524-602 Terrace St, Monroe, WA for Sale
Apartments - FOR SALE
1/10
null | Request Cap Rate

524-602 Terrace St
Monroe, WA 98272


HIGHLIGHTS

  • Fully Renovated in 2023–2024: Turnkey 18-unit property with ±$1.3M in upgrades—modern interiors, updated systems, and zero deferred maintenance
  • Desirable Unit Mix: Large 2- and 3-bedroom units (±870–1,270 SF), all with in-unit W/D, AC, and high-end finishes
  • Garage Parking for Every Unit: Plus surface parking and private storage lockers.
  • Parkside Setting: Backing up to green space with potential for added outdoor amenities (BBQ, dog run, etc.).

OVERVIEW

Fully renovated, high-quality multifamily asset available for sale in Monroe, WA. Two buildings, 18 units total, located in a high-demand commuter submarket. Zero deferred maintenance and immediate cash flow.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

MR6000, Monroe

APN/PARCEL ID

004846-005-002-00,004846-005-003-00

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.