$4,850,000
7234 47th Avenue NE, Marysville, WA 98270
16,240 Sq Ft
Favorite
Email

MLS #2555393 / Listing provided by NWMLS & Paragon Real Estate Advisors.

$4,850,000

7234 47th Avenue NE
Marysville, WA 98270

Active 18 hours ago
16,240
Sq Ft
$299
Per Sq Ft
1967
Year Built

The Cove Apartments offers investors a compelling combination of strong in-place cash flow, recent capital improvements, and long-term upside in the growing Marysville market. The property has benefited from significant interior and exterior upgrades, including renovated apartment homes, in-unit washers and dryers in every unit, fresh exterior paint, updated signage, and ample on-site parking, creating a low-maintenance investment that continues to attract tenant demand. Currently operating at a strong 6.91% in-place cap rate, The Cove delivers exceptional day-one returns while offering future rental growth potential. Its functional unit mix, proven operational performance, and recent improvements provide stability and long-term value appreciation. Conveniently located near Interstate 5, State Route 529, and State Route 9, residents enjoy easy access to major employment centers throughout Snohomish County and the greater Seattle area. Supported by strong population growth, expanding infrastructure, limited multifamily supply, and sustained economic investment across the North Puget Sound region, The Cove Apartments represents an outstanding opportunity to acquire a well-positioned, income-producing asset with both immediate cash flow and long-term investment potential.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 0
  • Total Uncovered Parking Spaces: 0

Structure

  • Roof: Composition
  • Exterior Features: Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Acres: 0.95
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Marysville

Lot Details

  • Acres: 0.95
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Available
  • Water Source: Public
  • Water, Sewer, and Garbage: 28080
Mortgage Calculator
Details Home Team

Details Home Team

Send Details Home Team an email