Northmarq is pleased to exclusively present Parkside Apartments, a 29-unit multifamily community located in Monroe, Washington.
Parkside offers a balanced mix of one-, two-, and three-bedroom floorplans, averaging 908 square feet. Each residence is equipped with in-unit washers and dryers, with many units upgraded to include stainless steel appliances, granite countertops, luxury vinyl plank flooring, and other modern finishes. The property is situated on a large 89,298-square-foot parcel, providing residents with a lower-density living environment and ample on-site parking.
Parkside Apartments has been well maintained and is currently achieving strong operating performance, with average rents of $2,007 and positive T12, T6, and T3 trends. This consistent operational trajectory underscores the property’s strong positioning within the Snohomish County rental market.
Strategically located near Highway 2, Parkside offers residents both lifestyle and convenience—providing easy access to year-round recreation in the Cascade Mountain Range, a 20-minute commute to Everett, and close proximity to major employment hubs in Bellevue and the broader Seattle metropolitan area.
Parkside Apartments represents an opportunity to acquire a stabilized, well-located, and updated multifamily community in one of the Puget Sound region’s most dynamic suburban submarkets.