Property Details

2912 Hewitt Avenue
Everett, WA 98201
$2,900,000
MLS# 2543872 courtesy of NWMLS Listing firm: Windermere Real Estate/HLC

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2912 Hewitt Avenue , Everett, WA 98201, Everett

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Commercial
Property Type
38,280
Bldg Sq Ft
5.00%
Cap Rate
1896
Year Built

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
Listed By
Aaron W Zehm
Windermere Real Estate/HLC

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