single Family Residential zones is to provide for predominantly single family residential development that achieves a minimum net density of 4 dwelling units per net acre.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Infrastructure
Kennel
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Parking Uncovered Spaces: 27
Open Parking Spaces: 27
Has Open Parking
Interior
Virtual Tour
Heating & Cooling
Has Heating
Heating Information: Baseboard
Cooling Information: None
Multi-Family Financial Information
Net Operating Income: $276,883
Gross Adjusted Income: 362651
Total Monthly Income: 362651
Gross Rent Multiplier: 0
Total Expenses: 0
Multi-Unit Information
Units Below Grade: true
Units In Building Total: 17
Exterior
Building Information
Construction Materials: Wood
Roof: Composition
Exterior Features
Exterior Features: Wood
Property Information
Energy Source: Electric
Style Code: 56 - 10+ Units
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Updated/Remodeled
Land Information
Possible Use: Residential
Lot Information
MLS Lot Size Source: Chicago Title
Zoning Jurisdiction: County
Lot Size Units: Square Feet
Lot Size Acres: 4.55
Elevation Units: Feet
Financial
Tax Information
Tax Year: 2025
Financial Information
Listing Terms: Cash, Conventional
Buyer Financing: Conventional
Utilities
Utility Information
Sewer: Sewer Connected
Water Sewer Garbage: 0
Location
School Information
High School District: Northshore
Location Information
Directions: GPS Friendly
Community Information
Amenities: Coin Op Laundry
Public facts
Beds: —
Baths: 9.0
Sq. Ft.: 5,604
Stories: 2.0
Lot Size: 0.48 acres
Style: Multi-Family (5+ Unit)
Year Built: 1968
Year Renovated: —
County: Snohomish County
APN: 00373000700101
Home facts updated by county records on Jun 12, 2026
Other
Listing Information
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Mls Status: Sold
Listing Date Information
On Market Date: Tuesday, November 18, 2025
Green Information
Power Production Type: Electric
Home Information
Calculated Square Footage: 12750
Building Area Total: 12750
Building Area Units: Square Feet
Structure Type: Multi Family
Stories Total: 2
Around this home
Schools
Cedar Wood Elementary School
Public PreK-5 • Assigned • 2.2mi
10/10
Heatherwood Middle School
Public 6-8 • Assigned • 3.2mi
8/10
Henry M. Jackson High School
Public 9-12 • Assigned • 3.3mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
6 days above 85° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Bothell, WA • 98012
Average low and high temperatures (°F)
46
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52
40
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42
66
47
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77
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76
57
70
53
59
45
50
41
47
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Oct
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Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.