USAWAMarysvilleNorth Marysville7234 47Th Avenue Ne
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$4,850,000

For Sale

2 days ago

7234 47Th Avenue Ne, Marysville, WA

House

MLS® 2555393

0 Bed

0 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $24,269
Days Active 1
Lot Size 0.95 Acres
Approx. Age 1967
MLS® Number 2555393

Property Address: 7234 47th Avenue Ne, Marysville, WA, 98270

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2555393
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1967
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 16, 2026List Date
$4,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
7234 47Th Avenue Ne, Marysville, WA

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