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Sold on 06/18/2021

2501 Oakes, Everett, WA 98201

  • $1,325,000

    Last sold 06/18/2021 after 52 Days

  • —

    bed

  • —

    bath

  • 5,020

    Sqft ($264/Sqft)

House not for sale
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About 2501 Oakes

Property type House
Neighborhood
Year built 1915
HOA fee $0/month
Lot size 6,098 Sqft
Property description
(3) Duplexes and (1) Single Family home on one tax parcel. This (7) unit complex is offered at a current 6% CAP. Raising rents to market rate equals a 7.4% CAP in an great location with lots of development nearby. Zoned Urban Residential for up to 4 story building for future development potential. All (3) duplexes are 2bd/1ba on bottom floor and 1bd/1ba on top floor. The home is a 3bd/1ba w/W/D. Three duplexes share a coin operate W/D in basement of one of the buildings that has common access. Lots of updates have been done including sewer line work, unit renovations and lots of new windows. Addresses are 2501 Oakes, 2503 Oakes, 1906 25th St & 1910 25th St.
Listed by
Listing Agent - Grant Fosheim
Listing Office - Opal Blue Real Estate, LLC
Source: NWMLS mls logo
MLS#1765250 • last updated 1 year ago
Movoto checked NWMLS for data 16 minutes ago
Overview
Levels/Style Multi Family
MLS # 1765250
SubType Multi-Family
Type Residential Income
SqFt 5020
Status Sold
Lot Size (SqFt) 6098
Lot Size (Acres) 0.14
Property Tax 8254
Buying Office Berkshire Hathaway HS NW
Year Built 1915
Buying Office Phone 206-932-4500
Condition Average
Interior
Exterior
Roof Composition
Exterior Features Metal/Vinyl
Amenities / Utilities
Sewer/ Septic Sewer Connected, City Of Everett
Water Public
Water Company City Of Everett
Power Company SnoPUD
Power Production: Type Electric, Natural Gas
Security Features FullyFenced
HOA Amenities Coin Op Laundry, Storage
Location
View Territorial
County Snohomish
Subdivision Historic N Everett
Area 740 - Everett/Mukilteo
Elementary School Whittier Elem
Middle School North Mid
High School District Everett
High School Everett High
APN 439156500100
Directions Use GPS To 2501 Oakes Ave.
Zoning Multi-Family
Multifamily Details
Net Operating Income 81050
Capitalization Rate 6
Expense: Insurance 2395
Gross Scheduled Income 105240
Expense: Fuel 492
Expense: Other 7997
Gross Adjusted Income 103135
Total Expenses 22085
Gross Rent Multiplier 13
Nwm_Totalmonthlyincome 8770
Vacancy Rate 2
Lot/ Land Details
Site Features Cable TV, Deck, Fenced-Partially, High Speed Internet
We are not permitted to show value estimates for this property.
Powered By Movoto
  • Jun 2021
    Public Records
  • Jun 22, 2021 Sold
    $1,325,000
  • Jun 2021
    mls logo MLS # 1765250
  • Jun 18, 2021 Sold
    $1,325,000 (-1.9%)
  • May 3, 2021 Pending
    —
  • Apr 27, 2021 Listed
    $1,350,000 (+77.6%)
  • Sep 2016
    Public Records
  • Sep 15, 2016 Sold
    $760,000 (+9.4%)
  • Apr 2015
    mls logo MLS # 669505
  • Apr 24, 2015 Listed
    —
  • Jan 3, 2015 Pending
    —
  • Sep 16, 2014 Price Change
    $695,000 (-4.1%)
  • Jul 17, 2014 Listed
    $725,000
  • 2501 Oakes
    $1.32M
  • Bayside
    $475K -17% y/y
  • 98201
    $525K -12% y/y
  • Everett
    $524K -14% y/y
No chart available
Statistics calculated by Movoto

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8/10
Whittier Elementary School
public Grades PK, K-5
Everett School District
5/10
North 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.

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