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

2511 Melvin Ave, Everett, WA 98203

$1,117,000
Last sold 08/24/2017 for $642K
—
bed
—
bath
3,192
Sqft ($201/Sqft)

House not for sale

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About 2511 Melvin Ave

Property type House

Neighborhood

Year built 1989

HOA fee $0/month

Lot size 6,534 Sqft

Movoto estimate

Property description

Turnkey 4-plex in Pinehurst neighborhood of Everett. Minutes to I-5 and downtown Everett. All units are 2 Bedroom/1 Bath (approx 800 sq ft). Each unit is equipped with washer/dryer hookups, fireplace, individual storage space, covered parking and a deck/patio. All units are currently occupied and ready for your investment!

Listed by

Listing Agent - Tamara Lamore

Listing Office - KW Everett

Source: NWMLS

MLS#1121629 • last updated 1 year ago

Movoto checked NWMLS for data 19 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	1121629
SubType	Multi-Family
Type	Residential Income
SqFt	3192
Status	Sold
Lot Size (SqFt)	6534
Lot Size (Acres)	0.15
Property Tax	4317
Buying Office	Fresh Look Real Estate
Year Built	1989
Buying Office Phone	206-966-4404
Condition	Average

Interior
Interior Features	Wall To Wall Carpet

Exterior
Roof	Composition
# Open Parking Spaces	5
# Carport Spaces	4
# Parking Spaces	9
# Uncovered Spaces	5
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric

Location
County	Snohomish
Subdivision	Pinehurst
Area	740 - Everett/Mukilteo
High School District	Everett
APN	1131268
Zoning	Multi-Family

Multifamily Details
Net Operating Income	18830
Capitalization Rate	2.77
Expense: Insurance	954
Gross Scheduled Income	44700
Gross Adjusted Income	44700
Total Expenses	7671
Gross Rent Multiplier	15
Nwm_Totalmonthlyincome	3725

$1.11M

Range: $960K-$1.27M

Last 30 days

Rental est.: $1,444/month

• Gross rent multiplier: 37.1

Lower your payment with the loan terms that fit you.

Aug 2017
Public Records
Aug 24, 2017 Sold
$642,500
Aug 2017
MLS # 1121629
Aug 24, 2017 Sold
$642,500 (-5.5%)
May 11, 2017 Listed
$680,000 (+96.9%)
Jul 2012
Public Records
Jul 6, 2012 Sold
$345,280
Jul 2012
MLS # 269553
Jul 6, 2012 Sold
$345,000 (-5.5%)
Aug 29, 2011 Listed
$365,000

Year Property taxes Tax assessment
2025
$7,798 +7.5%

$907,200 +2.8%
2023
$7,257 +0.5%

$882,500 +11.99%
2022
$7,223 -7.8%

$788,000 +6.06%
2021
$7,836 -6.1%

$743,000
2020
$8,348 +18.7%

$743,000 +17.94%
2019
$7,034 +11.1%

$630,000
2018
$6,334 +46.5%

$630,000 +69.81%
2015
$4,324

$371,000

2511 Melvin Ave
$642K
Pinehurst-Beverly Park
$574K +1% y/y
98203
$575K -11% y/y
Everett
$525K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
2429 Melvin Ave, Everett, WA 98203	$515,000	2/2	962	0.02
2510 Lexington Ave, Everett, WA 98203	$619,000	3/2	2,004	0.03
6433 Broadway, Everett, WA 98203	$427,000	2/1	732	0.04
6429 Broadway, Everett, WA 98203	$564,000	4/2	1,804	0.04
2514 Melvin Ave, Everett, WA 98203	$732,000	4/2	1,824	0.04
2426 Melvin Ave, Everett, WA 98203	$447,000	1/1	720	0.04
2504 Lexington Ave, Everett, WA 98203	$456,000	2/1	896	0.04
2511 Lexington Ave, Everett, WA 98203	$403,000	2/1	704	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.