2321 Colby Avenue, Everett, WA 98201
- $1,190,000
- 4,350
- SqFt
Listing Broker: Pellego, Inc.; Nikita Krivorak; 760-818-6914; nikita@cityhometeam.com
- List Price
- $1,190,000
- Status
- FIRST LOOK
- MLS#
- 2586317
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 4,350
- Area Total SqFt
- 4350
- Annual Tax Ammount
- 8687.09
- Lot Size (sq ft)
- 5,663
- Sewer
- Sewer Connected
Property Description
Seller financing available, more information about rents, layout, and additional photos in supplements! Excellent opportunity to own a historic 7-unit investment property in the heart of Everett, directly across from Everett High School and within walking distance of the hospital. The property offers a desirable mix of long-term and medium-term rentals, providing flexibility and multiple income opportunities. The unit mix includes two spacious one-bedroom apartments of approximately 650 SF each, one additional large one-bedroom, and four studio-style apartments with varying layouts. One unit has been popular with traveling professionals, including nurses, and typically rents for approximately three-month stays. The four studios share three conveniently located bath/toilet facilities on the second and third floors. Additional features include a common laundry room with washer and dryer and shared utilities included in the monthly rents, including electricity, gas, heat, water, garbage, and Wi-Fi/internet. With seven rentable units, flexible rental options, a convenient central Everett location, and creative seller financing available, this property presents a unique opportunity for investors looking to add a distinctive multifamily asset to their portfolio.
Additional Information
- List Date
- 2026-09-25 23:51:17
- Community
- Downtown
- Net Operating Income
- $39,193
- Gross Adjusted Income
- $95,866
- Gross Scheduled Income
- $101,580
- Total Monthly Income
- $8,920
- Insurance Expenses
- $6,515
- Water/Sewer/Garbage Expenses
- $4,531
- Gross Rent Multiplier
- 11.71
- Total Expenses
- $56,673
- Cap Rate
- 3.29
- Total Number of Units
- 7
- Unit Name
- 2321
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1910
- Roof
- Composition
- Site Features
- Cable TV
- Electric Expenses
- 4419
- Other Expenses
- 30425
- Energy Source
- Natural Gas
- School District
- Everett
- Total Monthly Income
- $8,920
- Gross Scheduled Income
- $101,580
- Gross Adjusted Income
- $95,866
- Tax Year
- 2025
- Insurance Expense
- $6,515
- W/S/G Expenses
- $4,531
- Total Expenses
- $56,673
- Net Operating Income
- $39,193
- Gross Rent Multiplier
- 11.71
- Cap Rate
- 3.29
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.