231 164th Street Southeast

Bothell, WA 98012

$699,950
Price
5
Beds
2
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Blue Ridge Realty, Inc.

Description

Fixer triplex on 10,890 Sq Ft corner site zoned for up to 5 units/townhomes. Has steady, long-term tenants. Located on 164th Street between Mill Creek & I-5. Adjoins "Mill Creek Townhomes" to the south. Present old triplex structure with long term tenants allows for additional income ($39K+NOI) while planning future development & obtaining permits. Maybe feasible to rehab and add more units/townhomes to site? Sewer connected and rare corner access with dual driveway curb cuts. Townhouse development...Fixer triplex on 10,890 Sq Ft corner site zoned for up to 5 units/townhomes. Has steady, long-term tenants. Located on 164th Street between Mill Creek & I-5. Adjoins "Mill Creek Townhomes" to the south. Present old triplex structure with long term tenants allows for additional income ($39K+NOI) while planning future development & obtaining permits. Maybe feasible to rehab and add more units/townhomes to site? Sewer connected and rare corner access with dual driveway curb cuts. Townhouse development allowed with one unit per 2,000 sq ft per Snohomish County MR Zoning. Sewer & water lines replaced 1999. Full pre-inspection & sewer scope completed for existing "as-is" structure. Location, Location, Location!
  1. Listed by Jon B. Beahm • Blue Ridge Realty, Inc.

Property Details for 231 164th Street Southeast

Community Name
Mill Creek
School District
Edmonds
Number of Assigned Spaces
6
Total Covered Parking
0
Offers Review Date
11-26-2024
Entry Date
11-19-2024
Energy Source
Electric,See Remarks
Sewer
Sewer Connected
LISTING UPDATED: 11/21/2024 11:08 AM

Property Details for 231 164th Street Southeast

StatusActive
MLS #2312351
Days on Market2
Cumulative Days on Market2
Taxes$4,396 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.25 AC / 10,890 SF
CountySnohomish County

Building Information for 231 164th Street Southeast

Stories1Residences3Year Built1920Building Size-Lot Size0.25 AC / 10,890 SF

Property Information for 231 164th Street Southeast

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Area: 730 - Southwest Snohomish
  • Elementary School: Oak Heights ElemOh
  • Middle Or Junior School: Alderwood Mid
  • High School: Lynnwood High
  • Directions: East on 164th Street from I-5 to 3rd St SE.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: See Remarks, Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 2966
  • Power Production Type: Electric, See Remarks
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 15
Lot Information
  • Lot Details: Corner Lot, Sidewalk
  • Lot Size Dimensions: 86 x 135 less corner tringle
  • Lot Size Source: SCA
  • Parcel Number Free Text: 27040100400300
  • Calculated Square Footage: 0
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 1
  • Vacancy Rate: 2
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 8962
  • Gross Adjusted Income: 47922
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $48,900
  • Insurance Expense: $1,200
  • Net Operating Income: $38,960
  • Other Expenses: $400
  • Total Monthly Income: 4075
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Rent Unit 1: $1,650.00
  • Bedrooms Unit 1: 3
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Rent Unit 2: $1,325.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Rent Unit 3: $1,100.00
  • Bedrooms Unit 3: 0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2045.0
  • Leasable Area Units: Square Feet

Property History for 231 164th Street Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 231 164th Street Southeast

Taxable ValueLand$327,300Additions$77,600Total$404,900
Tax Record2023$3,581 ($298 / month)
Home Facts
Baths3Total Finished SqFt2,045 SqFtAbove Ground SqFt2,045 SqFtStories1Lot Size10,890 SqFtStyleTriplexYear Built1920ZoningSICountySNOHOMISHAPN27040100400300Fireplace TypeHas Fireplace

Schools near 231 164th Street Southeast

This home is within Edmonds School District.
Rating
School
Type
Grades
Distance
Oak Heights Elementary School
Public - K to 6
Alderwood Middle School
Public - 7 to 8
Lynnwood High School
Public - 9 to 12
Unassigned Special Education
Public - PK to 9
Rating
School
Distance
Oak Heights Elementary School
PublicK to 6

Alderwood Middle School
Public7 to 8

Lynnwood High School
Public9 to 12

Unassigned Special Education
PublicPK to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 231 164th Street Southeast, Bothell, WA 98012

231 164th Street Southeast is a multi-family home for sale in Bothell, WA 98012. This property was listed for sale on November 19, 2024 by Blue Ridge Realty, Inc., it's currently listed at $699,950. This listing's school district is Edmonds School District. Nearby schools include Oak Heights Elementary School, Alderwood Middle School and Lynnwood High School. 231 164th Street Southeast is a 5-bed, 2-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Blue Ridge Realty, Inc.

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.