Property Details

1030 Ttereve Dr

Everett, WA 98203

$5,995,000

Available

CBA# 697614 courtesy of CBA Listing firm: John L. Scott – Mukilteo

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Commercial

Property Type

30,468

Bldg Sq Ft

Units

6.00%

Cap Rate

1968

Year Built

Property Overview

Centrally located 33-unit multifamily asset in Everett with consistent performance and meaningful upside potential. Financials are based on 2025 proforma figures, with scheduled rent increases taking effect June 1st that will enhance income. Utility reimbursements were introduced in summer 2024; while they will positively impact income going forward, they may reduce net figures in a trailing 12-month underwriting due to partial-year implementation. Roughly one-third of the units have undergone full, functional renovations, leaving room for continued value-add improvements. This is a well-located property with a clear path to increased cash flow and long-term equity growth.