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Listing provided courtesy of Northmarq Multifamily LLCMLS# 690262MLS Provider
  • 469 days on site
  • 0 views

We are pleased to present The Armar in Marysville, WA. This 1968 vintage asset features 11 large, partially renovated townhome units averaging 1134 SF. There are 10, 2-bedroom 1.5-bathroom units and 1, 2-bedroom 1-bathroom unit. Unit interiors feature value add potential with laminated vinyl plank flooring, new lighting fixtures, and refaced cabinets. There is potential to increase the in-place NOI by capturing a 13% delta between current and market rents. Residents of The Armar are able to enjoy the calm suburban location while being within 1 mile of Marysville???s downtown and a short 4 mile commute away from Everett. The property also provides easy access to many outdoor activities in the Cascade Mountain Range to the east and the Puget Sound to the west. The Armar provides an excellen

Source: Seattle Commercial, MLS#: 690262

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  • Property Type
    Residential Income

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  • Median Age
    38
  • Population Density
    3,612
  • College Educated
    33%
  • Estimated Median Income
    $84,957
  • Estimated Total Home Owners
    13,114
  • Estimated Total Renters
    5,689
  • Owner / Renter Divide
    70% / 30%
  • Estimated Average Household Size
    3
  • Total Population
    52,307
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 6511 Armar Rd

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/18/2025Source: Seattle Commercial Added to Database
March 18, 2025