New ListingWell-managed, meticulously maintained 6-unit apartment building in Everett's Cascade View neighborhood - a truly turnkey investment with zero deferred maintenance, zero vacancies, and zero delinquencies. Five of the six units have been renovated (2021-2024) with new double-pane vinyl windows, LVP flooring, updated kitchens and baths, alongside a new roof (2023), fresh exterior paint/sealer, newer decks and updated common areas (2025) including new carpet, lighting, and hardware, leaving a new owner nothing to do but collect rent from day one. Unit mix of (4) 2bd/1ba and (2) 1bd/1ba units totaling 5,050+ SF, with a private storage locker for every unit. Eleven off-street parking spaces and on-site app-based laundry round out the amenities. 5.62% current cap / 6.06% market cap, with one remaining unrenovated unit offering modest rent-growth upside - a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.
| MLS # | 2583094 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 3 |
| Listing Provided By | Opal Blue Real Estate, LLC | Grant Fosheim |
| SQ Feet | 5,304 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Zoning | Multi-Family |
| Acreage | 0.22 |
| Property View | Yes |
| Property | 11202 |
|---|
| State | WA |
|---|---|
| County | Snohomish |
| City | Everett |
| Zip Code | 98208 |
| Area | 740 Everett | Mukilteo |
| Community Name | South Everett |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in South Everett) | |
Price: $1,450,000 low | high Med: $524,995 sqft: 5,304 low | high Med: 1,000 $ / sqft: $273 low | high Med: $525 On site: 3 low | high Med: 72 | |
| State | WA |
|---|---|
| County | Snohomish |
| City | Everett |
| Zip Code | 98208 |
| Area | 740 Everett | Mukilteo |
| Community Name | South Everett |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in South Everett) | |
Price: $1,450,000 low | high Med: $524,995 sqft: 5,304 low | high Med: 1,000 $ / sqft: $273 low | high Med: $525 On site: 3 low | high Med: 72 | |