USAWAEverettEvergreen6325 Evergreen Way
Listing image | Image 1

6325 Evergreen Way, Everett, WA

House

For Sale

Listed price in listed location currency (USD).
$2,300,000

0014

MLS® 2475831

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $11,541
Days Active 134
Lot Size 
Approx. Age 1968
MLS® Number 2475831

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

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

Description

PRICE ADJUSTMENT - EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2, 30, 000 ($2, 090, 000 main building + $210, 000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2, 090, 000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310, 000 for a 3, 000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30, 000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.
MLS® Number2475831
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1968
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 4, 2026List Date
$210,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 10, 2026List Date
$2,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
6325 Evergreen Way, Everett, WA

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