Pending

$1,499,000

0 Beds 0 Baths 9,698 SQFT 0.39 Acres

Type: Pending

3502 Norton Avenue
Everett, WA 98201

MLS#: 2471053

Presented by: John L. Scott Snohomish and NWMLS

Property Description

Rare multifamily opportunity in Everett with multiple income streams and strong value-add upside. This offering includes an adjacent 11-unit apartment building (4 stories) and a single-family home (SFR) with private driveway parking and potential for future condo conversion. The apartment building features a mix of SROs (kitchenette + shared bath), studios (2 with exterior entrances), and 1BR units. All units are separately metered. Property highlights include updated plumbing and electrical, historic character, and a distinctive spiral staircase fire escape. The basement contains coin-op laundry and extensive unused space with separate entrance and bathroom, ideal for storage, modernized laundry, office space, or potential unit conversion (subject to permits). Additional income potential from five rentable garages, dedicated parking lot, abundant off-street and street parking, shared playground, and green space. Prime location in a quiet residential neighborhood with easy access to downtown Everett. Perfect for investors seeking stabilized cash flow, value-add improvements, and long-term appreciation.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringEngineered Hardwood, Laminate, Vinyl, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories4

General

AmenitiesBasement, Coin Op Laundry, Playground, Storage

Building Area Units0 sqft

Cap Rate6.62

Carport Spaces0

Carport Y/NNo

CityEverett

CoolingNone

CountySnohomish

DirectionsFrom i5 take exit 192 for 41st Street. Continue west onto 41st St. Turn Right onto Grand Ave. Continue straight onto Norton Ave. Turn left onto 35th St. Entrance will be immediately on your Left.

Electric Expense0

Elementary SchoolBuyer To Verify

Fuel Expense0

Garage Spaces5

HOANo

HOA Fee$0

HeatingWall Unit(s)

High SchoolBuyer To Verify

High School DistrictEverett

Insurance Expense12000

Leasable Area5,791 sqft

Listing TermsCash, Conventional, Rehab Loan, See Remarks

Living Area0 sqft

Lot Size Square Feet16,988 sqft

Lot Size UnitsSquare Feet

MLS Area740 - Everett/Mukilteo

Middle/Junior High SchoolBuyer To Verify

NWM_ShowMapLinkY

Net Operating Income99264

New ConstructionNo

Number Of Units Total4

PossessionClosing, Negotiable, See Remarks

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksRare multifamily opportunity in Everett with multiple income streams and strong value-add upside. This offering includes an adjacent 11-unit apartment building (4 stories) and a single-family home (S

RoofComposition, Metal

Security FeaturesPartially Fenced

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsSee Remarks

Standard StatusPending

StatusPending

Structure TypeMulti Family

Subdivision NameEverett

Tax Annual Amount$0

Tax Year2025

Units Below Gradefalse

Units In Building Total12

ViewTerritorial

Water CompanyCity of Everett

Water Sewer Garbage0

Year Built1890

Exterior

Building Area Total9,698 sqft

Covered Spaces5

Exterior AmenitiesWood Products

Foundation DetailsBlock, Poured Concrete, Slab

Irrigation Water Rights Y/NNo

Lot FeaturesCorner Lot, Curbs, Open Space, Paved, Sidewalk

Lot Size Acres0.39

Parking Uncovered Total13

Site FeaturesFenced-Partially

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Buyer To Verify Middle School

Elementary School Buyer To Verify Elementary School

High School Buyer To Verify High School

Similar Properties

$1,499,000

0 Beds 0 Baths 9,698 SQFT 0.39 Acres

Type: Pending

3502 Norton Avenue
Everett, WA 98201

MLS#: 2471053

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Property

$1,499,000

3502 Norton AvenueEverett, WA 98201

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,499,000

3502 Norton AvenueEverett, WA 98201

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3502 Norton Avenue
Everett, WA 98201

3502 Norton Avenue
Everett, WA 98201