1831 Wetmore Ave - Apartments FOR SALE


Everett, WA 98201- Northwest Everett
$1,795,000 USD
206-818-0378
1831 Wetmore Ave, Everett, WA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/7
null | 5.16% Cap Rate

1831 Wetmore Ave
Everett, WA 98201
Northwest Everett


HIGHLIGHTS

  • Located in the historic and desirable Northwest Everett neighborhood of Snohomish County
  • Features a mix of spacious one- and two-bedroom apartments, appealing to a variety of tenants
  • Each unit includes in-unit washers and dryers, adding convenience and value for residents
  • Offers secured garage parking with eight spaces, plus two additional onsite spots
  • This well-maintained property, constructed in 2002, is in exceptional condition and demands minimal immediate capital expenditures.
  • Value-add opportunities through unit upgrades: upside potential via cosmetic enhancements like new flooring, countertops, and appliances.

OVERVIEW

Located in the heart of Northwest Everett, 1831 Wetmore Avenue presents a rare opportunity to acquire a well-maintained multifamily property in one of Snohomish County’s most historic and desirable neighborhoods. Built in 2002, the property features a mix of spacious one- and two-bedroom apartments, each equipped with an in-unit washer and dryer. Residents enjoy proximity to local amenities, public transit, and central business districts, offering both convenience and long-term rental appeal. The property features eight secure parking spaces, plus two additional on-site parking spots. The property had a new roof put on in 2023. This asset represents a solid investment with strong rental performance and opportunities to add additional income through rent increases, parking, and storage.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

9

PRICE/UNIT

$199,444

CAP RATE

5.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B1

APN/PARCEL ID

004370-367-015-00

ASK ABOUT THIS PROPERTY

Ted WoodSperry Commercial Global Affiliates - CapstoneMore Info
206-818-0378

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Ted WoodSperry Commercial Global Affiliates - CapstoneMore Info
206-818-0378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.