7234 47th Avenue Ne, Marysville, WA 98270

Marysville
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: tanner fogle, michael urquhart
Office: paragon real estate advisors
MLS#:2555393
Source:NWMLS
7234 47th Avenue Ne,Marysville, WA 98270
$4,850,000
  • - Beds
  • - Baths
  • 16,240 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,850,000
  • Price per sq. ft.:$298.65

About this home

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...

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Home facts

  • Year built:1967
  • Listing ID #:2555393
  • Updated:July 21, 2026 at 11:42 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:16,240 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1967
  • Building area:16,240 sq. ft.
  • Lot area:0.95 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Available

Finances and disclosures

  • Price:$4,850,000
  • Price per sq. ft.:$298.65
  • Tax amount:$24,269 (2026)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 21, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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