Incredible Marysville Investment Opportunity! One side is completely move in ready, while you rent the other side out! This well-maintained duplex offers the perfect blend of stability and sweat equity. You can purchase this property for as little as 3.5% down and possibly use an accelerated cost segregation to increase tax deductions! Each unit features a spacious 3-bedroom, 1.5-bathroom layout, including a clever garage conversion that provides a third bedroom while still retaining ample storage space in the remaining garage area. Recent capital improvements provide peace of mind, including a brand-new roof and fresh exterior touch-ups. One unit has been recently spruced up with new interior paint, making it move-in ready for an owner-occupant or a new tenant at market rent. The other side is already occupied, providing immediate cash flow. Both units enjoy impressively large, private backyards—perfect for gardening, pets, or entertaining. Whether you're looking to start your portfolio or move into one side and let the neighbor pay your mortgage, this is the one!
Downtown Marysville, located between the Snohomish River and Ebey Slough, is a historic and walkable Marysville neighborhood with a classic main-street grid and a civic core. The neighborhood’s character concentrates around State Avenue and 4th Street, where storefronts, coffee counters, and small eateries line the sidewalks. The Marysville Opera House, Village Theatre at the Opera House, and the Marysville Historical Society anchor local culture in restored, early-era buildings. Brick facades and modest commercial blocks give the streets a tidy, old-town rhythm. Jennings Memorial Park adds lawns and shade near downtown’s public buildings. The river-and-slough edges keep the landscape open and grounded in the valley.
Provided by Walk Score and Local Logic
Offer insights
6920 Armar Rd · $699,000
$699K and above
75% chance or better to win
Why $699K+ is a strong offer
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
LIST PRICE
$699,000
Median list price in this area is $823,419. (18% higher than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Laminate and carpet flooring
Baseboard heating
Fireplace in each unit
Bedrooms
Each unit has 3 bedrooms
Bathrooms
Each unit has 2 bathrooms
Kitchen
Each unit includes a range/oven, refrigerator, and dishwasher
Laundry & utility
No in-unit washer/dryer (units do not include laundry hookups listed)
Flooring
Laminate flooring
Carpet flooring
Heating & cooling
Baseboard heating
No central air
Exterior features
Wood exterior
Shared driveway serving two duplexes
Has view
Home design
Duplex (Residential income / Multi-family)
2-story building
Built/effective year 1979
Parking
Detached garage space for 1 car (garage ~528 sq ft)
2 uncovered parking spaces
Construction
Wood construction
Composition roof
Poured concrete foundation
Utilities
Electric service
Sewer connected
Financial info
Two-unit property
Gross scheduled income approximately $39,600 per year
Total monthly income reported $3,300
Gross adjusted income reported $39,600
Net operating income reported $29,538
Total expenses reported $10,062
Insurance expense approximately $1,700
Other expenses approximately $600
Gross rent multiplier reported 18.3
Vacancy rate reported 1%
Other
Listing terms: Cash, Conventional, FHA, VA Loan
Electricity and solar
View estimated energy costs and solar savings for this home