8806 3rd Avenue SE Everett, WA $ 1,450,000
8806 3rd Avenue SE
$ 1,450,000
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8806 3rd Avenue SE

Everett, WA, 98208
$ 1,450,000
Bedrooms10 Baths6.0 Sq 5,304

Monthly Estimate*

$ 9,155

Listed by Opal Blue Real Estate, LLC
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Multi-Family Home for sale in Everett, WA

for $1,450,000 with 10 bedrooms and 6 full baths. This 5,304 square foot home was built in 1968 on a lot size of 0.22.

Well-managed, meticulously maintained 6-unit apartment building in Everett's Cascade View neighborhood — a truly turnkey investment with zero deferred maintenance, zero vacancies, and zero delinquencies. Five of the six units have been renovated (2021–2024) with new double-pane vinyl windows, LVP flooring, updated kitchens and baths, alongside a new roof (2023), fresh exterior paint/sealer, newer decks and updated common areas (2025) including new carpet, lighting, and hardware, leaving a new owner nothing to do but collect rent from day one. Unit mix of (4) 2bd/1ba and (2) 1bd/1ba units totaling 5,050+ SF, with a private storage locker for every unit. Eleven off-street parking spaces and on-site app-based laundry round out the amenities. 5.62% current cap / 6.06% market cap, with one remaining unrenovated unit offering modest rent-growth upside — a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

10

Full Bath

6

Property Type

Multi-Family

Taxes

$ 11,202

Style

5-9 Units

Lot Size

0.22

Year Built

1968

Town/City

Everett

County/Region

Snohomish

MLS | Web ID

2583094

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1968
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Snohomish
Net Operating Income 81502
Insurance Expense 2732
New Construction N
Property Type Residential Income
HOA N
Subdivision Name South Everett
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I-5 take Exit 189 toward WA-526/WA-99/Everett Mall Way. Continue toward Evergreen Way. Turn onto Holly Dr then right onto 3rd Ave SE. Property is on the right.
High School Buyer To Verify
City Everett
Senior Community Y/N N
High School District Everett
Zoning Description Multi-Family
Number Of Units Total 6
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 Conventional
Elementary School Buyer To Verify
Tax Annual Amount 11202
Electric Expense 1163
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Average
Public Remarks Well-managed meticulously maintained 6-unit apartment building in Everett's Cascade View neighborhood a truly turnkey investment with zero deferred maintenance zero vacancies and zero delinquencies.
Leasable Area 5304
Virtual Tour https://youtu.be/BFveUPQE_1A
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage
Water Company City Of Everett
Units Below Grade false
Units In Building Total 6
Water Sewer Garbage 7009
Property Style 55 - 5-9 Units
Cap Rate 5.62
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Exterior
Exterior Amenities Brick
Lot Features Paved Sidewalk
Water Source Public
Total Parking 11
Foundation Details Poured Concrete
Building Area Total 5304
Lot Dimensions 70 x 131
Lot Size Acres 0.22
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially Patio
Parking Uncovered Total 11
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Interior
Flooring Laminate Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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 NWM2583094
Street Number 1 8806
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* Excluded Features
List By
Grant Fosheim

Listing Agent

Opal Blue Real Estate, Llc

Broker

Grant@OpalBlueRE.com

Email

Affordability Calculator

$10,089
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,155
Monthly Property Taxes
$934
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
3100245 Elementary School
3100082 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$1,450,000 Listed Price

Map


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8806 3rd Avenue SE, Everett, WA, 98208 is a Multi-Family Home for sale at $1,450,000 with 5,304 sqft and a lot size of 0.22. 8806 3rd Avenue SE has 10 bedrooms, 6.0 baths, and was built in 1968. The property's zip code is 98208 which is in Everett, WA