3217 Norton Avenue, Everett, WA 98201

About this property

Exceptional value-add opportunity in the heart of Everett! This well-maintained 4-plex in Everett's Norton Grand neighborhood offers an outstanding combination of location, recent capital improvements, and future upside. Ideally situated just minutes from Providence Everett Pacific Campus, Naval Station Everett, the Everett waterfront, downtown Everett, shopping, dining, and transit, the property is well-positioned to attract strong rental demand. The building features three 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, presenting an excellent opportunity for investors or owner-occupants to lease at current market rents. Significant recent improvements include a brand-new sewer line installed in October 2025 from beneath the building to the city connection and freshly painted exterior. Throughout ownership, several units have been tastefully updated with refreshed interior paint, renovated kitchens and bathrooms, and luxury vinyl plank flooring. Additional amenities include a shared laundry room with tenant storage, a four-car carport, and convenient alley access. Further upside exists through operational efficiencies and thoughtful amenity enhancements. Financial information is based on pro forma rents and estimated expenses. Buyers should conduct their own due diligence regarding all projected financial information. Conveniently located within walking distance of downtown Everett, this is an exceptional investment opportunity with immediate and long-term potential!