Property Details

3116 18th St

Everett, WA 98201

$1,350,000

Off Market

CBA# 713295 courtesy of CBA Listing firm: COMPASS

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Commercial

Property Type

3,400

Bldg Sq Ft

Units

1979

Year Built

Property Overview

Constructed in 1979, this four-unit multifamily property represents a core investment opportunity in Everett, WA, offered at $1,350,000. The asset provides investors with astabilized, income-producing property from day one, delivering an in-place capitalization rate of 6.89% based on a current Net Operating Income of $92,981. Situated on a 6,098 square foot lot, the building contains 3,400 net rentable square feet and generates immediate cash flow,while preserving the option to capture future upside through strategic market rent adjustments as the surrounding market continues to grow.The property features a highly efficient and uniform unit mix consisting entirely of 2-bedroom/1-bathroom floor plans, each measuring 850 square feet. This standardized layout appeals to a wide range of ren