3504 Norton Avenue Everett, WA $ 1,499,000
3504 Norton Avenue
$ 1,499,000
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3504 Norton Avenue

Everett, WA, 98201
$ 1,499,000
Baths0.0 Sq 9,698

Monthly Estimate*

$ 9,230

Listed by John L. Scott Snohomish
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Studio

Multi-Family Home for sale in Everett, WA

for $1,499,000. This 9,698 square foot home was built in 1890 on a lot size of 0.39.

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.

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Multi-Family Active

Price

$ 1,499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

10+ Units

Lot Size

0.39

Year Built

1890

Town/City

Everett

County/Region

Snohomish

MLS | Web ID

2471053

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing Negotiable See Remarks
Roof Composition Metal
HOA Fee 0
Garage Spaces 5
Security Features Partially Fenced
Year Built 1890
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 99264
Insurance Expense 12000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Everett
Special Listing Conditions See Remarks
Status Active
Directions From 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.
High School Buyer To Verify
City Everett
Senior Community Y/N N
High School District Everett
Number Of Units Total 4
MLS Area 740 - Everett/Mukilteo
Lot Size Units Square Feet
Lot Size Square Feet 16988
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional Rehab Loan See Remarks
Elementary School Buyer To Verify
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks 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 (S
Leasable Area 5791
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Basement Coin Op Laundry Playground Storage
Water Company City of Everett
Units Below Grade false
Units In Building Total 12
Water Sewer Garbage 0
Property Style 56 - 10+ Units
Cap Rate 6.62
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Exterior
Exterior Amenities Wood Products
Lot Features Corner Lot Curbs Open Space Paved Sidewalk
Water Source Public
Foundation Details Block Poured Concrete Slab
Building Area Total 9698
Lot Size Acres 0.39
Waterfront Y/N N
Covered Spaces 5
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Total 13
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Interior
Flooring Engineered Hardwood Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 4
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2471053
Street Number 1 3504
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* Excluded Features
List By
Amanda Yeo

Listing Agent

John L. Scott Snohomish

Broker

Affordability Calculator

$9,230
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,230
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3100245 Elementary School
3100082 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
1/23/2026$1,499,000 Listed Price

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3504 Norton Avenue, Everett, WA, 98201 is a Multi-Family Home for sale at $1,499,000 with 9,698 sqft and a lot size of 0.39. 3504 Norton Avenue is a studio with 0.0 baths and was built in 1890. The property's zip code is 98201 which is in Everett, WA