Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.
Active
Listed by: Opal Blue Real Estate, LLC • Grant Fosheim
$1,150,000
2519 Baker Avenue, Everett, WA 98201
6beds
5baths
3,350sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$343/sqft
$-- HOA
What's special
New roofs
- 7 days |
- 223 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Grant Fosheim,
Opal Blue Real Estate, LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2547331
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Baseboard, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,350
- Total interior livable area: 3,350 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Uncovered spaces: 2
Features
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 6,098 Square Feet
- Features: Dead End Street, Sidewalk, Cable TV, Deck, Fenced-Partially, Patio
Details
- Parcel number: 00437857100900
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1910
Utilities & green energy
- Electric: Company: SnoPUD
- Sewer: Sewer Connected, Company: City of Everett
- Water: Public, Company: City of Everett
Community & HOA
Community
- Subdivision: Riverside
Location
- Region: Everett
Financial & listing details
- Price per square foot: $343/sqft
- Tax assessed value: $830,500
- Annual tax amount: $7,348
- Date on market: 6/28/2026
- Cumulative days on market: 9 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$3,433/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Listed for sale | $1,150,000+259.4%$343/sqft |
Source:  NWMLS as distributed by MLS GRID #2547331 Report a problem | ||
| 12/3/2015 | Listing removed | $895 |
Source: Full Service Property Management, PLLC Report a problem | ||
| 11/13/2015 | Listed for rent | $895 |
Source: Full Service Property Management, PLLC Report a problem | ||
| 2/25/2015 | Sold | $320,000+12.3%$96/sqft |
Source: NWMLS as distributed by MLS GRID #679365 Report a problem | ||
| 9/30/2003 | Sold | $285,000+10.7%$85/sqft |
Source: NWMLS as distributed by MLS GRID #23080963 Report a problem | ||
| 7/20/2001 | Sold | $257,500+25%$77/sqft |
Source: Public Record Report a problem | ||
| 4/8/1998 | Sold | $206,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,240 +2.6% | $830,500 +1% |
| 2023 | $7,060 +42.8% | $822,035 +36.6% |
| 2022 | $4,943 +5.9% | $602,000 +18% |
| 2021 | $4,669 -4.1% | $510,000 +4.1% |
| 2020 | $4,868 -5.7% | $490,000 +6.5% |
| 2019 | $5,164 | $460,000 +12.2% |
| 2018 | -- | $410,000 +28.1% |
| 2017 | $4,381 +140.7% | $320,000 +3.2% |
| 2016 | $1,820 | $310,000 +5.1% |
| 2015 | $1,820 -47.9% | $295,000 +18% |
| 2013 | $3,496 | $250,000 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Riverside
Nearby schools
GreatSchools rating
- 7/10Garfield Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10North Middle SchoolGrades: 6-8Distance: 0.2 mi
- 7/10Everett High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- Snohomish County
- Everett
- 98201
- Riverside
- 2519 Baker Avenue
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Everett Topics
