2232 Hoyt Avenue, Everett, WA 98201
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: grant fosheim
Office: opal blue real estate, llc.
MLS#:2547568
Source:NWMLS
2232 Hoyt Avenue,Everett, WA 98201
$1,195,000
- - Beds
- - Baths
- 3,070 sq. ft.
- Multi-family
- Active
Price summary
- Price:$1,195,000
- Price per sq. ft.:$389.25
About this home
Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett....
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Home facts
- Year built:1905
- Subdivision & Development:Downtown
- Listing ID #:2547568
- Updated:August 22, 2026 at 11:16 AM
Rooms and interior
- Flooring:Vinyl Plank
- Living area:3,070 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition, Flat Roof
- Year built:1905
- Building area:3,070 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Corner, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Fenced-Partially
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,195,000
- Price per sq. ft.:$389.25
- Tax amount:$6,003 (2026)
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:2
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