2517 Howard Avenue, Everett, WA 98203
- $4,000,000
Listing courtesy of Keller Williams Realty Bothell. Selling Office: COMPASS.
- Sold Price
- $4,000,000
- List Price
- $4,200,000
- Status
- SOLD
- MLS#
- 2422941
- Closing Date
- Dec 31, 2025
- Days on Market
- 79
- Style
- 56 - 10+ Units
- Annual Tax Ammount
- 39680
- Lot Size (sq ft)
- 27,878
- Sewer
- Sewer Connected
Property Description
The Majestic View Apartments is a 22-unit community with additional value-add upside in Everett. Unit mix includes 18 two-bedroom/one-bath units (980 SF), one one-bedroom/one-bath (845 SF), one three-bedroom/one-bath (1,115 SF), two non-conforming studios, plus a bonus unit in the carport area. Twenty units feature balconies or decks, with upper floors enjoying mountain views and sunrises. A large coin-op laundry adds income and tenant convenience. Features include a TPO roof ( 8 yrs), updated flooring, secure gated parking with garages, carports, and storage units, plus 32 surface spaces. Rents estimated 25–30% below market. Excellent location near Boeing, Amazon, downtown Everett, and I-5.
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Additional Information
- List Date
- 2025-10-13 00:00:00
- Community
- Everett
- Net Operating Income
- $230,940
- Gross Adjusted Income
- $363,079
- Gross Scheduled Income
- $382,188
- Total Monthly Income
- $31,149
- Insurance Expenses
- $11,870
- Water/Sewer/Garbage Expenses
- $30,525
- Gross Rent Multiplier
- 10.99
- Total Expenses
- $132,139
- Cap Rate
- 5.5
- Vacancy Rate
- 5
- Total Number of Units
- 22
- Unit Name
- 2517
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1968
- Roof
- Flat
- Other Expenses
- 50064
- Energy Source
- Electric
- School District
- Everett
- High School
- Everett High
- Total Monthly Income
- $31,149
- Gross Scheduled Income
- $382,188
- Vacancy Rate
- 5
- Gross Adjusted Income
- $363,079
- Tax Year
- 2025
- Insurance Expense
- $11,870
- W/S/G Expenses
- $30,525
- Total Expenses
- $132,139
- Net Operating Income
- $230,940
- Gross Rent Multiplier
- 10.99
- Cap Rate
- 5.5
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.