2515 Oakes Ave, Everett, WA 98201
- $569,999
- 1,768
- SqFt
Listing courtesy of Kelly Right RE of Seattle LLC.
- List Price
- $569,999
- Status
- ACTIVE
- MLS#
- 2476036
- Days on Market
- 173
- Style
- 53 - Tri-plex
- Building Condition
- Fair
- Finished SqFt
- 1,768
- Area Total SqFt
- 1768
- Lot Size (sq ft)
- 4,356
- Sewer
- Sewer Connected
Property Description
Turn-key Investment Opportunity! Approved triplex has been utilized as a 5-plex, with the upper level divided into 3 studio units (they share a bathroom). All units have individual kitchens. Updated building & units with strong cash flow—currently grossing $5,210/mo ($65,680/year) and approx. 9.37 % cap rate. Unit 1 fully remodeled with modern interior; Unit 5 carpet replaced 2 years ago. New coin-op laundry and water heater. Unit 1, 4 left vacant for potential owner-occupancy/upgrade to drive up value—only unit available for showing. Great in-city location with easy access to Everett CC, hospitals, shops, cafes, and freeways. Loyal long-term tenants, rent below market.
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Additional Information
- List Date
- 2026-02-04 06:01:11
- Community
- Everett
- Net Operating Income
- $53,414
- Gross Adjusted Income
- $62,320
- Gross Scheduled Income
- $65,600
- Total Monthly Income
- $5,210
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $2,151
- Gross Rent Multiplier
- 8.7
- Total Expenses
- $8,906
- Cap Rate
- 9.37
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 2515
- Potential Terms
- Cash, Conventional
- Year Built
- 1904
- View
- City
- Roof
- Composition
- Electric Expenses
- 1300
- Other Expenses
- 2055
- Energy Source
- Electric, Natural Gas
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,210
- Gross Scheduled Income
- $65,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $62,320
- Tax Year
- 2024
- Insurance Expense
- $2,000
- W/S/G Expenses
- $2,151
- Total Expenses
- $8,906
- Net Operating Income
- $53,414
- Gross Rent Multiplier
- 8.7
- Cap Rate
- 9.37
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.