2501 Colby Avenue Everett, WA 98201
2501 Colby Avenue
Everett, WA 98201
$5,000,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Everett
10+ Units
Cable TV
High Speed Internet
Exterior: Brick
Roof: Flat
Year Built: 1908
2025 Taxes: $33658.03
Buyer Broker Compensation: 1.5%
Listing #: 2394216
Lot Details
Lot Size: 0.32 acres
Alley
Corner Lot
Paved
Sidewalk
No. of Units: 2
Interior
Cooling: None
Heating: Radiator, Baseboard
Electric
Common Features
Coin Op Laundry
Storage
Call or Email:
Grace Wamwere
What's Near 2501 Colby Avenue Everett, WA 98201?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of COMPASS
