About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

1625 Chestnut St, Everett, WA 98201

$1,162,000

Last sold 05/20/2021 for $970K

—
bed
—
bath
3,424
Sqft ($283/Sqft)

House not for sale

About 1625 Chestnut St

Property type House

Neighborhood

Year built 1985

HOA fee $0/month

Lot size 6,098 Sqft

Movoto estimate

Property description

Instant cash flow opportunity! This 4-plex tucked away on a quiet street next to Jackson Park is a turnkey revenue machine. Built as a condo with double walls between units. Brand new roof completed in January 2021! Washer/Dryer in each unit. Lower units have enclosed yards (tenant maintained) while top units have large decks. Operating costs stay low as the owner pays garbage while the tenants pay all other utilities. 3 of 4 units have tenants in place thru end of 2021, while unit 4 is recently vacant with proforma rent at $1300+. Potential for rent increases with COVID restrictions to be lifted at end of March. The tenants love living here, and are unaware of sale.

Listed by

Listing Agent - Sterling Roe

Listing Office - COMPASS

Source: NWMLS

MLS#1744967 • last updated 2 years ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	1744967
SubType	Multi-Family
Type	Residential Income
SqFt	3424
Status	Sold
Lot Size (SqFt)	6098
Lot Size (Acres)	0.14
Property Tax	6152
Buying Office	Real Property Associates
Year Built	1985
Buying Office Phone	206-523-0300
Condition	Good

Interior

Exterior
Foundation	Block
Roof	See Remarks
# Open Parking Spaces	8
# Parking Spaces	8
# Uncovered Spaces	8
Exterior Features	Wood

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, Everett
Water	Public
Water Company	Everett
Power Company	SnoPUD
Power Production: Type	Electric
HOA Amenities	Thermal Windows

Location
County	Snohomish
Subdivision	Riverside
Area	740 - Everett/Mukilteo
Elementary School	Garfield Elem
Middle School	North Mid
High School District	Everett
High School	Everett High
APN	619732501201
Directions	I-5 North; Marine View Dr. Exit - Curve Left. Left At 1st Light. Left Onto Chestnut. 4-Plex On Left Next To Park: Grey And White. Park On The Street.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	48827
Capitalization Rate	4.4
Expense: Insurance	1638
Expense: Electricity	480
Gross Scheduled Income	58625
Expense: Other	848
Gross Adjusted Income	58625
Total Expenses	9797
Gross Rent Multiplier	18
Nwm_Totalmonthlyincome	4975
Vacancy Rate	25

$1.16M

Range: $917K-$1.4M

Last 30 days

Rental est.: $1,110/month

• Gross rent multiplier: 72.8

Lower your payment with the loan terms that fit you.

Dec 2024
Public Records
Dec 6, 2024 Sold
$1,280,000 (+32.0%)
May 2021
Public Records
May 21, 2021 Sold
$970,000
May 2021
MLS # 1744967
May 20, 2021 Sold
$970,000 (-7.6%)
Apr 14, 2021 Pending
—
Apr 5, 2021 Price Change
$1,050,000 (-4.5%)
Mar 19, 2021 Listed
$1,100,000 (+26.4%)
Jul 2018
Public Records
Jul 16, 2018 Sold
$870,000
Jul 2018
MLS # 1305133
Jul 16, 2018 Sold
$870,000 (-0.6%)
Jun 18, 2018 Price Change
$875,000 (-4.1%)
Jun 4, 2018 Listed
$912,300
May 2018
MLS # 1289868
May 18, 2018 Price Change
$912,300 (-11.8%)
May 11, 2018 Listed
$1,033,950 (+262.8%)
Aug 2014
Public Records
Aug 25, 2014 Sold
$285,000
Aug 2014
MLS # 411606
Aug 25, 2014 Sold
$285,000 (-5.0%)
Oct 4, 2012 Listed
$299,950 (-28.6%)
Mar 2008
Public Records
Mar 31, 2008 Sold
$420,000 (-1.2%)
Mar 2008
MLS # 27155583
Mar 31, 2008 Sold
$425,000 (-5.6%)
Aug 24, 2007 Listed
$450,000 (+46.1%)
Oct 2003
Public Records
Oct 22, 2003 Sold
$308,000

Year Property taxes Tax assessment
2025
$7,837 +5.0%

$890,240 -2.01%
2023
$7,460 +22.0%

$908,500 +36.0%
2022
$6,116 -0.4%

$668,000 +21.9%
2021
$6,139 -0.2%

$548,000
2020
$6,151 +14.9%

$548,000 +14.17%
2019
$5,354 -1.4%

$480,000
2018
$5,427 +27.9%

$480,000 +33.7%
2015
$4,245

$359,000

1625 Chestnut St
$970K
Delta
$540K +8% y/y
98201
$525K -15% y/y
Everett
$525K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1626 Chestnut St, Everett, WA 98201	$397,000	2/1	941	0.04
1614 Chestnut St, Everett, WA 98201	$543,000	4/1	1,528	0.05
1603 Chestnut St, Everett, WA 98201	$400,000	2/1	1,002	0.05
1601 Chestnut St, Everett, WA 98201	$351,000	2/1	780	0.05
1602 Chestnut St, Everett, WA 98201	$591,000	4/1	1,874	0.06
1625 Walnut St, Everett, WA 98201	$507,000	3/1	1,058	0.07
1619 Walnut St, Everett, WA 98201	$511,000	3/1	1,058	0.07
1631 Walnut St, Everett, WA 98201	$546,000	3/1	1,520	0.07

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.