$1,195,000
 $6,415 est/mo Sourced by Back At You

2232 Hoyt Avenue,Everett, WA 98201

Everett, WA 98201

Share:

Description

Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.

Details

MLS #2547568
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1905
Days On Site55
Listing Provided ByOpal Blue Real Estate, LLC | Grant Fosheim

Features

SQ Feet3,070
Garage2
Story(s)3
Units5
Acreage0.14
Property ViewYes

Taxes

Property6003

Area Information

StateWA
CountySnohomish
CityEverett
Zip Code98201
Area740 Everett | Mukilteo
Community NameDowntown
Listing VS Median (in Downtown)
Price:
$1,195,000
low | high
Med:
$822,500
81.171548117155% of Average
sqft:
3,070
low | high
Med:
1,257
100% of Average
$ / sqft:
$389
low | high
Med:
$664
20.700445418122% of Average
On site:
55
low | high
Med:
130
42.307692307692% of Average
Sourced by Back At You

Market Activity 98201

Request a showing

Request a showing

Contact


Additional Information


Showing Information


Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Best Homes at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.

 The three trees icon appears on listings courtesy of NWMLS.

The Northwest Multiple Listing Service (NWMLS) provides Internet Data Exchange (IDX) information exclusively for personal, non-commercial use. This data is intended solely to help consumers identify prospective properties they may be interested in purchasing. While the information is deemed reliable, it is not guaranteed. Users are advised to independently verify the accuracy of all information.

Based on information submitted to the MLS GRID as of August 23, 2026 at 7:37:33 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

 Listings courtesy of NWMLS as distributed by MLS GRID. DMCA Notice - The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: suppport@realistiq.com “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Contact

Learn More About This Property

StateWA
CountySnohomish
CityEverett
Zip Code98201
Area740 Everett | Mukilteo
Community NameDowntown
Listing VS Median (in Downtown)
Price:
$1,195,000
low | high
Med:
$822,500
81.171548117155% of Average
sqft:
3,070
low | high
Med:
1,257
100% of Average
$ / sqft:
$389
low | high
Med:
$664
20.700445418122% of Average
On site:
55
low | high
Med:
130
42.307692307692% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $896K - $1.493M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
2415 Rucker Ave Property Photo 1
$825,000
2415 Rucker Ave
Everett, WA 98201
2030 Grand Avenue 5 Property Photo 1
$1,685,000
2030 Grand Avenue 5
Everett, WA 98201
Listing Updated: July 7, 2026 at 11:15:10 AM PDT