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8806 3rd Ave SE, Everett, WA 98208

$1,450,000
  • bed

  • bath

  • 5,304

    Sqft ($273/Sqft)

House for sale 2 hours

About 8806 3rd Ave SE

Property type House
Neighborhood
Year built 1968
HOA fee $0/month
Lot size 9,583 Sqft
Property description
Well-managed, meticulously maintained 6-unit apartment building in Everett's Cascade View neighborhood — a truly turnkey investment with zero deferred maintenance, zero vacancies, and zero delinquencies. Five of the six units have been renovated (2021–2024) with new double-pane vinyl windows, LVP flooring, updated kitchens and baths, alongside a new roof (2023), fresh exterior paint/sealer, newer decks and updated common areas (2025) including new carpet, lighting, and hardware, leaving a new owner nothing to do but collect rent from day one. Unit mix of (4) 2bd/1ba and (2) 1bd/1ba units totaling 5,050+ SF, with a private storage locker for every unit. Eleven off-street parking spaces and on-site app-based laundry round out the amenities. 5.62% current cap / 6.06% market cap, with one remaining unrenovated unit offering modest rent-growth upside — a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.
Listed by
Listing Agent - Grant Fosheim
Listing Office - Opal Blue Real Estate, LLC
Source: NWMLS mls logo
MLS#2583094 • last updated 9 hours ago
Movoto checked NWMLS for data 38 minutes ago
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Overview
Cooling/AC None
Heating Baseboard
Levels/Style Multi Family
MLS # 2583094
Virtual Tour External Link
SubType Multi Family
Type Residential Income
SqFt 5304
Status Active
Lot Size (SqFt) 9583
Lot Size (Acres) 0.22
Property Tax 11202
Year Built 1968
Condition Average
Interior
Exterior
Foundation Poured Concrete
Roof Composition
Construction Brick
# Parking Spaces 11
# Uncovered Spaces 11
Exterior Features Brick
Amenities / Utilities
Sewer/ Septic Sewer Connected, City Of Everett
Water Public
Water Company City Of Everett
Power Company SNOPUD
Power Production: Type Electric
Security Features Partially Fenced
HOA Amenities Coin Op Laundry, Storage
Location
View Territorial
County Snohomish
Subdivision South Everett
Area 740 - Everett/Mukilteo
Elementary School Buyer To Verify
Middle School Buyer To Verify
High School District Everett
High School Buyer To Verify
APN 39230000180503
Zoning Multi-Family
Multifamily Details
Net Operating Income 81502
Capitalization Rate 5.62
Expense: Insurance 2732
Expense: Electricity 1163
Gross Scheduled Income 122220
Expense: Other 16168
Gross Adjusted Income 119776
Total Expenses 38274
Gross Rent Multiplier 11.86
Nwm_Totalmonthlyincome 10185
Vacancy Rate 2
Lot/ Land Details
Site Features Deck, Fenced-Partially, Patio
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Source: GreatSchools.org © 2026. All rights reserved.

Around Cascade View

Explore everything this neighborhood has to offer. Learn more about Cascade View.
64/100
Walk
82/100
Family
74/100
Dining
90/100
Pet
  • Real Estate
  • WA
  • Snohomish County
  • Everett
  • 98208
  • Cascade View
  • 8806 3rd Ave SE

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