Property Details
1925 Lombard Avenue #A
Everett, WA 98201
$1,570,000
Active
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Property Overview
Exceptional investment opportunity in Everett! This unique multi-family property features three condo units, with two currently rented and producing immediate cash flow. Two newly constructed units built in 2024 offer modern design, open living spaces, 3 bedrooms, 2.5 baths, and attached 1-car garages, while the updated existing 3-bedroom, 1-bath home provides strong additional rental potential. Units B & C are currently leased at $2,695 each, with projected rent of $2,500 for Unit A, creating an attractive pro-forma cap rate near 5%. A rare chance to enjoy steady income now while holding the flexibility to sell units individually in the future to maximize long-term returns. Low-maintenance yards enhance ease of ownership, and the prime Everett location places you just minutes from downtown, shopping, dining, schools, transit, and I-5. This is a true turnkey investment combining modern construction, reliable rental demand, and built-in appreciation potential. Buyer to verify all to own satisfaction.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
North Everett
Listed
Oct 22, 2025
Original Price
$1,535,000
Structure Type
Triplex
New Construction
Yes
Parcel Number
01244100000100
Tax & HOA
Annual Property Tax
$13,504 (2025)
Est. Monthly Tax
$1,125/mo
Financial Summary
Cap Rate
4.90%
Net Operating Income
$78,176
Gross Scheduled Income
$94,680
Total Expenses
$16,504
Building & Use
Building Sq Ft
3,218
Leasable Area
3,238 sqft
Total Units
3
Lot Size
9,004 sqft
Year Built
2024
Exterior & Lot
Lot Size
0.21 sqft
Year Built
2024
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Curbs, Paved
Exterior Features
Wood Products
Community & Access
Directions
From I5 North take 41st Street to Broadway. Head North on Broadway Take Left on 20th Street. Take a Right on Lombard Ave.
Location
City
Everett
County
Snohomish
Coordinates
47.99144, -122.20230
Additional Information
New Construction
Yes
Tax Year
2025
Annual Taxes
$13,504
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
