Property Details
1907 37th Street
Everett, WA 98201
$1,099,000
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Property Overview
Great opportunity to own a purpose-built 4-plex in a convenient Everett location. This well-maintained property offers strong rental history with long-term tenants and additional upside through future value-add improvements. The building features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The 1-bedroom unit has been fully remodeled with quartz countertops, updated kitchen and bath, in-unit washer/dryer, and forced air heating/cooling, providing a great example of potential for the remaining units. Major system updates include newer windows throughout and a replaced roof, helping reduce immediate capital expenses. Each unit includes off-street parking, adding to tenant convenience and appeal. Ideally located near the I-5 corridor, bus lines, and Everett AquaSox Stadium, with easy access to local coffee shops, restaurants, and everyday amenities. A solid investment with a blend of stability and opportunity.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Memorial Stadium
Listed
Jun 2, 2026
Structure Type
Quadruplex
Parcel Number
00438188101500
Tax & HOA
Annual Property Tax
$8,700 (2025)
Est. Monthly Tax
$725/mo
Financial Summary
Cap Rate
5.60%
Net Operating Income
$61,164
Gross Scheduled Income
$6,300
Total Expenses
$14,436
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
4,080
Leasable Area
4,080 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,663 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.13 sqft
Year Built
1978
Exterior Materials
Stucco
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Stucco
Community & Access
Directions
Take Broadway exit off I-5 to 37th Street.4 plex almost across from Everett Memorial Stadium
Location
City
Everett
County
Snohomish
Coordinates
47.96892, -122.20357
Additional Information
Tax Year
2025
Annual Taxes
$8,700
Possession
Array
Based on information submitted to the MLS GRID as of June 2, 2026 4:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
