3512 Grand Avenue, Everett, WA 98201
- $866,000
Listing courtesy of Blake Investment Advisors. Selling Office: Keller Williams Realty Bothell.
- Sold Price
- $866,000
- List Price
- $899,000
- Status
- SOLD
- MLS#
- 2403948
- Closing Date
- Dec 12, 2025
- Days on Market
- 173
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Annual Tax Ammount
- 8416
- Lot Size (sq ft)
- 31,799
- Sewer
- Sewer Connected
Property Description
8.45% Renovated Cap Rate | Value-Add Opportunity| Grand Avenue Mansion Fourplex offers a secluded living experience on a 31,799-square-foot lot, shielded from pedestrian traffic and street views. The exterior boasts a fresh coat of paint, a 2017 composition roof, and select units with modern double-paned vinyl windows. The unit mix features 2 two-bedroom units that average 945 square feet and 2 one-bedroom apartments that average 763 square feet. There is also a 1,320-square-foot unfinished basement, currently a communal laundry but plumbed for a potential fifth apartment.
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Additional Information
- List Date
- 2025-06-22 00:00:00
- Community
- Everett
- Net Operating Income
- $42,396
- Gross Adjusted Income
- $61,387
- Gross Scheduled Income
- $62,640
- Total Monthly Income
- $5,303
- Insurance Expenses
- $1,291
- Water/Sewer/Garbage Expenses
- $4,857
- Gross Rent Multiplier
- 14
- Total Expenses
- $19,991
- Cap Rate
- 4.72
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 3512
- Potential Terms
- Conventional
- Year Built
- 1901
- Roof
- Composition
- Other Expenses
- 5427
- Energy Source
- Electric
- School District
- Everett
- Total Monthly Income
- $5,303
- Gross Scheduled Income
- $62,640
- Vacancy Rate
- 2
- Gross Adjusted Income
- $61,387
- Tax Year
- 2024
- Insurance Expense
- $1,291
- W/S/G Expenses
- $4,857
- Total Expenses
- $19,991
- Net Operating Income
- $42,396
- Gross Rent Multiplier
- 14
- Cap Rate
- 4.72
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.