New ListingWell-managed, well maintained 8-unit apartment building in Everett's highly desirable Bayside neighborhood, steps from the Port of Everett's ongoing waterfront redevelopment and minutes to Downtown Everett. Recent capital improvements include all-new hot water tanks, new garage doors, new exterior lighting, and restriped parking (2023-2026); 6 of 8 units renovated 2021-2026 with new double-pane vinyl windows, LVP flooring, fresh paint and other tasteful updates - leaving a new owner with minimal deferred maintenance and a building positioned for immediate, hands-off ownership. Unit mix of (4) 1bd/1ba and (4) 2bd/1ba units totaling 6,200 SF. 3-car secure garage plus 6 off-street stalls, on-site laundry, and private storage lockers for every unit. Minutes to Providence Regional Medical Center and I-5/SR-526, with strong access to Everett's growing employment base. 5.86% current cap / 6.47% market cap with approximately $14,280 in annual rent upside as units turn - a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.
| MLS # | 2583036 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 3 |
| Listing Provided By | Opal Blue Real Estate, LLC | Grant Fosheim |
| SQ Feet | 6,200 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 8 |
| Zoning | Multi-Family |
| Acreage | 0.17 |
| Property View | Yes |
| Property | 10993 |
|---|
| State | WA |
|---|---|
| County | Snohomish |
| City | Everett |
| Zip Code | 98201 |
| Area | 740 Everett | Mukilteo |
| Community Name | Downtown |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Downtown) | |
Price: $1,895,000 low | high Med: $799,000 sqft: 6,200 low | high Med: 1,037 $ / sqft: $306 low | high Med: $770 On site: 3 low | high Med: 37 | |
| State | WA |
|---|---|
| County | Snohomish |
| City | Everett |
| Zip Code | 98201 |
| Area | 740 Everett | Mukilteo |
| Community Name | Downtown |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Downtown) | |
Price: $1,895,000 low | high Med: $799,000 sqft: 6,200 low | high Med: 1,037 $ / sqft: $306 low | high Med: $770 On site: 3 low | high Med: 37 | |