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2011 Madison St, Everett, WA 98203

  • $998,000

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    bed

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    bath

House pending
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About 2011 Madison St

Property type House
Neighborhood
Year built 1947
HOA fee $0/month
Lot size 0.61 Acre
Movoto estimate
Property description
Dynamic mixed-use asset in Everett’s revitalizing urban core. Interurban Corner spans a 26,572 SF corner lot with alley access, 20+ parking spaces, and a 7,629 SF structure leased to stable local tenants—3 storefronts, 3 apartments, and 3 flex spaces. Current gross rent over $64K; pro forma $144K+ with light upgrades. Just 26.3% lot coverage—NB zoning + Opportunity Zone offer phased development potential. Steps from the Interurban Trail, future light rail, and new stadium district. A walkable, well-connected location with built-in income and big upside.
Listed by
Listing Agent - Edward Krigsman
Listing Office - Windermere Real Estate Co.
Source: NWMLS mls logo
MLS#2434260 • last updated 3 months ago
Movoto checked NWMLS for data 10 minutes ago
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Overview
Cooling/AC Wall Unit(s)
Heating Wall Furnace
Levels/Style Multi Family
MLS # 2434260
SubType Multi Family
Type Residential Income
Status Pending
Lot Size (SqFt) 26572
Lot Size (Acres) 0.61
Property Tax 9747
Year Built 1947
Interior
Exterior
Roof Flat
# Open Parking Spaces 20
# Uncovered Spaces 20
Amenities / Utilities
Sewer/ Septic Sewer Connected, Everett Public Works
Water Public
Water Company Everett Public Works
Power Company Snohomish PUD
Power Production: Type Electric
HOA Amenities See Remarks, Storage
Location
View Territorial
County Snohomish
Subdivision Everett
Area 740 - Everett/Mukilteo
High School District Everett
APN 544700501300
Directions Use Maps
Multifamily Details
Net Operating Income 40359
Capitalization Rate 4
Expense: Insurance 6623
Expense: Electricity 1040
Gross Scheduled Income 64200
Gross Adjusted Income 60990
Total Expenses 18496
Gross Rent Multiplier 18
Nwm_Totalmonthlyincome 6368
Vacancy Rate 5
Lot/ Land Details
Site Features High Speed Internet
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7/10
Lowell Elementary School
public Grades PK, K-5
Everett School District
5/10
Evergreen 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.

Around Pinehurst-Beverly Park

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48/100
Walk
75/100
Family
73/100
Dining
89/100
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  • Real Estate
  • WA
  • Snohomish County
  • Everett
  • 98203
  • Pinehurst-Beverly Park
  • 2011 Madison St

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