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 $4,200,000, equating to $190,909 per unit and $195.62 per square foot. The property is currently operating at a 5.50% cap rate, with a stabilized market cap rate projected at 6.25% and a gross rent multiplier (GRM) of 10.99. Current operations generate $382,188 in scheduled income and $230,940 in net operating income, while pro forma projections show annual scheduled income of $483,071 and a renovated yield on cost of 7.63%. 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.