Snohomish County Multifamily Buyer
Sell Your Commercial Property In Snohomish County, WA
Snohomish County sits north of Seattle and is built around Everett, the Boeing widebody plant, and Naval Station Everett. Its rental stock mixes aging garden apartments along the Highway 99 and I-5 corridors with newer suburban communities in Marysville, Lynnwood, and Mill Creek.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Cities We Cover: Bothell · Edmonds · Lake Stevens · Lynnwood · Mountlake Terrace · Everett — County seat: Everett
Snohomish County
Where We Buy In Snohomish County
We evaluate apartment buildings of 5+ units across Snohomish County — in each city below, plus smaller towns and unincorporated areas countywide.
Local Market Data
Snohomish County Apartment Market
Figures gathered October 2026 from public market data.
If you plan to sell commercial property in Snohomish County, WA, start with the size of the renter base. Snohomish County holds 100,610 renter households, 31.8% of all occupied homes, per the Census Bureau's 2020-2024 American Community Survey. That share sits below the Washington figure of 36.2%, even as Everett and Lynnwood post renter shares above 48%. Mountlake Terrace and Bothell add two more cities where apartment living runs deep.
Apartment buildings carry a growing slice of that demand. Some 68,607 Snohomish County housing units, or 20.7% of the stock, sit in buildings with five or more units. Median gross rent reached $1,949, up 35.5% from the 2015-2019 survey, well above the $1,760 Washington median. Rental vacancy stands at 4.0%, tighter than the 4.5% statewide rate, so buyers price lease-up risk against thin supply. Rents and vacancy also shift from one Snohomish County city to the next.
A fast-growing county of 844,430
Snohomish County grew 5.7% to 844,430 residents between the 2015-2019 and 2020-2024 Census surveys, adding 45,622 people.Household income up 28.3%
Median household income in Snohomish County rose from $86,691 to $111,246 between the two ACS survey periods, outpacing much of the region.24,002 more residents employed
Employment in Snohomish County rose 5.9%, from 409,889 to 433,891 employed residents, per the 2020-2024 American Community Survey.Who rents in Snohomish County
Renters head 100,610 of the 316,212 occupied households in Snohomish County, a 31.8% share in the 2020-2024 ACS. Owners outnumber them by a wide margin, at 215,602 households. Across Washington, renters make up 36.2% of households, so Snohomish County skews more toward ownership than the state as a whole.
Everett carries the largest renter pool among covered cities, with a 51.0% renter share. Lynnwood follows close behind at 48.9%, and Mountlake Terrace reaches 43.1%. Bothell and Edmonds lean more toward owners, with renter shares near 29-35%. Lake Stevens and Marysville round out the comparison with smaller renter pools and lower apartment density.
Rents, growth and affordability
Snohomish County's median gross rent climbed 35.5%, from $1,438 to $1,949, between the 2015-2019 and 2020-2024 surveys. Population grew far more slowly over the same span, up 5.7% to 844,430 residents, an increase of 45,622 people. Renter households rose only 4.1%, adding 3,923 households.
Income kept pace with rent. Median household income in Snohomish County rose 28.3%, from $86,691 to $111,246, nearly matching the rent increase. Units in 5+ unit buildings grew 10.5%, an increase of 6,500 units, which helps explain a 4.0% rental vacancy rate, below the 4.5% Washington rate in the same survey.
Rent burden is still heavy. In the 2020-2024 ACS, 53.7% of Snohomish County renters paid 30% or more of income on gross rent. HUD's FY2027 two-bedroom Fair Market Rent for the Seattle-Bellevue, WA area is $2,549, effective October 1, 2026, a figure shaped by the wider metro. On price, Snohomish County runs above the state, with its $1,949 median gross rent topping the $1,760 Washington figure by about 10.7%.
City-by-city comparison
Everett anchors the apartment stock among covered cities, with 35.5% of its housing units in 5+ unit buildings. Lynnwood and Mountlake Terrace follow at 38.2% and 37.5%. Bothell and Edmonds also post double-digit shares, while Lake Stevens and Marysville lean toward single-family housing.
| City | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| Bothell | $2,346 | 34.5% | 28.6% | 6.4% |
| Edmonds | $1,903 | 29.1% | 28.8% | 4.8% |
| Lake Stevens | $2,224 | 24.4% | 3.8% | 1.6% |
| Lynnwood | $1,742 | 48.9% | 38.2% | 7.4% |
| Mountlake Terrace | $2,004 | 43.1% | 37.5% | 2.0% |
| Everett | $1,740 | 51.0% | 35.5% | 5.2% |
| Marysville | $1,997 | 30.6% | 11.0% | 3.0% |
Vacancy varies sharply across Snohomish County cities. Lake Stevens posts a tight 1.6% and Mountlake Terrace 2.0%, while Lynnwood reaches 7.4%. Rent ranges from $1,740 in Everett to $2,346 in Bothell.
Lynnwood pairs a 48.9% renter share with 38.2% of units in 5+ buildings, the densest mix in the table. Marysville runs 30.6% renters with just 11.0% of units in larger buildings, a more suburban profile within Snohomish County.
Property taxes and assessment in Snohomish County
Snohomish County apartment buildings are assessed by the county assessor based on market value; a specific countywide levy rate was not confirmed for this profile, so sellers should pull the parcel's current bill before pricing. Washington county assessors value real property at 100% of true and fair market value under RCW 84.40.030.
That valuation resets as the market moves, but the levy itself grows slowly. Washington law limits the annual growth of a taxing district's total regular property tax levy to 1% a year, excluding new construction, which keeps rate increases modest even as assessed values climb across Snohomish County.
A sale in Snohomish County can also trigger Washington's real estate excise tax, assessed on the sale price at graduated state rates plus a local component, with no exemption for commercial or multifamily property.
What this means if you sell in Snohomish County
When you sell commercial property in Snohomish County, WA, you sell into a renter base that trails the state average but concentrates heavily in Everett and Lynnwood. Renters hold 31.8% of households here, and 20.7% of units sit in 5+ unit buildings. The 4.0% rental vacancy rate is tighter than Washington's 4.5%, so buyers underwrite thin available supply against your current rent roll.
Rent control is now a statewide factor. Washington's 2025 rent stabilization law caps most annual increases at 7% plus CPI, or 10%, whichever is lower, so buyers in Snohomish County model future rent growth against that ceiling rather than a local ordinance.
As a multifamily buyer in Snohomish County, we review 5+ unit buildings from Everett to Bothell as they stand today. Send a current rent roll, a T-12 and the latest tax statement, and we will price the building on those numbers.
Local Knowledge
Selling Multifamily In Washington
What we factor into every Snohomish County offer:
More about Washington →- Pull the parcel's current tax bill; Snohomish County assessors value apartment buildings at full market value.
- Washington's 2025 law caps most rent increases at 7% plus CPI, or 10%, whichever is lower.
- Return security deposits within 21 days with an itemized statement, per Washington's statewide deposit law.
- Show trailing occupancy; Snohomish County's 4.0% rental vacancy runs tighter than the 4.5% Washington rate.
Property Tax
Property Tax In Snohomish County For Apartment Owners
Homeowners in Snohomish County pay a median of $5,364 a year in property tax on a median home value of $696,000, an effective rate of about 0.77%, according to the Census Bureau’s 2020-2024 American Community Survey. That is about the same as the Washington statewide average of 0.75%.
How property tax works in Washington: classes, assessment and appeals →Estimate a building’s tax bill with the property tax calculator →
- Those figures describe owner-occupied homes. An apartment building can be assessed on a different basis or in a different class, so its bill as a share of value may differ.
- A sale can reset the assessed value. Before you price a Snohomish County building, check how Washington reassesses property after a transfer and model the buyer’s new tax bill.
- Pull the actual tax bill from the Snohomish County assessor or tax collector. City, school and special-district levies stack on top of the county rate.
Seller Guides
Your Situation, Handled — Snohomish County
Learn More
Taxes & Rules For Snohomish County Property
The Washington rules that shape any deal in Snohomish County: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Our Buy Box
What We Buy In Snohomish County
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
Snohomish County Seller FAQ
What should I know about rent control before I sell commercial property in Snohomish County, WA?
Washington's 2025 rent stabilization law caps most annual rent increases at 7% plus CPI, or 10%, whichever is lower, on existing tenancies statewide. Cities cannot add their own rent-control ordinances under state preemption law. Buyers in Snohomish County model future rent growth against that statewide cap rather than a local rule.
How high is rental vacancy in Snohomish County?
Rental vacancy in Snohomish County was 4.0% in the Census Bureau's 2020-2024 American Community Survey, below the 4.5% statewide rate. Within the county's market, Lake Stevens sat at 1.6% while Lynnwood reached 7.4%. Buyers weigh a building's own occupancy history against those local rates.
How much have rents risen in Snohomish County?
Median gross rent in Snohomish County rose from $1,438 in the 2015-2019 survey to $1,949 in 2020-2024, a 35.5% gain. Median household income rose 28.3% over the same period. HUD's FY2027 two-bedroom Fair Market Rent for the Seattle-Bellevue area is $2,549.
What happens to property taxes when I sell an apartment building in Snohomish County?
Washington county assessors value real property at 100% of market value under RCW 84.40.030, so a sale can trigger a reassessment. The county's real estate excise tax also applies to the sale price, with no exemption for commercial or multifamily property.
How do I sell commercial property in Snohomish County, WA?
Send the address, unit count, and any financials. We review Snohomish County apartment buildings of 5+ units, give feedback typically within 48 hours, and follow with a written letter of intent if it fits.
Do you buy apartment buildings throughout Snohomish County?
Yes. We evaluate multifamily properties across Snohomish County, including Bothell, Edmonds, Lake Stevens, Lynnwood, Mountlake Terrace, Everett, and Marysville, as well as smaller towns and unincorporated areas. Every property is reviewed on its own fundamentals.
What size Snohomish County properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Will you buy a property that needs work or has high vacancy?
Yes. We underwrite value-add, mismanaged, and distressed properties as they are today — no repairs or lease-up required before selling.
Who buys occupied rental property in Snohomish County?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
Do I need a broker to sell my apartment building in Snohomish County?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
How do property taxes factor into a Snohomish County offer?
Property is assessed at the county level (the county seat is Everett), within Washington rules. Washington assesses property annually at market value, and the state’s graduated real estate excise tax applies at sale. We model both the post-sale property tax and transaction costs when we prepare an offer.
Submit A Deal
Have A Property In Snohomish County?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
