Everett Homes with 55 - 5-9 Units Style

Welcome to Everett, Washington—a vibrant city nestled in the heart of Snohomish County, just north of Seattle. Known for its stunning waterfront views along Puget Sound and the majestic backdrop of the Cascade Mountains, Everett is a place where natural beauty meets urban convenience. With a rich history in shipbuilding and aerospace, the city has evolved into a hub for innovation and community spirit.

Everett boasts a diverse range of housing options, including charming homes with 5-9 units that perfectly cater to those seeking a blend of comfort and community. These multi-family residences provide an ideal living arrangement for families, young professionals, and investors alike. With well-designed layouts and ample amenities, these homes offer a unique opportunity to enjoy the benefits of shared living while maintaining a sense of privacy.

The neighborhoods in Everett are teeming with life, featuring beautiful parks, local shops, and a burgeoning arts scene. Residents can enjoy a leisurely stroll along the waterfront or partake in various outdoor activities, from hiking to sailing. The city is also known for its excellent schools and a strong sense of community, making it an ideal place to raise a family or settle down.

Whether you’re looking to invest in a multi-family property or find your next home, Everett’s charming neighborhoods and welcoming atmosphere make it a perfect choice. Explore the possibilities that await you in this enchanting city, where every corner is filled with potential and every street tells a story. Your dream home in Everett is waiting!

Newest Everett Homes with 55 - 5-9 Units Style

$1,150,000

2547331 MLS ⋅ ACTIVE Status

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.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

$1,195,000

2547568 MLS ⋅ ACTIVE Status

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.

2232 Hoyt Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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