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Ardivus Brivity

Sooper Dooper Guy | Template Draper

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7234 47th Ave NE , Marysville, WA 98270
$4,850,000
Est. Payment: $24,376.43/mo
28 Bed
20 Bath
16240 Sqft
Status: active | Days on site: 1
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Ardivus Brivity
Sooper Dooper Guy
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House 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.
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Highlights

Listed by Tanner Fogle , 206-623-8880 and Michael Urquhart , 206-623-8880 Paragon Real Estate Advisors , 206-623-8880. Northwest Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.95

Year Built

1967

County

Snohomish

Area

770 - Northwest Snohomish

 Neighborhood

North Marysville

 School District

Marysville

Listing ID

2555393

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:28
  • ▪ Bathrooms:20
  • ▪ Full Bathrooms:
Floor:Laminate,Carpet
Other:Public

Exterior Features

Lot:Zoning: Multi-Family
Garage Capacity:0
Zoning:Multi-Family
Roof:Composition
Others:Wood Products
Sewer:Available
Principal Interest
$24,376
Taxes
$2,022

Home Price

$4,850,000

Loan Details

30 yrs
6.442%

Down Payment

20%
$970,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$24,376.43

Principal

Taxes

Principal Taxes HOA Total
Monthly $24,376.43 $2,022.42 $0.00 $26,398.85
Yearly $292,517.15 $24,269.00 $0.00 $316,786.15
Total $8,775,514.50 $728,070.00 $0.00 $9,503,584.50
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Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Marysville, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-07-18T00:26:14.000Z

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