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

2503 Madison St, Everett, WA 98203

$1,185,000

Last sold 01/07/2021 for $715K

—
bed
—
bath
3,696
Sqft ($193/Sqft)

House not for sale

About 2503 Madison St

Property type House

Neighborhood

Year built 1977

HOA fee $0/month

Lot size 10,019 Sqft

Movoto estimate

Property description

Fantastic four-plex opportunity in excellent, easy to rent area! The property needs roof, paint, and some TLC inside. Looks like about $50,000 of work would turn this into an $800,000 building. Rents are proforma. 2 units just became vacant and the seller would like the new owner to be able to see units and select tenants so isn’t re-renting them. Zoning allows for 3 more units to be built on the property. Units are 2 bedrooms, 1.5 baths with in-unit laundry. Great location with easy access to park-in-ride, schools, shopping, I-5, and Boeing. Pre-inspection available on request.

Listed by

Listing Agent - Vince M. Grant

Listing Office - RE/MAX Northwest Realtors

Source: NWMLS

MLS#1693865 • last updated 2 years ago

Movoto checked NWMLS for data 10 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	1693865
SubType	Multi-Family
Type	Residential Income
SqFt	3696
Status	Sold
Lot Size (SqFt)	10019
Lot Size (Acres)	0.23
Property Tax	7933
Buying Office	Keller Williams Rlty Bellevue
Year Built	1977
Buying Office Phone	425-454-0911
Condition	Good

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	4
# Parking Spaces	4
# Uncovered Spaces	4
Exterior Features	Wood

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

Location
View	Territorial
County	Snohomish
Subdivision	Pinehurst
Area	740 - Everett/Mukilteo
Elementary School	Lowell Elem
Middle School	Evergreen Mid
High School District	Everett
High School	Cascade High
APN	544701300901

Multifamily Details
Net Operating Income	47320
Capitalization Rate	7.28
Expense: Insurance	619
Gross Scheduled Income	60000
Gross Adjusted Income	60000
Total Expenses	12680
Gross Rent Multiplier	11
Nwm_Totalmonthlyincome	5000

Lot/ Land Details
Site Features	Cable TV, Deck

$1.18M

Range: $1.03M-$1.33M

Last 30 days

Rental est.: $1,390/month

• Gross rent multiplier: 42.9

Lower your payment with the loan terms that fit you.

Aug 2025
Public Records
Aug 29, 2025 Sold
$1,250,000 (+74.8%)
Jan 2021
Public Records
Jan 7, 2021 Sold
$715,000
Jan 2021
MLS # 1693865
Jan 7, 2021 Sold
$715,000 (-10.6%)
Dec 1, 2020 Pending
—
Nov 30, 2020 Listed
$800,000

Year Property taxes Tax assessment
2025
$8,517 +23.6%

$975,900 +16.46%
2023
$6,891 +0.5%

$838,000 +12.03%
2022
$6,857 -7.8%

$748,000 +5.95%
2021
$7,439 -6.2%

$706,000
2020
$7,933 +18.8%

$706,000 +18.06%
2019
$6,677 +5.4%

$598,000
2018
$6,334 +36.7%

$598,000 +50.44%
2015
$4,632

$397,500

2503 Madison St
$715K
Pinehurst-Beverly Park
$549K -5% y/y
98203
$574K -14% y/y
Everett
$519K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
2505 Madison St, Everett, WA 98203	$588,000	5/2	1,040	0.01
2511 Madison St, Everett, WA 98203	$560,000	4/1	1,040	0.03
2504 Howard Ave, Everett, WA 98203	$765,000	6/3	2,213	0.04
6801 Broadway, Everett, WA 98203	$516,000	3/2	1,208	0.04
2510 Howard Ave, Everett, WA 98203	$757,000	6/3	2,162	0.04
2516 Howard Ave, Everett, WA 98203	$543,000	2/1	1,032	0.05
2443 Columbia Ave, Everett, WA 98203	$669,000	4/2	2,244	0.05
2425 Columbia Ave, Everett, WA 98203	$458,000	2/1	824	0.05

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