3718 Wetmore Avenue, Everett, WA 98201
- $1,100,000
- 4,100
- SqFt
Listing courtesy of Windermere Real Estate M2 LLC. Selling Office: Town Center Realty.
- Sold Price
- $1,100,000
- List Price
- $1,199,950
- Status
- SOLD
- MLS#
- 2388279
- Closing Date
- Jun 01, 2026
- Days on Market
- 58
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,100
- Area Total SqFt
- 4100
- Annual Tax Ammount
- 9103
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic "sweat equity" opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings...buyer to verify to their own satisfaction. Coin operated laundry.
/u.realgeeks.media/360degreesrealestate/header.png)
Additional Information
- List Date
- 2026-04-04 00:00:00
- Community
- Downtown
- Net Operating Income
- $62,997
- Gross Adjusted Income
- $79,800
- Gross Scheduled Income
- $84,000
- Total Monthly Income
- $1,250
- Insurance Expenses
- $2,200
- Water/Sewer/Garbage Expenses
- $500
- Gross Rent Multiplier
- 15
- Total Expenses
- $16,803
- Cap Rate
- 5
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 3718
- Potential Terms
- Cash, Conventional
- Year Built
- 1910
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available, High Speed Internet
- Other Expenses
- 5000
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Jackson Elem
- Middle School
- North Mid
- High School
- Everett High
- Total Monthly Income
- $1,250
- Gross Scheduled Income
- $84,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $79,800
- Tax Year
- 2024
- Insurance Expense
- $2,200
- W/S/G Expenses
- $500
- Total Expenses
- $16,803
- Net Operating Income
- $62,997
- Gross Rent Multiplier
- 15
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.