1703 Oakes, Everett, WA 98201

$499,000
3
BD
2
BA
2,304
SqFt

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Listing courtesy of Keller Williams Realty Bothell.

List Price
$499,000
Status
ACTIVE
MLS#
2578850
Days on Market
1
Bedrooms
3
Finished SqFt
2,304
Area Total SqFt
2304
Annual Tax Ammount
2025
Lot Size (sq ft)
3,920
Sewer
Sewer Connected

Property Description

Rare UR4 corner development site in Northwest Everett with a vacant duplex in place and fourplex permitting already underway. The 1920 building is separately metered with one unit up and one down, plus a large unfinished basement with a street level garage door for storage, shop space, or future living area, remodel and rent while you plan, or move straight to development. The seller has already done the heavy lifting with the City and holds permits for a four unit new construction project. The plans need only minor architect revisions to wrap up, so a buyer can pick up where the work leaves off instead of starting from zero. UR4 opens up more than a fourplex. The code allows residential development up to four floors and 45 feet, with no general maximum unit density since the property sits outside the historic overlay. Units under 1,200 gross square feet are exempt from off street parking, there is no stated maximum building coverage, and setbacks are favorable with no front setback and generally five feet at the street side, interior side, and rear. A four story, parking free project of roughly 8 to 12 compact units is a strong concept to explore, subject to buyer feasibility and City approval. City water and sewer, all day transit within a half mile, and two parks within a half mile that may allow amenity space through balconies, rooftop area, or payment in lieu. Outside all mapped flood, wetland, shoreline, historic, airport, and smelter cleanup overlays.

Additional Information

Community
Everett
Style
18 - 2 Stories w/Bsmnt
Basement
Unfinished
Year Built
1920
Total Covered Parking
2
Roof
Composition
Tax Year
2025
School District
Everett
Potential Terms
Cash, Conventional, FHA, Rehab Loan
Driving Directions
from I-5 head west to broadway, turn north until 17th, turn west on 17th
Energy Source
Electric, Propane
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