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Exterior
Other
Entry Way
Kitchen
Bath
Living
Bedroom

2222 Summit Ave, Everett, WA 98201

$794,000
Last sold 06/23/2025 for $910K
—
bed
—
bath
2,417
Sqft ($376/Sqft)

House not for sale

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About 2222 Summit Ave

Property type House

Neighborhood

Year built 1910

HOA fee $0/month

Lot size 4,356 Sqft

Movoto estimate

Property description

Incredible Multifamily Investment Opportunity – Prime Location with Premium Finishes & 0% Vacancy. This exceptional multifamily property presents a rare opportunity for investors and first time home buyers seeking a high-quality asset with significant rental income and value add potential. Set in one of Everett most prudent locations, pre-inspected with a perfect blend of top-of-the-line finishes, modern amenities and potential upside, this property promises an excellent cash flowing return on investment and long-term value appreciation.

Listed by

Listing Agent - Jake Robinett

Listing Office - John L. Scott Everett

Source: NWMLS

MLS#2345513 • last updated 1 year ago

Movoto checked NWMLS for data 18 minutes ago

Overview
Cooling/AC	Window Unit(s)
Heating	Wall Unit(s)
Levels/Style	Quadruplex
MLS #	2345513
SubType	Multi Family
Type	Residential Income
SqFt	2417
Status	Sold
Lot Size (SqFt)	4356
Lot Size (Acres)	0.1
Property Tax	5278.98
Year Built	1910
Buying Office Phone	425-510-6162
Condition	Very Good

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
Construction	Cement Plank
# Open Parking Spaces	4
# Parking Spaces	4
# Uncovered Spaces	4
Exterior Features	Cement Planked

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, City Of Everett
Water	Public
Water Company	City Of Everett
Power Company	Snohomish PUD
Power Production: Type	Electric
HOA Amenities	Basement, Thermal Windows

Location
View	Territorial
County	Snohomish
Subdivision	Everett
Area	740 - Everett/Mukilteo
Elementary School	Garfield Elem
Middle School	Buyer To Verify
High School District	Everett
High School	Everett High
APN	377346202300
Directions	North On I-5 To Marine View Drive Exit. Left On Summit Property On Right.

Multifamily Details
Net Operating Income	64656
Capitalization Rate	14.85
Expense: Insurance	1944
Expense: Electricity	300
Gross Scheduled Income	75480
Total Expenses	10822.98
Gross Rent Multiplier	12.7
Nwm_Totalmonthlyincome	7085

Lot/ Land Details
Site Features	High Speed Internet

$794K

Range: $651K-$936K

Last 30 days

Rental est.: $1,103/month

• Gross rent multiplier: 68.8

Lower your payment with the loan terms that fit you.

Jun 2025
Public Records
Jun 23, 2025 Sold
$910,000
Jun 2025
MLS # 2345513
Jun 23, 2025 Sold
$910,000 (-5.2%)
May 9, 2025 Pending
—
May 1, 2025 Price Change
$959,995
Mar 18, 2025 Listed
$960,000 (-26.2%)
Jan 2025
MLS # 2315189
Jan 8, 2025 Price Change
$1,299,999 (-3.7%)
Dec 6, 2024 Listed
$1,350,000 (+241.8%)
Jul 2020
MLS # 1590504
Jul 15, 2020 Sold
$395,000
May 13, 2020 Pending
—
Apr 16, 2020 Listed
$425,000
Apr 15, 2020 Listed
$425,000 (+39.4%)
May 2020
MLS # 1591095
May 13, 2020 Pending
—
May 1, 2020 Price Change
$395,000 (-7.1%)
Apr 17, 2020 Listed
$425,000
Apr 15, 2020 Listed
$425,000
Dec 2004
Public Records
Dec 10, 2004 Sold
$304,800 (+95.4%)
Aug 2002
Public Records
Aug 9, 2002 Sold
$156,000

2222 Summit Ave
$910K
Riverside
$504K -2% y/y
98201
$525K -12% y/y
Everett
$524K -14% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
2226 Summit Ave, Everett, WA 98201	$422,300	3/1	1,356	0.01
2218 Summit Ave, Everett, WA 98201	$71,700	1/1	504	0.01
2228 Summit Ave, Everett, WA 98201	$372,300	2/1	776	0.02
2214 Summit Ave, Everett, WA 98201	$474,800	3/2	1,670	0.02
2232 Summit Ave, Everett, WA 98201	$377,600	2/1	974	0.02
2210 Summit Ave, Everett, WA 98201	$418,400	3/1	1,422	0.03
3411 23rd St, Everett, WA 98201	$378,600	3/1	1,176	0.03
2206 Summit Ave, Everett, WA 98201	$507,400	3/1	1,692	0.03

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