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

3120 8th St, Everett, WA 98201

$1,962,000

Last sold 09/16/2021 for $1.7M

—
bed
—
bath
8,768
Sqft ($194/Sqft)

House not for sale

About 3120 8th St

Property type House

Neighborhood

Year built 1997

HOA fee $0/month

Lot size 0.55 Acre

Movoto estimate

Property description

Fully Occupied, 8-Unit Complex of 2 Bd, 1.5 Bth, 1,100 sq.ft. apartments! Built in 1997 but located in Historic North Everett where multi-family growth and values are SOARING! Current rents are way under market rate (thanks COVID) and could easily go for $1,500 or more per month with some cosmetic improvements as tenants move out. There are 4 "garden-style" 1-story duplex buildings built around a central courtyard. Each unit has a covered patio, its own laundry/storage room and 2 assigned parking spaces in the lot. Tenants pay their own water/sewer/electric. Partial river and mountain views from the property and located just minutes from the Port of Everett Waterfront Place development where brand new apartments rent for twice as much!

Listed by

Listing Agent - Chris Lamoureux

Listing Office - Lamoureux Real Estate

Source: NWMLS

MLS#1800420 • last updated 2 years ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Levels/Style	Multi Family
MLS #	1800420
Virtual Tour	N/A
SubType	Multi Family
Type	Residential Income
SqFt	8768
Status	Sold
Lot Size (SqFt)	23769
Lot Size (Acres)	0.5457
Property Tax	12875
Buying Office	Dale Walters Real Estate
Year Built	1997
Buying Office Phone	360-698-5300
Condition	Average

Interior

Exterior
Roof	Composition
# Open Parking Spaces	16
# Parking Spaces	16
# Uncovered Spaces	16
Exterior Features	Metal/Vinyl

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Everett
Water	Public
Water Company	City Of Everett
Power Company	SnoCo PUD
Power Production: Type	Electric

Location
County	Snohomish
Subdivision	Historic N Everett
Area	740 - Everett/Mukilteo
Elementary School	Hawthorne Elem
Middle School	North Mid
High School District	Everett
High School	Everett High
APN	612300000700
Directions	From I-5 Northbound Take Exit 195 (E. Marine View Dr.) - Left At The Bottom Of The Ramp And Follow E. Marine View Dr. To 8th Street - Right On 8th St To Property On The Right.

Multifamily Details
Net Operating Income	76610
Capitalization Rate	4.8
Expense: Insurance	4200
Expense: Electricity	460
Gross Scheduled Income	111360
Expense: Other	9436
Gross Adjusted Income	106906
Total Expenses	30296
Gross Rent Multiplier	14
Nwm_Totalmonthlyincome	9280
Vacancy Rate	4

Lot/ Land Details
Site Features	Cable TV, High Speed Internet, Patio

$1.96M

Range: $1.35M-$2.57M

Last 30 days

Rental est.: $1,045/month

• Gross rent multiplier: 135.6

Lower your payment with the loan terms that fit you.

Sep 2021
Public Records
Sep 17, 2021 Sold
$1,700,000
Sep 2021
MLS # 1800420
Sep 16, 2021 Sold
$1,700,000 (+6.6%)
Jul 13, 2021 Pending
—
Jul 7, 2021 Listed
$1,595,000 (+98.1%)
Jul 2013
MLS # 491110
Jul 1, 2013 Sold
$805,000 (-1.8%)
May 22, 2013 Listed
$820,000

Year Property taxes Tax assessment
2025
$18,115 +30.5%

$2,057,325 +21.74%
2023
$13,878 +5.8%

$1,690,000 +18.02%
2022
$13,111 +1.8%

$1,432,000 +29.71%
2021
$12,875 +3.9%

$1,104,000
2020
$12,393 +6.0%

$1,104,000 +5.34%
2019
$11,689 -1.6%

$1,048,000
2018
$11,877 +19.7%

$1,048,000 +29.06%
2015
$9,921

$812,000

3120 8th St
$1.7M
Delta
$529K +3% y/y
98201
$529K -11% y/y
Everett
$519K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
3110 8th St, Everett, WA 98201	$449,000	2/2	1,102	0.02
3113 8th St, Everett, WA 98201	$523,000	2/1	1,002	0.03
3106 8th St, Everett, WA 98201	$528,000	2/1	1,211	0.03
3109 8th St, Everett, WA 98201	$554,000	3/1	1,388	0.03
3105 8th St, Everett, WA 98201	$474,000	2/1	983	0.04
3102 8th St, Everett, WA 98201	$580,000	3/2	1,527	0.04
3101 8th St, Everett, WA 98201	$647,000	4/2	1,889	0.04
833 E Marine View Dr, Everett, WA 98201	$419,000	2/1	960	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.