Property Details
2011 Madison Street
Everett, WA 98203
$998,000
Pending
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Property Overview
Dynamic mixed-use asset in Everett’s revitalizing urban core. Interurban Corner spans a 26,572 SF corner lot with alley access, 20+ parking spaces, and a 7,629 SF structure leased to stable local tenants—3 storefronts, 3 apartments, and 3 flex spaces. Current gross rent over $64K; pro forma $144K+ with light upgrades. Just 26.3% lot coverage—NB zoning + Opportunity Zone offer phased development potential. Steps from the Interurban Trail, future light rail, and new stadium district. A walkable, well-connected location with built-in income and big upside.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Snohomish
Neighborhood
Everett
Listed
Sep 11, 2025
Structure Type
Multi Family
Parcel Number
00544700501300
Tax & HOA
Annual Property Tax
$9,747 (2025)
Est. Monthly Tax
$812/mo
Financial Summary
Cap Rate
4.00%
Net Operating Income
$40,359
Gross Scheduled Income
$64,200
Gross Rent Multiplier
18.00
Total Expenses
$18,496
Vacancy Rate
5.0%
Building & Use
Leasable Area
7,638 sqft
Total Units
6
Zoning
Multi-Family,Residential,Retail,See Remarks
Possible Use
Multi-Family, Residential, Retail, See Remarks
Year Built
1947
Exterior & Lot
Lot Size
0.61 sqft
Year Built
1947
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Open Space, Paved, Sidewalk, Value In Land
Exterior Features
Brick, Wood
Community & Access
Directions
use maps
Location
City
Everett
County
Snohomish
Coordinates
47.93658, -122.20494
Additional Information
Tax Year
2025
Annual Taxes
$9,747
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.
