Property Details
2515 Oakes Ave
Everett, WA 98201
$569,999
Active
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Property Overview
Turn-key Investment Opportunity! Approved triplex has been utilized as a 5-plex, with the upper level divided into 3 studio units (they share a bathroom). All units have individual kitchens. Updated building & units with strong cash flow—currently grossing $5,210/mo ($65,680/year) and approx. 9.37 % cap rate. Unit 1 fully remodeled with modern interior; Unit 5 carpet replaced 2 years ago. New coin-op laundry and water heater. Unit 1, 4 left vacant for potential owner-occupancy/upgrade to drive up value—only unit available for showing. Great in-city location with easy access to Everett CC, hospitals, shops, cafes, and freeways. Loyal long-term tenants, rent below market.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Everett
Listed
Feb 3, 2026
Financial Summary
Cap Rate
9.37%
Net Operating Income
$53,414
Gross Scheduled Income
$65,600
Gross Rent Multiplier
8.70
Total Expenses
$8,906
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
1,768
Leasable Area
1,768 sqft
Total Units
5
Lot Size
4,356 sqft
Year Built
1904
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1904
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood
Location
City
Everett
County
Snohomish
Coordinates
47.98392, -122.20389
Additional Information
Tax Year
2024
Possession
Array
Based on information submitted to the MLS GRID as of May 9, 2026 6:15 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.
