6325 Evergreen Way, Everett, WA 98203

Everett
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: aaron byrne
Office: kw everett
MLS#:2479732
Source:NWMLS
6325 Evergreen Way,Everett, WA 98203
$2,400,000
  • - Beds
  • - Baths
  • 11,895 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,400,000
  • Price per sq. ft.:$201.77

About this home

FLAGSHIP EVERETT 2044 REDEVELOPMENT | MU-7 (2-STORY) | 5.44% CAP. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play," delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents are currently significantly below market, providing a clear value-add opportunity to immediately increase NOI and yield while pursuing future development.Under utilized basement and storage rooms. THE ASSEMBLAGE ADVANTAGE: This 2-parcel footprint provides the critical depth and scale necessary for institutional-grade mid-rise construction. Unlock maximum unit yield and optimized parking configurations under new TOD mandates. Single-lot sites in this corridor cannot achieve this level...

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Home facts

  • Year built:1968
  • Listing ID #:2479732
  • Updated:April 26, 2026 at 11:07 AM

Rooms and interior

  • Living area:11,895 sq. ft.

Structure and exterior

  • Roof:Built Up
  • Year built:1968
  • Building area:11,895 sq. ft.
  • Lot area:0.27 Acres
  • Lot Features:Paved, Sidewalk
  • Construction Materials:Cement/Concrete Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,400,000
  • Price per sq. ft.:$201.77
  • Tax amount:$11,541 (2025)

Parking

  • Garage:Yes
  • Garage spaces:6
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 26, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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