429 1st Ave N
Algona, WA 98001
Listing Office
Office 
Pacific Residential Brokers
Pacific Residential Brokers
Active
$995,000
429 1st Ave N Algona, WA 98001
4-Plex
Property Type
3,008
Sq. Ft.
1981
Year Built
King
County
Well-Maintained Algona 4-Plex with Rental Upside Excellent investment opportunity in a convenient Algona location! This well-maintained 4-plex features four 2-bedroom, 1-bath units, each approximately 750 square feet, situated on a generous 12,700-square-foot lot with ample parking. Each unit includes a dishwasher and washer/dryer hookups. Conveniently located near Highway 167, shopping, dining, and area amenities. Current rents are below market, providing an opportunity to increase rental income and enhance investment returns.
MLS® #
2595521
Monthly HOA
N/A
On Site
Not Available
Last Updated
10/16/2026
Location
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Michael Ross
(206) 550-9635Property Details
Community Information
Architecture
Year Built
1981
Stories
2
Construction Materials
Wood
Possible Use
Multi-Family
Year Built Effective
1981
Building Style
4-Plex
Building Condition
Average
Roof
Composition
Foundation
Poured Concrete, Slab
Features / Amenities
Flooring
Ceramic Tile, Engineered Hardwood, Laminate, Carpet
Exterior Features
Wood Products
Security Features
Partially Fenced
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
Parking Total
6
Heating
Baseboard
Property Features
Lot Size
0.29 Acres
Lot Features
Sidewalk
Sq.Ft. Size
3008
Lot Sq.Ft. Size
12720
Sewer
Sewer Connected
Zoning
Multi-Family
Directions
WA 167 S towards Kent/Auburn to 15th St SW Exit to West Valley HWY S then left on 1st Ave N to property on the left.
Tax and Financial Info
Tax Year
2025
Tax Annual Amount
$7,720
Insurance Expense
$3,000
Net Income
$48,318
Listing Terms
Cash, Conventional
Total Monthly Income
$6,000
Net Operating Income
$48,318
Total Expenses
$21,520
Offers
Seller intends to review offers upon receipt
Possession
Subject To Tenant Rights
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Schools
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Schedule a Tour
ASAP
Sun
18
Oct
Mon
19
Oct
Tue
20
Oct
Wed
21
Oct
Thu
22
Oct
Fri
23
Oct
Sat
24
Oct
Scheduling is free, and you can cancel anytime.
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