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27769648
27769671

1925 Lombard Ave, Everett, WA 98201

AS
Keller Williams North Sound
Listed by Keller Williams North Sound
$1,570,000
226 days on market
Updated 37 days ago

Three Condo Units In Everett

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,238
Net Rentable (SqFt) 3,238
Units 3
Pro-Forma Cap Rate 6.03%
Pro-Forma NOI $94,680
Price per SqFt $485
Year Built 1920, 2024, 2024
Buildings 3
Stories 2
Lot Size (SqFt) 9,006

3 Unit Multi-Family in Everett

Marketing description

Exceptional investment opportunity in Everett! This unique multi-family property features three condo units, with two currently rented and producing immediate cash flow. Two newly constructed units built in 2024 offer modern design, open living spaces, 3 bedrooms, 2.5 baths, and attached 1-car garages, while the updated existing 3-bedroom, 1-bath home provides strong additional rental potential. Units B & C are currently leased at $2,695 each, with projected rent of $2,500 for Unit A, creating an attractive pro-forma cap rate near 6%. A rare chance to enjoy steady income now while holding the flexibility to sell units individually in the future to maximize long-term returns. Low-maintenance yards enhance ease of ownership, and the prime Everett location places you just minutes from downtown, shopping, dining, schools, transit, and I-5. This is a true turnkey investment combining modern construction, reliable rental demand, and built-in appreciation potential. Buyer to verify all to own satisfaction.

Listing Contacts

AS
Keller Williams North Sound
Listed by Keller Williams North Sound

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