Property Details
3116 18th Street
Everett, WA 98201
$1,350,000
Active
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Property Overview
Everett 4 Unit: 6.89% cap rate. One unit vacant, making this ideal for an owner-occupier to live in one unit while the remaining three cover the mortgage. Long-term tenants in place providing stability and reliable cash flow. All units are 2BD/1BA at 850 SF each (3,400 NRA) on a 6,098 SF lot. Infrastructure highlights include a 4-year-old roof, copper and ABS plumbing, and GE electrical panels, minimizing near-term cap-ex and providing peace of mind for the incoming investor. Units feature forced air heating, on-site laundry, and two units have back patios. 10 parking spaces (2.5/unit) adds convenience and tenant retention value. Upside available through strategic market rent adjustments as the surrounding Everett market continues to grow — making this an ideal core hold for any investor seeking steady income with long-term appreciation potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Everett
Listed
May 26, 2026
Structure Type
Quadruplex
Parcel Number
00556340503100
Tax & HOA
Annual Property Tax
$7,468 (2026)
Est. Monthly Tax
$622/mo
Financial Summary
Cap Rate
6.89%
Net Operating Income
$92,981
Gross Scheduled Income
$112,128
Gross Rent Multiplier
12.04
Total Expenses
$16,904
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
3,400
Leasable Area
3,400 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
6,098 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1979
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot
Exterior Features
Wood Products
Community & Access
Directions
GPS
Location
City
Everett
County
Snohomish
Coordinates
47.99339, -122.18826
Additional Information
Tax Year
2026
Annual Taxes
$7,468
Possession
Array
Based on information submitted to the MLS GRID as of June 11, 2026 5:45 PM. 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.
