$4,850,000
 $26,036 est/mo Sourced by Back At You

7234 47th Avenue,Marysville, WA 98270

Marysville, WA 98270

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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.

Details

MLS #2555393
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1967
Days On Site70
Listing Provided ByParagon Real Estate Advisors | Tanner Fogle

Features

SQ Feet16,240
Story(s)2
Units20
ZoningMulti-Family
Acreage0.95

Taxes

Property24269

Area Information

StateWA
CountySnohomish
CityMarysville
Zip Code98270
Area770 Northwest Snohomish
Community NameNorth Marysville
Listing VS Median (in North Marysville)
Price:
$4,850,000
low | high
Med:
$533,105
100% of Average
sqft:
16,240
low | high
Med:
1,024
100% of Average
$ / sqft:
$299
low | high
Med:
$521
24.323961018041% of Average
On site:
70
low | high
Med:
180.5
38.781163434903% of Average
Sourced by Back At You

Market Activity 98270

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Learn More About This Property

StateWA
CountySnohomish
CityMarysville
Zip Code98270
Area770 Northwest Snohomish
Community NameNorth Marysville
Listing VS Median (in North Marysville)
Price:
$4,850,000
low | high
Med:
$533,105
100% of Average
sqft:
16,240
low | high
Med:
1,024
100% of Average
$ / sqft:
$299
low | high
Med:
$521
24.323961018041% of Average
On site:
70
low | high
Med:
180.5
38.781163434903% of Average
Sourced by Back At You
Listing Updated: September 22, 2026 at 12:03:52 AM PDT