30
See all 30 photos
Listed by COMPASS
$5,000,000
Est. payment /mo
2 Beds
2 Baths
15,081 SqFt
New
2501 Colby AVE Everett, WA 98201
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,081 sqft
Price per Sqft $331
Subdivision Everett
MLS Listing ID 2394216
Style 56 - 10+ Units
Bedrooms 2
Year Built 1908
Annual Tax Amount $33,658
Lot Size 0.320 Acres
Property Sub-Type Multi Family
Property Description
Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Brick
Amenities Available Cable TV, High Speed Internet
View Y/N No
Roof Type Flat
Building
Lot Description Alley, Corner Lot, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Everett
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.