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$1,195,000

For Sale

2 days ago

2232 Hoyt Ave, Everett, WA

House

MLS® 2547568

0 Bed

0 Bath

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4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $6,003
Days Active 2
Lot Size 0.14 Acres
Approx. Age 1905
MLS® Number 2547568

Property Address: 2232 Hoyt Ave, Everett, WA, 98201-2844

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250, 000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96, 360 annually with pro forma income of $103, 260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.
MLS® Number2547568
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1905
Basement
Driveway
Garage Spaces
HeatForced Air
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 29, 2026List Date
$1,195,000List Price
  • Commute

Commute

Starting Address
Destination Address
2232 Hoyt Ave, Everett, WA

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