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Listed price in listed location currency (USD).
$2,400,000

000

MLS® 2479732

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $11,541
Days Active 11
Lot Size 0.27 acres
Approx. Age 1968
MLS® Number 2479732

Property Address: 6325 Evergreen Way, Everett, WA, 98203-4555

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

Description

FLAGSHIP EVERETT 2044 REDEVELOPMENT | MU-7 (2-STORY) | 5.44% CAP. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play, " delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents are currently significantly below market, providing a clear value-add opportunity to immediately increase NOI and yield while pursuing future development.Under utilized basement and storage rooms. THE ASSEMBLAGE ADVANTAGE: This 2-parcel footprint provides the critical depth and scale necessary for institutional-grade mid-rise construction. Unlock maximum unit yield and optimized parking configurations under new TOD mandates. Single-lot sites in this corridor cannot achieve this level of Floor Area Ratio (FAR) potential. EVERETT 2044 VISION: Positioned in the newly adopted MU-7 (Mixed Urban, 7-story) growth corridor. Located on a high-visibility arterial (30k+ VPD) steps from future Sound Transit Light Rail. Capitalize on Everett’s blueprint for density in a submarket primed for transformation. Sold as-is. Buyer to verify all development yield.
MLS® Number2479732
Laundry Level
Central VacNo
FireplaceNo
Acreage0.27
Exterior
GarageYes
Approx. Age1968
Basement
Driveway
Garage Spaces6
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 10, 2026List Date
$2,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
6325 Evergreen Way, Everett, WA

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