Well-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… Read More 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. Read Less
Listing courtesy of Opal Blue Real Estate, LLC
Listing Snapshot
Cumulative Days On Market
19
Days on Website
19
Last Updated
Property Type
Multi Family
Square Ft.
6,200
Lot Size
0.17 Acres
Year Built
1965
Property Tax
$10,993
MLS Number
2583036
Additional Details
Building
Built in 1965, 2 stories, Construction Materials: Brick, Wood
Cooling
None
Expenses
Electric: $1,010, Insurance: $4,143, Other Expense: $27,664
Exterior Features
Brick, Wood
Floors
Laminate, Vinyl Plank, Carpet
Foundation
Poured Concrete
Garage
3 spaces
Heating
Baseboard
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $164,508, Net Operating Income: $111,108
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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