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

2515 Melvin Ave, Everett, WA 98208

$1,105,000

Last sold 10/04/2012 for $336K

—
bed
—
bath
3,192
Sqft ($105/Sqft)

House not for sale

About 2515 Melvin Ave

Property type House

Neighborhood

Year built 1989

HOA fee $0/month

Lot size 6,534 Sqft

Movoto estimate

Property description

NEW LOWER PRICE! The Melvin Ave 4-plexes are well located in central Everett just minutes to downtown. Situated at the end of a dead end street, the two buildings possess multiple features that make for attractive investments including new composite roofs in 2007. The exterior of the properties also feature new exterior paint, covered carports, individual storage lockers and decks/patios for all units. Investors can expect a low maintenance turnkey property.

Listed by

Listing Agent - Steve Fischer

Listing Office - Westlake Associates, Inc.

Source: NWMLS

MLS#269559 • last updated 2 years ago

Movoto checked NWMLS for data 14 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	269559
SubType	Multi-Family
Type	Residential Income
SqFt	3192
Status	Sold
Lot Size (SqFt)	6534
Lot Size (Acres)	0.15
Property Tax	4529
Buying Office	Pacific Northwest Realty
Year Built	1989
Buying Office Phone	425-778-1390

Interior
Interior Features	Wall To Wall Carpet

Exterior
Roof	Composition
# Open Parking Spaces	1
# Carport Spaces	4
# Parking Spaces	5
# Uncovered Spaces	1
Exterior Features	Wood

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

Location
County	Snohomish
Subdivision	Pinehurst
Area	740 - Everett/Mukilteo
High School District	Everett
APN	544701500701

Multifamily Details
Net Operating Income	26197
Capitalization Rate	7
Expense: Insurance	722
Gross Scheduled Income	34980
Gross Adjusted Income	33931
Total Expenses	7734
Gross Rent Multiplier	11
Nwm_Totalmonthlyincome	2915
Vacancy Rate	3

$1.1M

Range: $961K-$1.24M

Last 30 days

Rental est.: $1,349/month

• Gross rent multiplier: 20.8

Lower your payment with the loan terms that fit you.

Jul 2020
Public Records
Jul 1, 2020 Sold
$750,000 (+123.0%)
Oct 2012
Public Records
Oct 4, 2012 Sold
$336,280
Oct 2012
MLS # 269559
Oct 4, 2012 Sold
$336,000 (-4.0%)
Aug 29, 2011 Listed
$349,950

Year Property taxes Tax assessment
2025
$7,764 +12.7%

$903,800 +7.85%
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 +46.5%

$598,000 +61.19%
2015
$4,324

$371,000

2515 Melvin Ave
$336K
Pinehurst-Beverly Park
$549K -5% y/y
98208
$550K +1% y/y
Everett
$519K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
2510 Lexington Ave, Everett, WA 98203	$628,000	3/2	2,004	0.03
2429 Melvin Ave, Everett, WA 98203	$494,000	2/2	962	0.03
2514 Melvin Ave, Everett, WA 98203	$736,000	4/2	1,824	0.04
2426 Melvin Ave, Everett, WA 98203	$454,000	1/1	720	0.05
6433 Broadway, Everett, WA 98203	$435,000	2/1	732	0.05
2504 Lexington Ave, Everett, WA 98203	$464,000	2/1	896	0.05
6429 Broadway, Everett, WA 98203	$573,000	4/2	1,804	0.05
2511 Lexington Ave, Everett, WA 98203	$410,000	2/1	704	0.06

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