This listing courtesy of Aaron Byrne , KW Everett
$2,400,000

6325 Evergreen Way, Everett, WA 98203

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon 6 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

FLAGSHIP EVERETT 2044 REDEVELOPMENT | MU-7 (2-STORY) | 5.44% CAP. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play," delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents are currently significantly below market, providing a clear value-add opportunity to immediately increase NOI and yield while pursuing future development.Under utilized basement and storage rooms. THE ASSEMBLAGE ADVANTAGE: This 2-parcel footprint provides the critical depth and scale necessary for institutional-grade mid-rise construction. Unlock maximum unit yield and optimized parking configurations under new TOD mandates. Single-lot sites in this corridor cannot achieve this level of Floor Area Ratio (FAR) potential. EVERETT 2044 VISION: Positioned in the newly adopted MU-7 (Mixed Urban, 7-story) growth corridor. Located on a high-visibility arterial (30k+ VPD) steps from future Sound Transit Light Rail. Capitalize on Everett’s blueprint for density in a submarket primed for transformation. Sold as-is. Buyer to verify all development yield.

Listing Status:
Active
Data Last Updated:
February 14, 2026 at 3:21AM
Listing Office:
KW Everett : 425-212-2007
Listing Agent:
Aaron Byrne : 425-212-2007
MLS ID:
2479732
  • A/C: None
  • Heating: Other – See Remarks
  • Fireplace: Fireplaces: 0
  • General: Cement/Concrete
  • Parking: Parking spaces: 6
  • Roofing: Built-Up
  • General: 56 - 10+ Units
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Everett
  • County: Snohomish
  • Zoning: 00392900401200
  • View: TerritorialView
  • Water: Public
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Aaron Byrne , KW Everett

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Madison Elementary School

616 Pecks Dr, Everett, WA, 98203

Grades KG-5

0.29 miles away

E

Evergreen Middle School

7621 Beverly Ln, Everett, WA, 98203

Grades 6-8

0.99 miles away

C

Cascade High School

801 E Casino Rd, Everett, WA, 98203

Grades 9-12

1.09 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.
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