Kent Farmer

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Listing provided courtesy of Real Estate 2000 Inc.NWMLSMLS# NWM2456005MLS Provider
  • 19 views

Discover an exceptional investment opportunity tucked away in Bothell's desirable Canyon Park area. This property spans 4.55 acres and features 17 well maintained units. 2024 Proforma Gross Income Is $362,651, Net Income $276,767 And Cap Rate Of 6.6% with significant upside through rent increases. The unit mix is consisting of 1 three-bedroom unit, 8 two-bedroom units, and 8 one-bedroom units. The property also offers 27 parking spaces, coin-op laundry, and sits across five separate lots. Recent renovations in eight units and deck updates completed 4-5 years ago. 10-year-old roof. Zero current vacancies and below-market rents. Don't miss this chance to own a great income-producing apartment property with meaningful upside!

Source: NWMLS, MLS#: NWM2456005

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  • Property Type
    Residential Income
  • Lot
    4.55 acres

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Kent Farmer

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  • Median Age
    35
  • Population Density
    4,568
  • College Educated
    61%
  • Estimated Median Income
    $118,544
  • Estimated Total Home Owners
    16,738
  • Estimated Total Renters
    8,017
  • Owner / Renter Divide
    68% / 32%
  • Estimated Average Household Size
    3
  • Total Population
    70,009
  • 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 303 Poppy Road

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
11/24/2025Source: NWMLS Status Change
Pending
11/18/2025Source: NWMLS Added to Database
November 18, 2025