Property Details
2912 Hewitt Avenue
Everett, WA 98201
$2,900,000
Active
Photo Not Available
Schedule a Showing
Select your date preference
Request More Info
1 / 0
Property Overview
Prominently located at the corner of Hewitt Avenue and Maple Street in the heart of Everett, this historic mixed-use property offers a unique blend of income stability and long-term redevelopment potential. Built between 1890 and 1910, the property spans three connected buildings totaling approximately 38,260 square feet across four tax lots with on-site parking and street visibility from two major thoroughfares.The ground floor features five fully leased retail spaces with stable tenants and great exposure along Hewitt Avenue. Upper levels include a mix of two apartments, thirty-six studio apartments with shared kitchens and baths, and a bunk room with a shared kitchen area. Current residential occupancy stands at roughly 80%, leaving room for value-add improvements or operational efficiencies.Zoned for up to six stories, the site presents excellent potential for future redevelopment or repositioning while maintaining income from existing tenants. Additional highlights include a small surface parking lot, street parking availability, and an on-site manager present Monday through Friday ensuring smooth daily operations.With easy access to Highway 2 and Interstate 5, and proximity to Everett’s growing downtown core, this property represents a rare opportunity for investors or developers seeking scale, location, and flexibility in one of Snohomish County’s most active commercial corridors.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Snohomish
Neighborhood
Everett
Listed
Jun 22, 2026
Parcel Number
00593669500500
Tax & HOA
Annual Property Tax
$29,728 (2025)
Est. Monthly Tax
$2,477/mo
Financial Summary
Cap Rate
5.00%
Net Operating Income
$146,350
Gross Scheduled Income
$340,966
Gross Rent Multiplier
8.50
Total Expenses
$194,116
Building & Use
Building Sq Ft
38,280
Zoning
Commercial
Possible Use
Commercial
Lot Size
21,279 sqft
Year Built
1896
Exterior & Lot
Lot Size
0.49 sqft
Year Built
1896
Sewer
Sewer Connected
Water Source
Public
Community & Access
Directions
Located at the corner of Hewitt and Maple
Location
City
Everett
County
Snohomish
Coordinates
47.97880, -122.19167
Additional Information
Tax Year
2025
Annual Taxes
$29,728
Possession
Array
