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Listed by: Grant Fosheim | Opal Blue Real Estate, LLC (425) 510-6162
$1,150,000
Monthly Est:$5,724
6 Beds
5 Baths
3,350sqft
2519 Baker Ave, Everett, WA 98201
$1,150,000
$5,724/moEst:
Get Pre-Approved
Duplex
Built in 1910
$-- HOA
6,098 sqft lot
$343/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: July 7, 2026 at 6:58 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2547331
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1910
HOA Fees
-
Finished Area
3,350 sqft
Lot Size
6,098 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2547331
MLS Status
Active
Days on Market
96
Cumulative Days on Market
95
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 5
Interior
Exterior Features
Wood, Wood Products
Heating
Baseboard
Sewer
Sewer Connected
Cooling
None
Flooring
Vinyl Plank, Carpet
Construction
Year Built
Year Built: 1910
Home type
Duplex
Construction Materials
Wood
Foundation Details
Pillar/post/pier, Poured Concrete
Property Condition
Good
Roof
Composition
Utilities & Energy
Water Source
Public
Security Features
Partially Fenced
Other Features
Lot Features
Dead End Street, Sidewalk
Subdivision Name
Riverside
Price History
| Date | Event | Price |
|---|---|---|
06/30/2026 Source: | Listed for Sale | $1,150,000 +259.38% $343/sqft |
02/27/2015 Source: | Price Increased | $320,000 +12.28% $96/sqft |
10/08/2003 Source: | Sold | $285,000 $85/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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