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29991974
29991975

8830 3rd Ave SE, Everett, WA 98208

TW
WA WA 131981, WA OR 201204376
Sperry Commercial
Listed by Sperry Commercial
$3,239,780
98 days on market
Updated 98 days ago

Kensington Court

Details
APN 003923-000-018-08
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,070
Units 14
Cap Rate 6.03%
NOI $195,359
Occupancy 95%
Price per SqFt $230
Broker Co-Op Yes
Year Built 2000
Buildings 1
Stories 3
Zoning R3
Parking Spaces 21 spaces
Parking Per SqFt 1.49
Investment Type Stabilized

2000-Built | 14 Large 2BR 2BA Units | Prime Everett Location

Investment highlights

The property is a well-maintained 14-unit multifamily asset in Everett’s desirable Cascade View neighborhood, constructed in 2000.

Each unit is spacious, with a 2-bedroom / 2-bathroom layout, averaging approximately 1,050 square feet, and includes modern finishes, in-unit washer and dryer, and private balconies.

Stable rental performance with current rents around $1,800 per month, and potential for rental growth due to strong regional employment drivers and population growth within Everett.

Strategically located just blocks from Everett Mall, with quick access to the Boeing Freeway (SR-526) and Interstate 5. Proximity to schools and transportation hubs supports strong commuter demand.

Kensington Court is set on a 0.45-acre site with well-maintained grounds, nearby parks, and potential for enhancement of outdoor amenities or resident common areas for improved lifestyle appeal.

Listing Contacts

TW
WA WA 131981, WA OR 201204376
Sperry Commercial
Listed by Sperry Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$195,359.00
$16,279.92/mo

Valuation Metrics

0
DSCR
6.03%
Cap Rate
6.03%
ROI

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Additional Information

Name
Ted Wood
License
WA 131981
Brokerage
Sperry Commercial
Brokerage Phone
2068180378
Title
Senior Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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