2210 2212 Colby Avenue, Everett, WA 98204

$1,590,000
4,752
SqFt

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Listing Broker: Kidder Mathews; Dan Swanson; 425-444-6501; dan.swanson@kidder.com

List Price
$1,590,000
Status
ACTIVE
MLS#
2591965
Days on Market
0
Style
55 - 5-9 Units
Finished SqFt
4,752
Area Total SqFt
4752
Annual Tax Ammount
9698
Lot Size (sq ft)
7,841
Sewer
Sewer Connected

Property Description

Very walkable North Everett location just blocks from downtown’s commercial core and approximately a mile from the Port of Everett’s recently upgraded Waterfront Place. Modern 1986 construction. Desirable unit features including full size washer/dryers, dishwashers, and breakfast bars. 12 off-alley parking spaces. Predictable City of Everett governance. Recent improvements include new roofs (2022), new hot water heaters (2023), updated electrical panels, updated siding and dual-pane vinyl windows, and plumbing upgrades in 6 units. Convenient access to parks, restaurants, and grocery options. Likely income upside potential, as current rents are below market.

Additional Information

List Date
2026-10-07 18:34:12
Community
North Everett
Net Operating Income
$70,746
Gross Adjusted Income
$106,200
Gross Scheduled Income
$106,200
Total Monthly Income
$8,850
Insurance Expenses
$4,113
Water/Sewer/Garbage Expenses
$9,667
Gross Rent Multiplier
15
Total Expenses
$35,453
Cap Rate
4.5
Total Number of Units
8
Unit Name
2210 2212
Potential Terms
Cash, Conventional
Year Built
1986
Roof
Composition
Other Expenses
11975
Energy Source
Electric
School District
Everett
Elementary School
Whittier Elem
Middle School
North Mid
High School
Everett High
Total Monthly Income
$8,850
Gross Scheduled Income
$106,200
Gross Adjusted Income
$106,200
Tax Year
2026
Insurance Expense
$4,113
W/S/G Expenses
$9,667
Total Expenses
$35,453
Net Operating Income
$70,746
Gross Rent Multiplier
15
Cap Rate
4.5
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.
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