2614 Rucker Avenue, Everett, WA 98201
- $3,095,000
Listing courtesy of Northmarq Multifamily, LLC.
- List Price
- $3,095,000
- Status
- ACTIVE
- MLS#
- 2485482
- Days on Market
- 150
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Annual Tax Ammount
- 21128
- Lot Size (sq ft)
- 12,197
- Sewer
- Sewer Connected
Property Description
We are pleased to present Rucker Court, a turn-key, well-maintained multifamily investment opportunity located just north of downtown Everett. Built in 1957 and recently renovated, the property comprises 14 1BD units, each averaging 630SF with approximately half of the units having views of the Puget Sound. The property provides stable in-place income with additional upside through the potential to increase rents by up to 6% to reach market rates. Every unit has been fully renovated with high-end finishes, including LVP flooring, countertops, interior & exterior paint, and SS appliances. Approximately half of the units have received new cabinets. The roof was replaced in 2024 with a full tear off and new TPO membrane.
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Additional Information
- List Date
- 2026-02-27 02:13:11
- Community
- Everett
- Net Operating Income
- $195,986
- Gross Adjusted Income
- $241,429
- Gross Scheduled Income
- $254,136
- Total Monthly Income
- $24,615
- Insurance Expenses
- $9,305
- Water/Sewer/Garbage Expenses
- $16,800
- Gross Rent Multiplier
- 12.18
- Total Expenses
- $86,693
- Cap Rate
- 6.22
- Vacancy Rate
- 5
- Total Number of Units
- 14
- Unit Name
- 2614
- Potential Terms
- Cash, Conventional
- Year Built
- 1957
- View
- Mountain(s), Sound
- Roof
- Flat
- Site Features
- Cable TV
- Other Expenses
- 39460
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Whittier Elem
- Middle School
- North Mid
- High School
- Everett High
- Total Monthly Income
- $24,615
- Gross Scheduled Income
- $254,136
- Vacancy Rate
- 5
- Gross Adjusted Income
- $241,429
- Tax Year
- 2025
- Insurance Expense
- $9,305
- W/S/G Expenses
- $16,800
- Total Expenses
- $86,693
- Net Operating Income
- $195,986
- Gross Rent Multiplier
- 12.18
- Cap Rate
- 6.22
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.