2406 & 2410 Callow Road, Lake Stevens, WA 98258
- $1,170,000
- 4,800
- SqFt
Listing Broker: Keller Williams Western Realty; Dan Pittsenbarger; ; Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $1,170,000
- List Price
- $1,150,000
- Status
- SOLD
- MLS#
- 2511679
- Closing Date
- May 27, 2026
- Days on Market
- 1
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 4,800
- Area Total SqFt
- 4800
- Annual Tax Ammount
- 11082
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 31,364
- Sewer
- Sewer Connected
Property Description
Rare multi-unit investment opportunity in the heart of Lake Stevens! This offering includes two side-by-side duplexes situated on a combined 0.72-acre lot, delivering scale, flexibility, and strong long-term upside. The unit mix features two 2-bedroom, 1.5-bath units at 2406 Callow Rd and two larger 3-bedroom, 1.5-bath units at 2410 Callow Rd—ideal for attracting a diverse tenant base. All four units include a stove, refrigerator, dishwasher, and in-unit washer/dryer hookups, providing the conveniences renters are looking for. Unit 2406 #B is available for showings and offers a representative look at the overall condition and layout. Both duplexes feature brand new roofs installed in April 2026, minimizing near-term capital expenses. Current rents are well below market, presenting a clear value-add opportunity to increase income and maximize returns. Properties may be purchased individually or together, with a discount available for buyers acquiring both—an excellent chance to secure adjacent income-producing assets in a strong rental market. Huge backyard behind all the units can be made more useable as the tenant has done at 2406 Unit A (most southerly unit). Individual MLS#'s are 2511513 for 2406 Callow Rd and 2511577 for 2410 Callow Rd.
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Additional Information
- List Date
- 2026-05-26 00:00:00
- Community
- Lake Stevens
- Net Operating Income
- $42,738
- Gross Scheduled Income
- $70,860
- Total Monthly Income
- $5,905
- Insurance Expenses
- $4,200
- Water/Sewer/Garbage Expenses
- $12,840
- Total Expenses
- $28,122
- Total Number of Units
- 4
- Unit Name
- 2406
- Potential Terms
- Cash, Conventional
- Year Built
- 1990
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings, Patio
- Energy Source
- Electric
- School District
- Lake Stevens
- Elementary School
- Highland Elem
- Middle School
- North Lake Mid
- High School
- Lake Stevens Snr Hig
- Total Monthly Income
- $5,905
- Gross Scheduled Income
- $70,860
- Tax Year
- 2026
- Insurance Expense
- $4,200
- W/S/G Expenses
- $12,840
- Total Expenses
- $28,122
- Net Operating Income
- $42,738
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 is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.