3116 18th Street, Everett, WA 98201
- $1,298,000
- 3,400
- SqFt
Listing courtesy of COMPASS.
- List Price
- $1,298,000
- Status
- ACTIVE
- MLS#
- 2529127
- Price Change
- ▼ $52,000 1783026109
- Days on Market
- 61
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,400
- Area Total SqFt
- 3400
- Annual Tax Ammount
- 7468
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Everett 4 Unit: 6.35% cap rate. One unit vacant, making this ideal for an owner-occupier to live in one unit while the remaining three cover the mortgage. Long-term tenants in place providing stability and reliable cash flow. All units are 2BD/1BA at 850 SF each (3,400 NRA) on a 6,098 SF lot. Infrastructure highlights include a 4-year-old roof, copper and ABS plumbing, and GE electrical panels, minimizing near-term cap-ex and providing peace of mind for the incoming investor. Units feature forced air heating, on-site laundry, and two units have back patios. 10 parking spaces (2.5/unit) adds convenience and tenant retention value. Upside available through strategic market rent adjustments as the surrounding Everett market continues to grow — making this an ideal core hold for any investor seeking steady income with long-term appreciation potential.
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Additional Information
- List Date
- 2026-05-26 13:58:11
- Community
- Everett
- Net Operating Income
- $82,641
- Gross Adjusted Income
- $99,545
- Gross Scheduled Income
- $112,128
- Total Monthly Income
- $8,717
- Insurance Expenses
- $2,188
- Water/Sewer/Garbage Expenses
- $7,248
- Gross Rent Multiplier
- 12.39
- Total Expenses
- $16,904
- Cap Rate
- 6.37
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 3116
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1979
- View
- Mountains
- Roof
- Composition
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $8,717
- Gross Scheduled Income
- $112,128
- Vacancy Rate
- 5
- Gross Adjusted Income
- $99,545
- Tax Year
- 2026
- Insurance Expense
- $2,188
- W/S/G Expenses
- $7,248
- Total Expenses
- $16,904
- Net Operating Income
- $82,641
- Gross Rent Multiplier
- 12.39
- Cap Rate
- 6.37
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.