2011 Madison Street, Everett, WA 98203
- $998,000
Listing courtesy of Windermere Real Estate Co..
- List Price
- $998,000
- Status
- PENDING
- MLS#
- 2434260
- Days on Market
- 228
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 9747
- Lot Size (sq ft)
- 26,572
- Sewer
- Sewer Connected
Property Description
Dynamic mixed-use asset in Everett’s revitalizing urban core. Interurban Corner spans a 26,572 SF corner lot with alley access, 20+ parking spaces, and a 7,629 SF structure leased to stable local tenants—3 storefronts, 3 apartments, and 3 flex spaces. Current gross rent over $64K; pro forma $144K+ with light upgrades. Just 26.3% lot coverage—NB zoning + Opportunity Zone offer phased development potential. Steps from the Interurban Trail, future light rail, and new stadium district. A walkable, well-connected location with built-in income and big upside.
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Additional Information
- List Date
- 2025-12-10 22:10:27
- Community
- Everett
- Net Operating Income
- $40,359
- Gross Adjusted Income
- $60,990
- Gross Scheduled Income
- $64,200
- Total Monthly Income
- $6,368
- Insurance Expenses
- $6,623
- Water/Sewer/Garbage Expenses
- $1,086
- Gross Rent Multiplier
- 18
- Total Expenses
- $18,496
- Cap Rate
- 4
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 2011
- Potential Terms
- Cash
- Year Built
- 1947
- View
- Territorial
- Roof
- Flat
- Site Features
- High Speed Internet
- Electric Expenses
- 1040
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $6,368
- Gross Scheduled Income
- $64,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $60,990
- Tax Year
- 2025
- Insurance Expense
- $6,623
- W/S/G Expenses
- $1,086
- Total Expenses
- $18,496
- Net Operating Income
- $40,359
- Gross Rent Multiplier
- 18
- Cap Rate
- 4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.