2517 Howard Avenue in Everett, WA, offered by Compass Commercial | Keller Williams Commercial, is a well-positioned 22-unit multifamily property built in 1968. The asset features 21,470 net rentable square feet on a 27,878-square-foot lot and is priced at $4,450,000, equating to $202,273 per unit and $207.27 per square foot. The property is currently operating at a 5.02% cap rate, with a stabilized market cap rate projected at 5.71% and a gross rent multiplier (GRM) of 9.41. Current operations generate $373,788 in scheduled income and $223,359 in net operating income, while pro forma projections show annual scheduled income of $472,907 and a renovated yield on cost of 7.03%. Additional revenue from garages, storage, onsite laundry, and parking enhances operational stability, while recent capital improvements—most notably an eight-year-old roof—help reduce near-term expenses. With a unit mix primarily consisting of two-bedroom layouts averaging 980 square feet, the property appeals to a broad tenant base and supports competitive market rents, making it an attractive value-add opportunity with strong long-term growth potential.