3323 Oakes Avenue Unit #1-12, Everett, WA 98201
- $2,275,000
- 9,200
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: COMPASS.
- Sold Price
- $2,275,000
- List Price
- $2,200,000
- Status
- SOLD
- MLS#
- 2407341
- Closing Date
- Oct 28, 2025
- Days on Market
- 12
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 9,200
- Area Total SqFt
- 9200
- Annual Tax Ammount
- 19178
- Lot Size (sq ft)
- 11,987
- Sewer
- Sewer Connected
Property Description
Built in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current4.7% cap rate should stabilize near the 5% range as rents are increased in 2026, basic renovations could allow for a cap rate above 8%. Versatile unit mix of six 2-bedroom/1-bath apartments, two 2-bedroom/2-bath units,and four 1-bedroom/1-bath units, Most with in unit Laundry. Recent upgrades include two roofs replaced five years ago.Amenities including secure building access, private decks, professional landscaping, an elevator for easy accessibility, and two ADA-compliant units.14 garage parking stalls, additional guest parking, ample off-street parking, and two coin-operated laundry rooms.
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Additional Information
- List Date
- 2025-10-16 00:00:00
- Community
- Everett
- Net Operating Income
- $102,786
- Gross Adjusted Income
- $191,762
- Gross Scheduled Income
- $195,676
- Total Monthly Income
- $16,306
- Insurance Expenses
- $12,500
- Water/Sewer/Garbage Expenses
- $19,163
- Gross Rent Multiplier
- 11
- Total Expenses
- $88,977
- Cap Rate
- 4.7
- Vacancy Rate
- 2
- Total Number of Units
- 12
- Unit Name
- 3323
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1980
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV, Deck
- Other Expenses
- 38136
- Energy Source
- Electric, See Remarks
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- North Mid
- High School
- Everett High
- Total Monthly Income
- $16,306
- Gross Scheduled Income
- $195,676
- Vacancy Rate
- 2
- Gross Adjusted Income
- $191,762
- Tax Year
- 2025
- Insurance Expense
- $12,500
- W/S/G Expenses
- $19,163
- Total Expenses
- $88,977
- Net Operating Income
- $102,786
- Gross Rent Multiplier
- 11
- Cap Rate
- 4.7
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.