MLS: #NWM2479732, Listed By: Aaron Byrne, KW Everett, Source:NWMLS - Northwest Multiple Listing Service
6325 Evergreen Way
Everett, WA 98203
0
Bed
0
Bath
11,895Sqft
0.27Acre(Lot)
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 $2,300,000 ($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-
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Built-UpRoofing Information
Built-Up -
Flooring Information
Construction Materials: Cement -
Heating & Cooling
Heating: See Remarks Has Heating: Yes Cooling: None WaterSource: Public
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Building Information
Year Built: 1968 -
Exterior Features
Cement/Concrete Construction Materials: Cement
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Lot Information
Lot Description: Paved, Sidewalk Lot Square Feet: 11761 Lot Acres: 0.27Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$2400000
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Tax Information
Annual Tax: $11541 Tax Year: 2025 Parcel Number: 00392900401200
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Parking Information
Total Parking: 14Garage Information
Garage Space: 6
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Utility Information
Sewer: Sewer Connected Water Source: Public -
Location Information
Subdivision: Evergreen City: Everett Direction: Evergreen Way to property. GPS works. Parking available at front side on Evergreen.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6411 Broadway, Everett, WA, 98203 | $1,700,000 | -- | -- | 5,536 | 5,536 SqFt |
| 6015 Dexter Avenue #A/B, Everett, WA, 98203 | $919,500 | -- | -- | 2,812 | 2,812 SqFt |
| 929 Pecks Drive, Everett, WA, 98203 | $465,000 | -- | -- | 2,008 | 2,008 SqFt |
Similar Multifamily To 6325 Evergreen Way
Nearby For Sale
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ByOwner last updated this listing 06/23/2026 @ 06:20
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