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6325 Evergreen Way, Everett, WA 98203

Everett
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: aaron byrne
Office: kw everett
MLS#:2479732
Source:NWMLS
6325 Evergreen Way,Everett, WA 98203
$2,300,000
  • - Beds
  • - Baths
  • 11,895 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$193.36

About this home

PRICE ADJUSTMENT -EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,300,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking...

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Home facts

  • Year built:1968
  • Subdivision & Development:Evergreen
  • Listing ID #:2479732
  • Updated:July 31, 2026 at 02:43 PM

Rooms and interior

  • Living area:11,895 sq. ft.

Structure and exterior

  • Roof:Built Up
  • Year built:1968
  • Building area:11,895 sq. ft.
  • Lot area:0.27 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Cement/Concrete Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$193.36
  • Tax amount:$11,541 (2025)

Parking

  • Total parking spaces:14
  • Garage:Yes
  • Garage spaces:6
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 31, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Greg Lund

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