Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

Welcome to Evergreen, a vibrant neighborhood nestled in the heart of Everett, Washington. Known for its lush greenery and friendly community atmosphere, Evergreen is a hidden gem within Snohomish County. This neighborhood offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and retirees alike.

Evergreen is characterized by its picturesque streets lined with mature trees, manicured lawns, and charming homes that reflect a variety of architectural styles. From cozy single-family residences to spacious multi-story buildings, the real estate options here are as diverse as the community itself. Notably, the area features homes with commercial buildings over 10,000 square feet, providing unique opportunities for those looking to blend residential living with business ventures.

Residents of Evergreen enjoy easy access to an array of amenities, including parks, schools, and shopping centers. The nearby parks, such as the popular Evergreen Park, offer playgrounds, walking trails, and picnic areas, perfect for family outings or leisurely strolls. The community is also well-connected to public transportation, making commuting to nearby Seattle or other parts of Washington a breeze.

With a strong sense of community, Evergreen hosts various events throughout the year, fostering connections among neighbors and creating a welcoming environment for newcomers. Whether you're seeking a peaceful retreat or a vibrant neighborhood to call home, Evergreen in Everett promises a lifestyle rich in both comfort and opportunity. Come explore all that this enchanting neighborhood has to offer!

Newest Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

$2,300,000

2475831 MLS ⋅ ACTIVE Status

PRICE ADJUSTMENT - EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,30,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30,000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.

6325 Evergreen Way, Everett

Listing courtesy of KW Everett.

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