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About the Listing 7433 - 133918
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.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
2479732
Year Built
1968
Total Square Footage
11,895
Lot/Acreage
0.27
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Everett
Exterior Details
- Lot Description: Paved,Sidewalk,Zoning: Commercial
- Garage Capacity: 6 car
- Zoning: Commercial
- Roof: Built-Up
- Others: Cement/Concrete
- Sewer: City of Everett
Financial Details
- Tax Amount: $11,541
- Taxes w/Assessments: N/A
- Tax/Property ID: 00392900401200
- Tax Year: 2025
Payment Calculator
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Questions About..
6325 Evergreen Way Everett, WA 98203
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