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2321 Colby Ave, Everett, WA 98201

$1,190,000
•
  • —

    bed

  • —

    bath

  • 4,350

    Sqft ($274/Sqft)

House coming soon

About 2321 Colby Ave

Property type House
Neighborhood
Year built 1910
HOA fee $0/month
Lot size 5,663 Sqft
Movoto estimate
Property description
Seller financing available, more information about rents, layout, and additional photos in supplements! Excellent opportunity to own a historic 7-unit investment property in the heart of Everett, directly across from Everett High School and within walking distance of the hospital. The property offers a desirable mix of long-term and medium-term rentals, providing flexibility and multiple income opportunities. The unit mix includes two spacious one-bedroom apartments of approximately 650 SF each, one additional large one-bedroom, and four studio-style apartments with varying layouts. One unit has been popular with traveling professionals, including nurses, and typically rents for approximately three-month stays. The four studios share three conveniently located bath/toilet facilities on the second and third floors. Additional features include a common laundry room with washer and dryer and shared utilities included in the monthly rents, including electricity, gas, heat, water, garbage, and Wi-Fi/internet. With seven rentable units, flexible rental options, a convenient central Everett location, and creative seller financing available, this property presents a unique opportunity for investors looking to add a distinctive multifamily asset to their portfolio.
Listed by
Listing Agent - Nikita Krivorak
Listing Office - Pellego, Inc.
Source: NWMLS mls logo
MLS#2586317 • last updated 2 weeks ago
Movoto checked NWMLS for data 11 minutes ago
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Overview
Cooling/AC None
Heating Radiant
Levels/Style Multi Family
MLS # 2586317
SubType Multi Family
Type Residential Income
SqFt 4350
Status First Look
Lot Size (SqFt) 5663
Lot Size (Acres) 0.13
Property Tax 8687.09
Year Built 1910
Condition Updated/Remodeled
Interior
Exterior
Foundation Poured Concrete
Roof Composition
Construction Wood
Exterior Features Wood Products
Amenities / Utilities
Sewer/ Septic Sewer Connected, Everett
Water Public
Water Company Everett
Power Company PUD
Power Production: Type Natural Gas
HOA Amenities Coin Op Laundry
Location
County Snohomish
Subdivision Downtown
Area 740 - Everett/Mukilteo
High School District Everett
APN 439149001100
Zoning Multi-Family
Directions Use Gps
Multifamily Details
Net Operating Income 39193
Capitalization Rate 3.29
Expense: Insurance 6515.34
Expense: Electricity 4419.63
Gross Scheduled Income 101580
Expense: Fuel 2094.27
Expense: Other 30425.63
Gross Adjusted Income 95866
Total Expenses 56673.32
Gross Rent Multiplier 11.71
Nwm_Totalmonthlyincome 8920
Lot/ Land Details
Site Features Cable TV
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Source: GreatSchools.org © 2026. All rights reserved.

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