902 25th Street
Anacortes, WA 98221
$1,200,000
Price
8
Beds
7
Baths
3,259 Sq. Ft.
$368 / Sq. Ft.
3,259
Sq. Ft.
$368
per Sq. Ft.
Listing provided courtesy of RE/MAX Gateway
Description
Don’t miss this incredible investment opportunity in the heart of beautiful Anacortes, Washington! This 7-plex features six 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit, making it an ideal property for steady rental income. Enjoy the stability of a few long-term tenants and the flexibility of one vacant unit, ready for a new tenant or potential owner-occupancy. Nestled in a desirable location near local amenities, parks, and the waterfront, this property offers both convenience and...Don’t miss this incredible investment opportunity in the heart of beautiful Anacortes, Washington! This 7-plex features six 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit, making it an ideal property for steady rental income. Enjoy the stability of a few long-term tenants and the flexibility of one vacant unit, ready for a new tenant or potential owner-occupancy. Nestled in a desirable location near local amenities, parks, and the waterfront, this property offers both convenience and charm. A rare chance to grow your portfolio in a thriving rental market—schedule a showing today and secure your future with this exceptional multifamily property!
- Listed by Kelli Lang • RE/MAX Gateway
Property Details for 902 25th Street
Community Name
Anacortes
School DistrictAnacortes
ViewBay, Mountain(s)
Number of Assigned Spaces14
Total Covered Parking0
Entry Date12-09-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
LISTING UPDATED: 12/10/2024 11:29 AM
Property Details for 902 25th Street
| Status | Active |
|---|---|
| MLS # | 2315292 |
| Days on Market | 8 |
| Cumulative Days on Market | 8 |
| Taxes | $5,955 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1900 |
| Lot Size | 0.20 AC / 8,900 SF |
| County | Skagit County |
Building Information for 902 25th Street
Stories1Residences7Year Built1900Building Size-Lot Size0.20 AC / 8,900 SF
Property Information for 902 25th Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Gas Available, Outbuildings
- Area: 815 - Anacortes
- Elementary School: Buyer To Verify
- Middle Or Junior School: Anacortes Mid
- High School: Anacortes High
- Directions: Hwy 20, North on Commercial, Right on 25th & Q, Property Left Corner of 25th.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: P58879
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 14.0
- 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: Ceramic Tile, Vinyl, Carpet
- Features: Ceramic Tile, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Forced Air, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 550
- Power Company: PSE
- Sewer Company: City of Anacortes
- Water Company: City of Anacortes
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Possible Use: Multi-Family
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 33
Lot Information
- Lot Details: Corner Lot, Paved
- Lot Size Source: Public Records
- Parcel Number Free Text: P57308
- Building Condition: Average
- Calculated Square Footage: 3259
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3259.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 14
- Number of Stories in Building: 1
- Vacancy Rate: 14
- Number Of Units Total: 7
- Units Below Grade: false
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $1,500
- Total Expenses: 8915
- Gross Adjusted Income: 92384
- Gross Rent Multiplier: 12.64
- Gross Scheduled Income: $94,884
- Insurance Expense: $910
- Net Operating Income: $83,469
- Other Expenses: $0
- Total Monthly Income: 7907
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 377
- Rent Unit 1: $1,185.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 338
- Rent Unit 2: $980.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 446
- Rent Unit 3: $845.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 446
- Rent Unit 4: $1,122.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 1098
- Rent Unit 5: $1,395.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Square Feet Unit 6: 502
- Rent Unit 6: $1,250.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Square Feet Unit 7: 446
- Rent Unit 7: $1,130.00
- Bedrooms Unit 7: 1
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3653.0
- Leasable Area Units: Square Feet
Property History for 902 25th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 902 25th Street
Taxable ValueLand$403,200Additions$284,800Total$688,000
Tax Record2022$5,882 ($490 / month)
Home Facts
Baths1Total Finished SqFt3,259 SqFtAbove Ground SqFt3,259 SqFtStories2Lot Size6,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1990CountySKAGITAPN3794-001-003-0009
Schools near 902 25th Street
This home is within Anacortes School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Island View Elementary School PublicK to 5 | ||
Anacortes Middle School Public6 to 8 | ||
Anacortes High School Public9 to 12 | ||
Open Doors Public9 to 12 |
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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Listing Courtesy of RE/MAX Gateway
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.
