About this property

Well-managed, well maintained 8-unit apartment building in Everett's highly desirable Bayside neighborhood, steps from the Port of Everett's ongoing waterfront redevelopment and minutes to Downtown Everett. Recent capital improvements include all-new hot water tanks, new garage doors, new exterior lighting, and restriped parking (2023–2026); 6 of 8 units renovated 2021–2026 with new double-pane vinyl windows, LVP flooring, fresh paint and other tasteful updates — leaving a new owner with minimal deferred maintenance and a building positioned for immediate, hands-off ownership. Unit mix of (4) 1bd/1ba and (4) 2bd/1ba units totaling 6,200 SF. 3-car secure garage plus 6 off-street stalls, on-site laundry, and private storage lockers for every unit. Minutes to Providence Regional Medical Center and I-5/SR-526, with strong access to Everett's growing employment base. 5.86% current cap / 6.47% market cap with approximately $14,280 in annual rent upside as units turn — a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.