2011 Madison Street Everett, WA $ 1,150,000
2011 Madison Street
$ 1,150,000
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2011 Madison Street

Everett, WA, 98203
$ 1,150,000
Baths0.0 Sq 7,629

Monthly Estimate*

$ 8,033

Listed by Windermere Real Estate Midtown
2011 Madison Street, Everett, WA 98203 - Image 1
2011 Madison Street, Everett, WA 98203 - Image 2
2011 Madison Street, Everett, WA 98203 - Image 3
2011 Madison Street, Everett, WA 98203 - Image 4
2011 Madison Street, Everett, WA 98203 - Image 5
2011 Madison Street, Everett, WA 98203 - Image 6
2011 Madison Street, Everett, WA 98203 - Image 7
2011 Madison Street, Everett, WA 98203 - Image 8
Studio

Multi-Family Home for sale in Everett, WA

for $1,150,000. This 7,629 square foot home was built in 1947 on a lot size of 0.61.

Instant equity awaits savvy investor at this multiple strategy value-add site. 5% cap with significant upside. Two-story mixed-use building with three 1-bedroom apartments, three street-front commercial spaces, and three flexible-use spaces on the main level. 26,752 sf neighborhood business (NB) zoned corner site - a blank slate for townhomes, apartments, owner-user, and other uses. Site maintains a neighborhood character with excellent commutes and access to amenities. A great opportunity to invest in the City of Everett, anticipated to be Washington's fastest-growing large city over the next 10 years. First time available in 45 years. Sold As-Is.

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Multi-Family Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,332

Style

5-9 Units

Lot Size

0.61

Year Built

1947

Town/City

Everett

County/Region

Snohomish

MLS | Web ID

2156193

Features
General
Interior Features Concrete Laminate Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling Wall Unit(s)
Possession Closing
Roof Flat
Exterior Features Brick Wood
HOA 0
Year Built 1947
View Territorial
Property SubType Multi-Family
Tax Year 2023
County Snohomish
Net Operating Income 58549
Insurance Expense 5411
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Pinehurst
Possible Use Multi-Family Residential Retail See Remarks
Special Listing Conditions None
Status Active
Directions Corner of Madison Street and Commercial Avenue
City Everett
Buyer Agent Compensation 3
View Y/N Y
Senior Community Y/N N
High School District Everett
Open Parking Spaces 20
Total Units 9
MLS Area 740 - Everett/Mukilteo
Lot Size Square Feet 26572
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Madison
Listing Terms Cash Out
Tax Annual Amount 8332
Electric Expense 1026
Fuel Expense 0
Property Condition Fixer
Public Remarks Instant equity awaits savvy investor at this multiple strategy value-add site. 5% cap with significant upside. Two-story mixed-use building with three 1-bedroom apartments three street-front commerci
Leasable Area 7638
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage
Water Company Everett Public Works
Units Below Grade false
Units In Building Total 9
Zoning Class Multi-Family Residential Retail See Remarks
Water Sewer Garbage 3099
Property Style 55 - 5-9 Units
Cap Rate 5.09
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Interior
Flooring Concrete Laminate Vinyl Carpet
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Alley Corner Lot Curbs Open Space Paved Sidewalk Value In Land
Water Source Public
Total Parking 20
Foundation Details Poured Concrete
Building Area Total 7629
Lot Size Acres 0.61
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features High Speed Internet
Parking Uncovered Spaces 20
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Internal Only
OriginalMLSID NWM2156193
Street Number 1 2011
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* Excluded Features
List By
Leslie Ota

Listing Agent

Windermere Real Estate Midtown

Broker

Affordability Calculator

$8,727
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,033
Monthly Property Taxes
$694
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
256896 Elementary School
256661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/5/2023$1,150,000 Listed Price

Map


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2011 Madison Street, Everett, WA, 98203 is a Multi-Family Home for sale at $1,150,000 with 7,629 sqft and a lot size of 0.61. 2011 Madison Street is a studio with 0.0 baths and was built in 1947. The property's zip code is 98203 which is in Everett, WA