$ 4,850,000
-
$4,850,000
Price -
28
Bed -
20
Bath -
16,240
SqFt
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About the Listing 7086 - 151675,120656
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.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
2555393
Year Built
1967
Total Square Footage
16,240
Lot/Acreage
0.95
Interior Details
- Bedrooms: 28
- Bathrooms: 20 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood Products
- Sewer: Available
Financial Details
- Tax Amount: $24,269
- Taxes w/Assessments: N/A
- Tax/Property ID: 30052800104200
- Tax Year: 2026
Payment Calculator
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Questions About..
7234 47th Ave NE Marysville, WA 98270
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