WA > Everett > Everett
Everett, WA 98201,2501 Colby AVE
Everett, WA 98201,2501 Colby AVE
Everett, WA 98201,2501 Colby AVE
Everett, WA 98201,2501 Colby AVE
Everett, WA 98201,2501 Colby AVE
Everett, WA 98201,2501 Colby AVE
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Manesh Lakhani

Manesh Lakhani

+1(425) 623-3958
Listed by COMPASS
$ 5,000,000
Est. payment | /mo

15,081 SqFt

Save
$ 5,000,000
Est. payment | /mo
Save

15,081 SqFt

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,081 sqft

Price per Sqft $331

Subdivision Everett

MLS Listing ID 2394216

Style 56 - 10+ Units

Year Built 1908

Annual Tax Amount $33,658

Lot Size 0.320 Acres

Property Sub-Type Multi Family

Property Description

Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.

Location

State WA

County Snohomish

Area 740 - Everett/Mukilteo

Interior

Flooring Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Brick

Amenities Available Cable TV, High Speed Internet

View Y/N No

Roof Type Flat

Building

Lot Description Alley, Corner Lot, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Everett

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(425) 623-3958

manesh@lakhaniteamre.com

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2501 Colby AVE