3718 Wetmore Avenue Everett, WA $ 1,199,950
3718 Wetmore Avenue
$ 1,199,950
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3718 Wetmore Avenue

Everett, WA, 98201
$ 1,199,950
Baths0.0 Sq 4,100

Monthly Estimate*

$ 7,486

Listed by Windermere Real Estate M2 LLC
3718 Wetmore Avenue, Everett, WA 98201 - Image 1
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Studio

Multi-Family Home for sale in Everett, WA

for $1,199,950. This 4,100 square foot home was built in 1910 on a lot size of 0.22.

Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic "sweat equity" opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings...buyer to verify to their own satisfaction. Coin operated laundry.

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Multi-Family Pending

Price

$ 1,199,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,103

Style

4-Plex

Lot Size

0.22

Year Built

1910

Town/City

Everett

County/Region

Snohomish

MLS | Web ID

2388279

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Fully Fenced Security System
Year Built 1910
Property Subtype Multi Family
Tax Year 2024
County Snohomish
Net Operating Income 62997
Insurance Expense 2200
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown
Possible Use Multi-Family
Special Listing Conditions None
Status Pending
Directions Broadway Avenue Exit from 1-5 north. Left off of Broadway onto 37th Street. Left onto Wetmore Aveune.
High School Everett High
City Everett
Senior Community Y/N N
High School District Everett
Zoning Description Multi-Family
Open Parking Spaces 8
Number Of Units Total 5
MLS Area 740 - Everett/Mukilteo
Lot Size Units Square Feet
Lot Size Square Feet 9583
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Jackson Elem
Tax Annual Amount 9103
Electric Expense 0
Fuel Expense 0
Middle/Junior High School North Mid
Public Remarks Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south
Leasable Area 4100
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Pending
Amenities Coin Op Laundry
Water Company City of Everett
Units Below Grade false
Units In Building Total 5
Water Sewer Garbage 500
Property Style 54 - 4-Plex
Cap Rate 5
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Exterior
Exterior Amenities Wood
Lot Features Paved Sidewalk
Water Source Public
Total Parking 8
Foundation Details Pillar/Post/Pier Poured Concrete
Building Area Total 4100
Lot Size Acres 0.22
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Gas Available High Speed Internet
Parking Uncovered Spaces 8
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Interior
Flooring Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2388279
Street Number 1 3718
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* Excluded Features
List By
Dan Gunderson

Listing Agent

Windermere Real Estate M2 Llc

Broker

Affordability Calculator

$8,245
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$759
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
258145 Elementary School
257694 Middle School
Everett High High School
Pricing History
DatePricePrice ChangeDescription
7/14/2025$1,199,950 -7.70% Price Down
6/5/2025$1,300,000 Listed Price

Map


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3718 Wetmore Avenue, Everett, WA, 98201 is a Multi-Family Home for sale at $1,199,950 with 4,100 sqft and a lot size of 0.22. 3718 Wetmore Avenue is a studio with 0.0 baths and was built in 1910. The property's zip code is 98201 which is in Everett, WA