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Sold on 03/20/2024

1201 Pacific Ave, Everett, WA 98201

  • $2,116,000

    Last sold 03/20/2024 for $2.39M

  • —

    bed

  • —

    bath

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About 1201 Pacific Ave

Property type House
Neighborhood
Year built 1922
HOA fee $0/month
Lot size 0.33 Acre
Movoto estimate
Property description
Elevate your real estate portfolio with The Norton Apartments, a historic landmark nestled atop Marine View Drive and Pacific Avenue in Everett, WA. With sweeping mountain and sound views, plus promising value-add opportunities and future redevelopment potential, this property is a timeless investment choice. The Norton Apartments have graced the Everett skyline since the turn of the century, offering unparalleled views of downtown Everett, the waterfront, and being just a block away from Providence Hospital. This prime location is a testament to its enduring appeal.
Listed by
Listing Agent - Corey Crain
Listing Office - Keller Williams Realty Bothell
Source: NWMLS mls logo
MLS#2166055 • last updated 1 year ago
Movoto checked NWMLS for data 21 minutes ago
Overview
Cooling/AC Wall Unit(s)
Heating Baseboard
Levels/Style Multi Family
MLS # 2166055
SubType Multi-Family
Type Residential Income
Status Sold
Lot Size (SqFt) 14375
Lot Size (Acres) 0.33
Property Tax 14633
Buying Office The Foundation Group LLC
Year Built 1922
Buying Office Phone 206-324-1900
Condition Good
Interior
Exterior
Foundation Poured Concrete
# Open Parking Spaces 11
# Covered Spaces 12
# Parking Spaces 23
# Uncovered Spaces 11
Amenities / Utilities
Sewer/ Septic Sewer Connected
Water Public
Power Production: Type Electric
HOA Amenities Coin Op Laundry, Storage
Location
County Snohomish
Subdivision Everett
Area 740 - Everett/Mukilteo
High School District Everett
APN 437572101200
Zoning Multi-Family
Multifamily Details
Net Operating Income 147420
Capitalization Rate 6.14
Expense: Insurance 7318
Expense: Electricity 2468
Gross Scheduled Income 245700
Expense: Other 51450
Gross Adjusted Income 238329
Total Expenses 90909
Gross Rent Multiplier 9
Nwm_Totalmonthlyincome 20475
Vacancy Rate 3
$2.11M
Range: $1.73M-$2.49M
Last 30 days 
Rental est.: $1,038/month
Gross rent multiplier: 192.6
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  • Mar 2024
    mls logo MLS # 2166055
  • Mar 20, 2024 Sold
    $2,399,000
  • Jan 3, 2024 Pending
    —
  • Oct 2, 2023 Listed
    $2,399,999
  • 1201 Pacific Ave
    $2.39M
  • Port Gardner
    $525K -21% y/y
  • 98201
    $524K -12% y/y
  • Everett
    $524K -14% y/y
No chart available
Statistics calculated by Movoto

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8/10
Whittier Elementary School
public Grades PK, K-5
Everett School District
5/10
North Middle School
public Grades 6-8
Everett School District
6/10
Everett High School
public Grades 9-12
Everett School District
Source: GreatSchools.org © 2026. All rights reserved.

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