Downtown Homes with 55 - 5-9 Units Style

Downtown Homes with 55 - 5-9 Units Style

Welcome to Downtown Everett, a vibrant neighborhood that perfectly blends urban living with a touch of Pacific Northwest charm. Nestled in Snohomish County, this bustling area is a hub of activity, culture, and community spirit. With its rich history and stunning waterfront views, Downtown Everett is an ideal destination for those seeking a dynamic lifestyle.

The neighborhood boasts a diverse array of homes, including the charming 55-59 unit style residences that offer a perfect balance of comfort and convenience. These multi-family homes provide an excellent opportunity for both first-time buyers and seasoned investors, with spacious layouts and modern amenities that cater to the needs of today’s residents. Imagine enjoying your morning coffee on a sun-drenched balcony or hosting friends in a stylish, open-concept living space.

Downtown Everett is not just about beautiful homes; it’s also a thriving community with an array of local shops, restaurants, and entertainment options. Stroll along the picturesque waterfront, explore the eclectic boutiques, or indulge in delicious cuisine at one of the many eateries that line the streets. The area is also home to cultural gems like the Future of Flight Aviation Center and the historic Everett Theatre, ensuring there’s always something to see and do.

With excellent schools, parks, and easy access to public transportation, Downtown Everett is a fantastic place to call home. Whether you’re looking for a cozy apartment or a spacious condo, this neighborhood has something to offer everyone. Embrace the vibrant lifestyle of Downtown Everett and discover the perfect home for you!

Newest Downtown Homes with 55 - 5-9 Units Style

$1,195,000
2547568 MLS ⋅ ACTIVE Status
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.

2232 Hoyt Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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