Sold

Listed by: Lee & Associates Commercial RE

Bought with: Kelly Right RE of Seattle LLC

$995,000

2601 Oakes Avenue, Everett, WA 98201

--beds

--baths

3,810sqft

Multi Family

Built in 1915

-- sqft lot

$1,017,000 Zestimate^®

$261/sqft

$1,575 Estimated rent

Home value

$1,017,000

$946,000 - $1.09M

$1,575/mo

Zestimate^® history

Owner options

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$1,575/mo

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$1,575/mo

Rent Zestimate^®

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$5,958/mo

Est. payment

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$5,958/mo

Est. payment

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What's special

*Email Brokers to schedule tour 10/6/2023 11AM-2PM* 2601 Oakes Ave offers residents a 95 walk score with ample access to downtown Everett and local commuting/transportation routes. The opportunity presents a projected 21%+ upside on base rents through further renovations equating to a $338/mo per unit lift. The potential to convert the corner building to a SFR house makes this a perfect owner-occupied investment, or live in one apartment and rent the remaining three. Additionally, the R-4 zoning designation could offer a future assemblage/redevelopment opportunity. With nearly $129,000 spent on CAP Ex in the last two years including electrical, the asset is in great condition and can be viewed as a light value-add or turnkey investment.

Facts & features

Interior

Heating

Radiant, Wall Unit(s), Electric

Cooling

None

Features

Flooring: Hardwood, Laminate, Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 3,810
Total interior livable area: 3,810 sqft

Property

Parking

Total spaces: 8
Parking features: Open
Covered spaces: 1
Uncovered spaces: 7

Features

Patio & porch: Hardwood, Wall to Wall Carpet, Laminate, Laminate Tile
Has view: Yes
View description: Territorial

Lot

Size: 6,098 sqft
Features: Corner Lot, Paved, Sidewalk, Deck, Fenced-Partially, Patio

Details

Parcel number: 00439160900100
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal/Vinyl, Wood Products
Roof: Composition

Condition

Good
Year built: 1915
Major remodel year: 1990

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & neighborhood

Location

Region: Everett
Subdivision: Everett

Other

Other facts

Listing terms: Conventional,FHA,Rehab Loan,See Remarks
Cumulative days on market: 863 days

Price history

Date	Event	Price
12/30/2023	Sold	$995,000$261/sqft
Source: NWMLS as distributed by MLS GRID #2161588 Report a problem
11/8/2023	Pending sale	$995,000$261/sqft
Source: NWMLS as distributed by MLS GRID #2161588 Report a problem
9/13/2023	Listed for sale	$995,000+180.3%$261/sqft
Source: NWMLS as distributed by MLS GRID #2161588 Report a problem
6/13/2003	Sold	$355,000$93/sqft
Source: NWMLS as distributed by MLS GRID #23035307 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,870 +58.8%	$902,800 +56.4%
2023	$4,956 +11%	$577,100 +6.2%
2022	$4,464 -2.5%	$543,600 +8.8%
2021	$4,576 -7.8%	$499,800
2020	$4,965 -1.8%	$499,800 +11%
2019	$5,056	$450,400 +9.7%
2018	--	$410,700 +7%
2017	$5,610 +29.9%	$384,000 +5.5%
2016	$4,319	$364,000 +4%
2015	$4,319 -2.3%	$350,000 +10.8%
2013	$4,419	$316,000
2011	--	--
2010	--	--