All homes

$875,000

1601 131st Drive

Lake Stevens, WA 98258

Active
Territorial view

Beds

Baths

Sq Ft

Lot

0.26 ac

Year built

1998

Type

Residential Income

Days listed

31

MLS #

2563772

About this home

Rare Lake Stevens Duplex Investment Opportunity! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained duplex offers exceptional flexibility and value. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,400 square feet, oversized primary suites with walk-in closets, oak cabinetry, cozy gas fireplaces, and fully fenced private yards. Capital improvements provide peace of mind, including a new furnace and new water heaters, while gutter guards help minimize exterior maintenance. The right-side unit boasts an expansive backyard complete with a patio and sprinkler system—perfect for outdoor entertaining or relaxing. Ideally located within walking distance of Lake Stevens waterfront, the popular Farmers Market, and the charm of Historic Downtown Lake Stevens, this property offers an unbeatable combination of convenience, lifestyle, and strong rental appeal. A turnkey opportunity in a highly desirable location with excellent long-term investment potential.

Exterior features

Cement Planked

Schools

Elementary

Mt. Pilchuck Elem

Middle

North Lake Mid

High

Lake Stevens Snr Hig

Property details

Heating
Forced Air
Cooling
None
Flooring
Vinyl Plank, Carpet
View
Territorial
Lot
Cul-De-Sac
Water source
Public
Sewer
Sewer Connected

Costs

Annual taxes
$8,095 (2026)

Estimate your monthly payment

$5,099/mo

Principal & interest
$4,424
Property taxes
$675
Loan amount $700,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Lake Stevens, WA 98258

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Ballpark Realty— Amanda Weis.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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