2424 99th Avenue NE · Lake Stevens, WA 98258
Source: NWMLS · Real Residential · Jessica Schmuland #NWM2549662
About this home
Beautifully updated duplex in a prime Lake Stevens location, offering an exceptional opportunity for investors or owner-occupants. This turnkey property boasts an impressive 6% cap rate, making it an attractive addition to any investment portfolio. Each spacious unit features a functional two-story floor plan with an open main level, including a generous living area, updated kitchen, and convenient half bath, while the upper level offers comfortable bedrooms and a full bath. Recent improvements throughout provide a fresh, modern feel, and the former carports have been converted into fully enclosed garages for added convenience, security, and storage. Each unit also enjoys a private backyard, creating a welcoming outdoor space to relax or entertain. Ideally situated just blocks from Lundeen Park, Lake Stevens, neighborhood amenities, and with easy access to I-5, Highway 9, and Frontier Village, this property offers the perfect combination of strong cash flow, modern updates, and an outstanding location.
Location
Basics
- Property type
- Multi Family
- Style
- Duplex
- Stories
- 2 stories
- Condition
- Good
- Year built
- 1991
- Building area
- 2,400 sq ft
- Lot size
- 18,295 sq ft (0.42 acres)
- County
- Snohomish
- MLS #
- NWM2549662
Interior
- Heating
- Baseboard, Wall Furnace
- Cooling
- None
- Flooring
- Vinyl Plank, Carpet
Exterior & lot
- Exterior features
- Wood Products
- Roof
- Composition
- Foundation
- Block
- Lot features
- Dead End Street, Paved
- Waterfront
- No
Parking
- Parking spaces
- 4
- Garage
- 2
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Lake Stevens
- Property tax
- $6,288 (2025)
Transaction
- Original list price
- $870,000 (2.3% price cut)
- Listed on
- Jul 7, 2026
- Days on market
- 66
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2007-04-23
- Sold$390,000
Schools
School district: Lake Stevens
- High
- Lake Stevens Senior High SchoolSchoolDigger 4 stars · Top 24% in WA

Listing provided courtesy of: Real Residential
Listing agent: Jessica Schmuland.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-12.