Active · Residential Income

8806 3rd Avenue SE, Everett, WA 98208

Everett, WA 98208

$1,450,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Opal Blue Real Estate, LLC · MLS #2583094 · Active

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About this property

Well-managed, meticulously maintained 6-unit apartment building in Everett's Cascade View neighborhood — a truly turnkey investment with zero deferred maintenance, zero vacancies, and zero delinquencies. Five of the six units have been renovated (2021–2024) with new double-pane vinyl windows, LVP flooring, updated kitchens and baths, alongside a new roof (2023), fresh exterior paint/sealer, newer decks and updated common areas (2025) including new carpet, lighting, and hardware, leaving a new owner nothing to do but collect rent from day one. Unit mix of (4) 2bd/1ba and (2) 1bd/1ba units totaling 5,050+ SF, with a private storage locker for every unit. Eleven off-street parking spaces and on-site app-based laundry round out the amenities. 5.62% current cap / 6.06% market cap, with one remaining unrenovated unit offering modest rent-growth upside — a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.

Property details

Property type: Multi Family
Year built: 1968
Lot size: 9,583 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $11,202 (2026)
Parking spaces: 11
School district: Everett

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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