1. Washington
  2. Everett
  3. 2501 Colby Avenue
$5,000,000

2501 Colby Avenue, Everett, WA 98201

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1908
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This listing courtesy of Rachel Harwood, COMPASS

Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.

Listing Status:
Active
Listing Office:
COMPASS : 206-328-7200
Listing Agent:
Rachel Harwood : 206-328-7200
MLS ID:
2394216
  • Flooring: Vinyl PlankCarpet
  • A/C: None
  • Heating: BaseboardRadiator
  • Fireplace: Fireplaces: 0

This listing courtesy of Rachel Harwood, COMPASS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Garfield Elementary School

2215 Pine St, Everett, WA, 98201

Grades KG-5

0.81 miles away

N

North Middle School

2514 Rainier Ave, Everett, WA, 98201

Grades 6-8

0.41 miles away

E

Everett High School

2416 Colby Ave, Everett, WA, 98201

Grades 9-12

0.08 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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