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About the Listing 6779 - 101283
Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
2547568
Year Built
1905
Total Square Footage
3,070
Lot/Acreage
0.14
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Everett
Exterior Details
- Lot Description: Corner Lot,Sidewalk,Fenced-Partially,Outbuildings
- Garage Capacity: 2 car
- Parking Spaces: 4
- Roof: Composition,Flat
- Others: Wood,Good
- Sewer: City of Everett
Financial Details
- Tax Amount: $6,003
- Taxes w/Assessments: N/A
- Tax/Property ID: 00439148101702
- Tax Year: 2026
Payment Calculator
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Questions About..
2232 Hoyt Ave Everett, WA 98201
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