38181 SE Northern Street, Snoqualmie, WA 98065 (MLS # 2564328)

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Listing provided courtesy of Northwest MLS; RE/MAX Equity Group PRICE $949,997 BEDS 7 BATHS 4 HOME SIZE 2,260 sqft LOT SIZE 5,750 sqft Request More Info Schedule a Showing

Exceptional investment opportunity! Ideally located in a highly desirable neighborhood within easy walking distance to restaurants, shopping, parks, and other everyday conveniences. This versatile property features a duplex-style home plus a beautifully finished garage conversion, offering a total of 7 bedrooms and 3 bathrooms. Each living space includes its own laundry hookups for added convenience. The upper-level unit was previously owner-occupied while the remaining rooms were rented individually. The owner later transitioned the property to maximize income by renting all bedrooms individually along with the garage conversion. According to the seller, the converted garage rented for $1,500 per month, while the individual bedrooms rented for approximately $1,000 per month, with the largest bedroom achieving a slightly higher rental amount. The seller reports the property generated approximately $7,500 per month using this rental strategy. This property also presents an outstanding opportunity for an owner-occupant to live in one living space while generating income from the others, as the previous owner did. Significant exterior updates include a new roof and new siding installed approximately one year ago, adding long-term value and reducing future maintenance concerns. Whether you're looking to expand your investment portfolio or offset your housing costs with rental income, this property offers exceptional flexibility and strong income-producing potential.