About this property

Marysville development opportunity—two adjoining parcels totaling approximately 0.76 acres, with potential for 24 townhomes or a 44-unit apartment complex, subject to buyer verification and City approval. Offered together, 6928 51st Avenue NE and 6924 Armar Road NE present an opportunity for builders and developers to pursue a for-sale townhome community or a long-term multifamily investment. Evaluate both parcels under a coordinated site plan to optimize building placement, access, circulation, and parking. Two existing habitable homes may provide interim rental income during feasibility, design, and permitting, potentially helping offset carrying costs before redevelopment. Explore two development strategies: build and sell individual townhomes or develop apartments for rental income. Bring your architect, engineer, and construction team to assess site yield, entitlement requirements, construction costs, and projected returns. Potential unit counts are preliminary and do not represent approved plans or entitlements. Buyer to independently verify lot area, zoning, permitted uses, density, utilities and capacity, access, parking, setbacks, and all development requirements to their satisfaction.