2519 Baker Avenue, Everett, WA 98201
- $1,150,000
- 3,350
- SqFt
Listing courtesy of Opal Blue Real Estate, LLC.
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2547331
- Days on Market
- 27
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,350
- Area Total SqFt
- 3350
- Annual Tax Ammount
- 7348
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.
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Additional Information
- List Date
- 2026-06-29 18:58:11
- Community
- Riverside
- Net Operating Income
- $71,016
- Gross Adjusted Income
- $90,046
- Gross Scheduled Income
- $91,884
- Total Monthly Income
- $7,657
- Insurance Expenses
- $3,012
- Water/Sewer/Garbage Expenses
- $3,671
- Gross Rent Multiplier
- 12.8
- Total Expenses
- $19,031
- Cap Rate
- 6.2
- Vacancy Rate
- 2
- Total Number of Units
- 5
- Unit Name
- 2519
- Potential Terms
- Cash, Conventional
- Year Built
- 1910
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Patio
- Other Expenses
- 5000
- Energy Source
- Electric, Natural Gas
- School District
- Everett
- Total Monthly Income
- $7,657
- Gross Scheduled Income
- $91,884
- Vacancy Rate
- 2
- Gross Adjusted Income
- $90,046
- Tax Year
- 2026
- Insurance Expense
- $3,012
- W/S/G Expenses
- $3,671
- Total Expenses
- $19,031
- Net Operating Income
- $71,016
- Gross Rent Multiplier
- 12.8
- Cap Rate
- 6.2
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.