$1,600,000

9 Beds 5 / 2 Full / Half Baths 3,218 SQFT 0.00 Acres

Type: Condos

1925 Lombard Avenue # A,B,C
Everett, WA 98201

MLS#: 2447170

Presented by: KW North Sound and NWMLS

Property Description

Exceptional investment opportunity in Everett! This unique multi-family property features three condo units, with two currently rented and producing immediate cash flow. Two newly constructed units built in 2024 offer modern design, open living spaces, 3 bedrooms, 2.5 baths, and attached 1-car garages, while the updated existing 3-bedroom, 1-bath home provides strong additional rental potential. Units B & C are currently leased at $2,695 each, with projected rent of $2,500 for Unit A, creating an attractive pro-forma cap rate near 6%. A rare chance to enjoy steady income now while holding the flexibility to sell units individually in the future to maximize long-term returns. Low-maintenance yards enhance ease of ownership, and the prime Everett location places you just minutes from downtown, shopping, dining, schools, transit, and I-5. This is a true turnkey investment combining modern construction, reliable rental demand, and built-in appreciation potential. Buyer to verify all to own satisfaction.

Interior Features

Bedrooms

Bedrooms Lower0

Bedrooms Upper9

Main Level Bedrooms0

Total Bedrooms9

Bathrooms

3/4 Baths0

Bathrooms6

Baths Full Garage0

Baths Full Lower0

Baths Full Main1

Baths Full Upper4

Baths Half Garage0

Baths Half Lower0

Baths Half Main2

Baths Half Upper0

Baths Three Quarter Garage0

Baths Three Quarter Lower0

Baths Three Quarter Main0

Baths Three Quarter Upper0

Half Baths2

Total Baths7

Other Interior Features

Air Conditioning Y/NYes

Fireplace Y/NNo

Floor Number of Unit1

FlooringVinyl, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories2

General

AppliancesDishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)

Association Fee IncludesCommon Area Maintenance

Building Area Units0 sqft

Building NameLombard Avenue Condominium

Carport Y/NNo

CityEverett

CoolingDuctless

CountySnohomish

DirectionsFrom I5 North take 41st Street to Broadway. Head North on Broadway Take Left on 20th Street. Take a Right on Lombard Ave.

Entry LocationMain

Full Baths5

Garage Y/NYes

HOANo

HOA Fee$0

HeatingDuctless, Forced Air

High School DistrictEverett

LevelsMulti/Split

Listing TermsCash Out, Conventional, FHA, VA Loan

Living Area0 sqft

MLS Area740 - Everett/Mukilteo

NWM_ShowMapLinkY

New ConstructionYes

Pets AllowedSubject to Restrictions

PossessionClosing

Property Style32 - Townhouse

Property SubtypeCondominium

Property TypeResidential

Public RemarksExceptional investment opportunity in Everett! This unique multi-family property features three condo units, with two currently rented and producing immediate cash flow. Two newly constructed units bu

RoofComposition

Senior Community Y/NNo

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeTownhouse

Subdivision NameNorth Everett

Tax Annual Amount$13,504

Tax Year2025

Unit Number0

Units In Building Total3

Year Built2024

Exterior

Building Area Total997 sqft

Covered Spaces2

Dwelling TypeDetached

Exterior AmenitiesWood Products

InclusionsDishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s)

Irrigation Water Rights Y/NNo

Lot FeaturesCurbs, Paved

Parking FeaturesIndividual Garage, Off Street

Total Parking4

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School N/A

Elementary School N/A

High School N/A

Similar Properties

$1,600,000

9 Beds 5 / 2 Full / Half Baths 3,218 SQFT 0.00 Acres

Type: Condos

1925 Lombard Avenue # A,B,C
Everett, WA 98201

MLS#: 2447170

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Property

$1,600,000

1925 Lombard Avenue # A,B,CEverett, WA 98201

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,600,000

1925 Lombard Avenue # A,B,CEverett, WA 98201

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1925 Lombard Avenue # A,B,C
Everett, WA 98201

1925 Lombard Avenue # A,B,C
Everett, WA 98201