2519 Baker Avenue, Everett, WA 98201 (MLS # 2547331)

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Listing provided courtesy of Northwest MLS; Opal Blue Real Estate, LLC

PRICE $1,150,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 3,350 sqft
LOT SIZE 6,099 sqft
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Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents "” providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

LAST UPDATED 6/29/2026 TRACT Riverside
YEAR BUILT 1910 COMMUNITY Riverside
COUNTY Snohomish STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 740 - Everett/Mukilteo
BASEMENT Yes
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric, Natural Gas
LOT 6098 sq ft
LOT DESCRIPTION Dead End Street, Sidewalk
MLS STATUS Active
STORIES 2
STYLE 55 - 5-9 Units
SUBDIVISION Riverside
TAXES 7348
UTILITIES Cable Available, Sewer Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s), Territorial
WATER Public
ZONING Multi-Family
MORTGAGE CALCULATOR
   

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 6/29/26 8:40 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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