Lake Stevens 48

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2401 Lake Dr, Lake Stevens , WA 98258
Lake Stevens 48
Lake Stevens 48 presents the opportunity to acquire a 48-unit new construction apartment building in one of the fastest-growing counties and cities in the state. Snohomish County and Lake Stevens both ranked #2 for total year-over-year population growth in the Seattle metro, second only to Seattle.

Built in 2021, in a high barrier-to-entry market, Lake Stevens 48 is one of three apartment buildings built in the last 20 years in Lake Stevens. The property features large 1-bedroom units with a full appliance package, under-mount sinks, a full-sized washer/dryer in the unit, a private balcony/patio for every unit, and views of Lake Stevens from select units. The units have luxury vinyl plank flooring in the kitchen and living area, and carpet in the bedrooms.

The community features an elevator, a first-class fitness center, picnic areas, and in-demand EV chargers. The building is secured with an intercom entry and a video surveillance system in the parking lot that has 72 surface spaces, enough for 1.5 spaces per unit.

Located blocks from the Lake Stevens waterfront, and half a mile from SR 9 the property provides direct access to I5 and I405, providing direct access to employment hubs in Arlington, Everett, Bothell/Woodinville, and Seattle.

With a limited supply of apartments and improving demographics in a highly desirable area, the Lake Stevens 48 is primed for steady rent growth and will benefit from the overall growth in the Seattle metro, and the area’s high median income of $120,000+.
Matt Johnston
Broker (Multi Family)
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