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

203 Dorn Ave, Everett, WA 98208

$1,657,000

Last sold 01/13/2023 for $1.66M

—
bed
—
bath
6,045
Sqft ($275/Sqft)

House not for sale

About 203 Dorn Ave

Property type House

Neighborhood

Year built 1999

HOA fee $0/month

Lot size 0.39 Acre

Movoto estimate

Property description

The 8-unit 203 Dorn Complex consists of a well-kept 7 unit, 3 story apartment building, built in 1999 with a single family home in the front, all on a single tax parcel. Current cap rate of 5.8 with proforma cap rate of 7.2! Fantastic location off Evergreen Way near the Boeing Freeway, minutes from Boeing and Paine Field Airport. Quick access to I-5, Highway 99, Everett Mall, and other shops and retail. The complex features ample parking, double pane vinyl windows throughout, well groomed landscaping and several recently updated units. Well managed building with strong rents as well as room for adding value. Buy as turnkey and cashflow or buy and renovate remaining units for more cashflow.

Listed by

Listing Agent - Grant Fosheim

Listing Office - Opal Blue Real Estate, LLC

Source: NWMLS

MLS#2015571 • last updated 2 years ago

Movoto checked NWMLS for data 16 minutes ago

Overview
Levels/Style	Multi Family
MLS #	2015571
SubType	Multi-Family
Type	Residential Income
SqFt	6045
Status	Sold
Lot Size (SqFt)	16988
Lot Size (Acres)	0.39
Property Tax	11526
Year Built	1999
Buying Office Phone	425-455-2065
Condition	Average

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	14
# Parking Spaces	14
# Uncovered Spaces	14
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Everett
Water	Public
Water Company	City Of Everett
Power Company	SnoPud
Power Production: Type	Electric
Security Features	FullyFenced
HOA Amenities	Coin Op Laundry

Location
View	Territorial
County	Snohomish
Subdivision	South Everett
Area	740 - Everett/Mukilteo
Elementary School	Buyer To Verify
Middle School	Buyer To Verify
High School District	Everett
High School	Buyer To Verify
APN	392500001400
Directions	GPS To 203 Dorn Ave
Zoning	Multi-Family

Multifamily Details
Net Operating Income	100774
Capitalization Rate	5.8
Expense: Insurance	1930
Expense: Electricity	561
Gross Scheduled Income	139728
Expense: Other	14802
Gross Adjusted Income	136933
Total Expenses	36161
Gross Rent Multiplier	12.5
Nwm_Totalmonthlyincome	11644
Vacancy Rate	2

Lot/ Land Details
Site Features	Fenced-Partially

$1.65M

Range: $1.17M-$2.13M

Last 30 days

Rental est.: $1,452/month

• Gross rent multiplier: 95.3

Lower your payment with the loan terms that fit you.

Jan 2023
Public Records
Jan 17, 2023 Sold
$1,660,000
Jan 2023
MLS # 2015571
Jan 13, 2023 Sold
$1,660,000 (-5.1%)
Nov 16, 2022 Pending
—
Nov 10, 2022 Listed
$1,750,000 (+155.5%)
Mar 2015
MLS # 608273
Mar 20, 2015 Sold
$685,000 (-5.5%)
Mar 2, 2015 Pending
—
Mar 21, 2014 Listed
$725,000 (-3.3%)
Mar 20, 2014 Listed
$750,000 (+7.2%)
Apr 2006
Public Records
Apr 17, 2006 Sold
$699,950
Apr 2006
MLS # 26025710
Apr 14, 2006 Sold
$699,950
Feb 22, 2006 Listed
$699,950

Year Property taxes Tax assessment
2025
$13,396 +24.5%

$1,515,400 +16.24%
2023
$10,756 -6.7%

$1,303,700 +3.63%
2022
$11,526 +12.8%

$1,258,000 +39.16%
2021
$10,215 +0.6%

$904,000
2020
$10,156 +33.5%

$904,000 +46.75%
2015
$7,606

$616,000

203 Dorn Ave
$1.66M
Cascade View
$349K -36% y/y
98208
$549K -1% y/y
Everett
$525K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
9217 1st Dr Se, Everett, WA 98208	$675,000	3/2	1,630	0.07
9213 1st Dr Se, Everett, WA 98208	$693,000	3/2	1,630	0.08
205 92nd Pl Se, Everett, WA 98208	$672,000	3/2	1,412	0.08
9212 1st Dr Se, Everett, WA 98208	$677,000	3/2	1,630	0.08
207 92nd Pl Se, Everett, WA 98208	$664,000	3/2	1,440	0.08
209 92nd Pl Se, Everett, WA 98208	$631,000	3/2	1,268	0.08
232 Dorn Ave, Everett, WA 98208	$545,000	3/1	982	0.08
9216 1st Dr Se, Everett, WA 98208	$679,000	3/2	1,630	0.08

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