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About the Listing 6779 - 101283
Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
2547331
Year Built
1910
Total Square Footage
3,350
Lot/Acreage
0.14
Interior Details
- Bedrooms: 6
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Everett
Exterior Details
- Lot Description: Dead End Street,Sidewalk,Cable TV,Deck,Fenced-Partially,Patio,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood,Wood Products,Good
- Sewer: City of Everett
Financial Details
- Tax Amount: $7,348
- Taxes w/Assessments: N/A
- Tax/Property ID: 00437857100900
- Tax Year: 2026
Payment Calculator
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Questions About..
2519 Baker Ave Everett, WA 98201
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