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Listing Firm: The Foundation Group LLC: Aaron Locke

Bought With: The Foundation Group LLC : Aaron Locke

SOLD On August 11, 2022
NWMLS # 1919033

$2,675,000

  • Sold Price
  • - Beds
  • - Baths
  • 11328 Sq.ft.

101 Alder Avenue , Snohomish, WA 98290

Listings with the three tree icon are courtesy of NWMLS

About This Property

Alder Apartments - 10 unit value-add opportunity with 6%+ market cap rate. First time on market since construction in 1988. Units are spacious with opportunity to modify the six 2B/1.25B to 2B/1.75B units (buyer to verify). Well maintained grounds, eleven secured storage units, 15 parking spaces (4 covered), and common laundry for the two units without in-unit W/D.

Buyer's Agent: Aaron Locke • The Foundation Group LLC

Listed by: Aaron Locke • The Foundation Group LLC

Aris360 Last Checked: Just Now (Aug 03, 2025 07:15 AM)

  • Source: NWMLS as Distributed by MLS Grid #1919033

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Alder
  • Zip/Postal Code: 98290
  • City: Snohomish

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Property Features

  • County
    • Snohomish
  • Community
    • 750 - East Snohomish County
  • MLS Area
    • 750 - East Snohomish County
  • Longitude
    • -122.088192
  • Latitude
    • 47.908892
  • Directions
    • Follow I-5 N and US-2 E to 88th St SE in Snohomish County. Take the 88th St SE exit from US-2 E, Take 92nd St SE, 2nd St and Lincoln Ave to Alder Ave in Snohomish

  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 3
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 15
  • Lot Description
    • Corner Lot,
  • Foundation
    • Slab,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Metal/Vinyl
    • Wood Products
  • Site Description
    • Deck
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 10890
  • Has View
    • Yes
  • Utilities
    • Sewer Connected,
    • Electric,
  • View Description
    • River,
    • Territorial,

  • High School District
    • Snohomish

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2022
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $13161
  • Year Built
    • 1988
  • Effective Year Built
    • 1988
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Aug 03 2025 . 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.

Aug 03, 2025 07:15 AM