Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2542706MLS Provider

7611 Ridgewood DriveEverett, WA 98203

Multi-Family · 8 Beds · 3,108 Sq. ft. | 0.15 Acres
$1,150,000 Active

7611 Ridgewood Drive Overview

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Four-plex featuring four 2-bedroom units, offering a strong addition to any investment portfolio. This fully occupied property provides immediate rental income with the stability of established tenancy and assigned off-street parking for every unit. Two units feature private fenced yards, while the other two offer the convenience of walk-in closets, creating desirable amenities that help attract and retain tenants. Ideally situated in the popular Valley View area, this property combines a quiet residential setting with exceptional commuter convenience. Residents enjoy quick access to I-5, I-405, Boeing, Paine Field, and major employment centers throughout Everett, Lynnwood, and Bellevue, making it an attractive location for renters seeking an easy daily commute. The location is also close to everyday amenities, including shopping, dining, schools, parks, and recreation. Nearby attractions such as Everett Mall, Paine Field Airport, Mukilteo waterfront destinations, and numerous parks and trails add to the area's long-term rental appeal. Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a turnkey multifamily asset in a high-demand rental market, this Valley View fourplex offers a compelling combination of location, functionality, and income potential.

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7611 Ridgewood Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,108
  • Price/Sq.ft. $370
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Everett

Green Features

  • Green Energy Efficient: Thermal Windows

Income/Expenses

  • Other Expense: 4800
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 78612
  • Insurance Expense: 1926
  • Net Operating Income: 59211
  • Total Expenses: 19400.64
  • Total Monthly Income: 6551
  • Water/Sewer/Garbage: 4800

Building Information

  • New Construction: No
  • Year Built: 1990

Location/Region

  • Country: US
  • County Or Parish: Snohomish
  • MLS Area Major: 740 - Everett/Mukilteo
  • Subdivision Name: Valley View

Community/Development

  • Amenities: See Remarks,Thermal Windows

Tax Information

  • Tax Annual Amount: $7,874.64
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA
  • Parcel Number: 00603700000403
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3108
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3108
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Block
  • Heating: Yes
  • Leasable Area: 3134
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: RV Parking
  • Parking Total: 6
  • Parking Uncovered Total: 6

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Dead End Street, Paved
  • Lot Size Acres: 0.15
  • Lot Size Square Feet: 6534
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Patio, RV Parking
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 3 Details

  • Actual Rent: 1500
  • Beds Total: 2
  • Baths Total: 2

Unit 1 Details

  • Actual Rent: 1645
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1656
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1750
  • Beds Total: 2
  • Baths Total: 2

7611 Ridgewood Drive Neighborhood

Community

98203 (Everett) Demographics

39
Median Age
3,102
Population Density (per sq. mile)
38%
College Educated
$80,556
Estimated Median Income
8,764
Estimated Total Home Owners
5,080
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7611 Ridgewood Drive Monthly Cost

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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.

7611 Ridgewood Drive Market Data

Based on the last 30 days in this zip code

$716,694
Average List Price
$376
Average Price per Square Foot
24
Properties Sold
57
Average Days on Market
122
Properties for Sale
Calculations provided by Reliance Network

7611 Ridgewood Drive History

Date Event Value Agent
6/18/2026Source: NWMLS Added to Database
June 18, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021