Listed by Greg Thody • Windermere RE North, Inc. Bought with Windermere RE North, Inc.
Off Market Jun 2004 for $478K
—
Est. refi paymentEst. refi$2,941/mo
Studio
•
— ba
•
—
sq ft
2302 Grade Rd, Lake Stevens, WA 98258
About this home
Excellent location with views of Mt. Pilchuck. Lake Stevens 6 Plex! High demand area with excellent schools and easy access to main highways (Hwy. 9 & I-5). Over 38,000 sq. ft. lot will allow for an additional building site. There are four 2-bed/2-bath, appx. 950 sq.ft apts and two 3-bed/2-bath, appx.1100 sq.ft apts. All six apartments are currently rented below market and due for rent adjustments this year.Please do not disturb the tenants. Interior insp. w/ accepted P.& S.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.88 Acres
Year renovated
—
Sq. Ft.
5,732
Year built
1990
Style
Multi-Family (5+ Unit)
County
Snohomish County
APN
00562200000907
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 12, 2026.
MFR
Multi-Family Residential District
Multi-Family Residential district is designed to accommodate attached residential uses at a minimum of 15 units per net buildable acre or more in areas served by public water and sewer facilities.
Permitted uses
Include but are not limited to:
Healthcare
Housing-Single unit
Housing-Multiple units
Communications tower
Property details
Parking
Parking Information
Parking Features: RV Parking
Interior
Interior Features
Interior Features: Wall to Wall Carpet
Flooring: Vinyl, Carpet
Multi-Family Financial Information
Electric Expense: $120
Insurance Expense: $2,800
Net Operating Income: $35,050
Gross Adjusted Income: 48450
Gross Scheduled Income: $51,000
Total Monthly Income: 4250
Gross Rent Multiplier: 11
Total Expenses: 13400
Multi-Unit Information
Units In Building Total: 6
# of Units (Total): 6
Furnished: Unfurnished
Exterior
Building Information
Roof: Composition
Exterior Features
Exterior Features: Wood
Property Information
Style Code: 55 - 5-9 Units
Property Type: Residential Income
Property Sub Type: Multi Family
Has View
Land Information
Possible Use: Multi-Family
Lot Information
Site Features: Cable TV,RV Parking
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.88
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $6,000
Tax Year: 2
Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Conventional
Utilities
Utility Information
Water Source: Public
Sewer: Sewer Connected
Utilities: Cable Connected, Sewer Connected, Electric
Water Sewer Garbage: 4480
Location
HOA Information
Association Fee Frequency: Annually
School Information
High School District: Lake Stevens
Location Information
Directions: North of restaurant.. Neopolis West side of Grade Rd. w/ hugh parking area.
Community Information
Amenities: Coin Op Laundry
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,732
Stories: 1.0
Lot Size: 0.88 acres
Style: Multi-Family (5+ Unit)
Year Built: 1990
Year Renovated: —
County: Snohomish County
APN: 00562200000907
Home facts updated by county records on Jun 12, 2026
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Friday, January 2, 2004
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 0
Building Area Total: 0
Building Area Units: Square Feet
Structure Type: Multi Family
Stories Total: 2
Around this home
Schools
Highland Elementary School
Public PreK-5 • Assigned • 0.9mi
7/10
North Lake Middle School
Public 6-7 • Assigned • 0.1mi
7/10
Lake Stevens Senior High School
Public 10-12 • Assigned • 0.8mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
7 days above 86° expected this year, 17 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, 10 days in 30 years
Provided by First Street
Historical weather
Lake Stevens, WA • 98258
Average low and high temperatures (°F)
46
33
47
34
53
38
60
40
65
46
71
50
77
53
77
56
70
52
59
44
51
41
48
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.2 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.