804 124th Street SW Everett, WA 98204

ATTENTION INVESTORS & PORTFOLIO BUILDERS: Prime 4-Plex Below Assessed Value with Strong Cap Rate!A rare, turn-key investment opportunity in South Everett! Offered below tax-assessed value with an attractive cap rate in today's market, this high-performing 4-plex delivers immediate cash flow, built-in equity, and low-maintenance ownership. Ideally situated just minutes from I-5, Hwy 99, Paine Field, Boeing, local dining, shopping centers, and upcoming light rail extensions, this property guarantees continuous rental demand and long-term appreciation.Set on an expansive 13,000+ sq. ft. lot, the property features four spacious mirror-image units (each 2 beds, 1.5 baths, under 1,000 sq. ft.) complete with in-unit laundry and 2 dedicated parking spaces per unit (8 total). Key capital improvements are already complete, highlighted by a roof replaced within the last 5 years.Unit A is vacant, fresh, and ready to show—boasting brand-new kitchen updates, modernized bathrooms, upgraded flooring, and fresh interior paint. Unit D offers recent partial updates with additional rent-upside potential, while Units B and C received clean, quality updates a few years ago. Units B, C, and D are currently occupied by reliable tenants—please do not disturb the tenants under any circumstances.To top it off, operational management is streamlined with an HOA that covers grounds maintenance and garbage pickup, keeping your overhead low and your holding hassle-free. Bring your offer today before