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$1,296,000

  • For Sale
  • Active
  • Multi-Family

Listed by Steve Morrow | Next Horizon Realty | (425) 260-5700

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Extra Large 5589sf Four Plex with a single, long term tenant. Annual income of $84,000 and tenant pays all utilities. 5.3% cap. Three units with two bedrooms and one unit with three bedrooms. Each unit has two baths. Shared laundry room on site. Tenant maintains the laundry and handles most simple repairs. Easy to own and easy to manage.

Full Property Details for 12421 5th Ave W

General

  • Price: $1,296,000
  • Taxes: $9,193 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2390007
  • Updated: 11/18/2025
  • Added to Site: 219 day(s) ago

Interior

  • Flooring: Laminate, Carpet

Additional Information

  • Amenities: Deck

Parking

  • Uncovered Spaces: 10

Location

  • Area: 740 - Everett/Mukilteo
  • County: Snohomish
  • Subdivision: Mariner
  • Driving Directions: 128th Street Exit from I-405. Head west one long block to Right on 4th Ave. Four blocks to Left on 124th. First Left on 5th. Second building on the Left. Brick building.

School Information

  • High School District: Mukilteo
  • High School: Mariner High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Wall Unit(s)

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Brick
  • Foundation: Poured Concrete
  • Roof: Flat, Shake
  • Stories in Building: 2
  • Square Feet: 5,589
  • Year Built: 1979
  • Property Condition: Average

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 10,454
  • Lot Size Source: tax
  • Lot Features: Corner Lot, Cul-De-Sac
  • Zoning: Multi-Family

Financial Considerations

  • Assoc Fee Freq.: Not Applicable
  • Tax Amount: $9,193
  • Tax Year: 2024
  • Terms: Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 660300000100

Listed by Steve Morrow | Next Horizon Realty | (425) 260-5700

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NMLS#: 1598647

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Schools serving 12421 5th Ave W

School District:Mukilteo School District
NameGradesDistance
Lake Stickney Elementary School
1625 Madison Way, Lynnwood, WA 98087
K-51.3 mi
Voyager Middle School
11711 4th Avenue West, Everett, WA 98204
6-80.5 mi
Mariner High School
200 120th Street Southwest, Everett, WA 98204
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12421 5th Ave W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/17/2025
Price Reduced
$1,296,000
-7.16%
MLS
6/11/2025
Listed
$1,396,000
71.29%
MLS
4/15/2019
Sold
$815,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12421 5th Ave W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,432
39%
$1,046,900
20%
2023
$7,480
-8%
$875,700
8%
2022
$8,105
-1%
$812,000
—
2021
$8,191
—
$812,000
16%
2021
$8,191
14%
$698,000
—
2020
$7,174
8%
$698,000
8%
2019
$6,635
-8%
$645,000
5%
2018
$7,220
17%
$616,000
16%
2017
$6,145
4%
$531,000
5%
2016
$5,886
3%
$504,000
12%
2015
$5,727
9%
$448,000
9%
2014
$5,242
—
$410,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Steve Morrow | Next Horizon Realty | (425) 260-5700

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12421 5th Avenue W, Everett, WA 98204 (MLS# 2390007) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 12421 5th Avenue W is currently listed for $1,296,000 and was received on June 11, 2025. Want to learn more about 12421 5th Avenue W? Do you have questions about finding other Multi-Family real estate for sale in Everett? You can browse all Everett real estate or contact a Coldwell Banker agent to request more information.

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