Downtown Homes with 55 - 5-9 Units Style

Downtown Homes with 55 - 5-9 Units Style

Welcome to Downtown Everett, a vibrant neighborhood that perfectly blends urban convenience with a touch of small-town charm. Nestled in the heart of Snohomish County, this dynamic area is known for its rich history, diverse community, and a plethora of amenities that cater to a modern lifestyle.

Downtown Everett boasts a unique architectural landscape, characterized by homes with 5-9 units that provide an intimate living experience. These multi-family residences offer an ideal blend of comfort and community, perfect for those looking to foster connections with neighbors while enjoying the privacy of their own space. The homes are designed with modern finishes, spacious layouts, and inviting outdoor areas, making them perfect for families, young professionals, and anyone looking to embrace the vibrant downtown lifestyle.

Step outside your front door and immerse yourself in the lively atmosphere of Downtown Everett. The neighborhood is home to an array of trendy cafes, eclectic shops, and cultural attractions, including the renowned Imagine Children's Museum and the historic Everett Theatre. Enjoy leisurely strolls along the waterfront, where stunning views of Puget Sound and the Olympic Mountains await.

With easy access to public transportation and major highways, commuting to nearby cities like Seattle is a breeze. Whether you’re looking for a cozy home or a bustling community, Downtown Everett offers a unique blend of urban living and natural beauty, making it one of the most sought-after neighborhoods in Washington. Come discover your new home in this charming enclave where every day feels like an adventure!

Newest Downtown Homes with 55 - 5-9 Units Style

$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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