1422 Chestnut Street, Everett, WA 98201

$1,300,000
4,394
SqFt

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Listing courtesy of Windermere Real Estate Co.. Selling Office: Opal Blue Real Estate, LLC.

Sold Price
$1,300,000
List Price
$1,400,000
Status
SOLD
MLS#
2451755
Closing Date
Dec 29, 2025
Days on Market
36
Style
55 - 5-9 Units
Finished SqFt
4,394
Area Total SqFt
4394
Annual Tax Ammount
9756
Lot Size (sq ft)
10,019
Sewer
Sewer Connected

Property Description

Professionally managed Delta 8 Apartments with sweeping Cascade views, coin-op laundry, pkng lot for 10 + extra street pkng. All 8 units are 1-bed/1-bath w/large living areas. Interior photos of unit #6 show contents virtually removed; modifications may slightly affect appearance. Coveted Triangle Trading Post/Days Mkt across the street offers fresh produce, waffles, sandwiches, ice cream, espresso & sweet treats. Nearby Sen. Henry M. Jackson Park has pathways, a dog park & community garden. Easy I-5 access, near Everett CC. Buses 1/10mi to 4S (Everett Station) & 29N (College Station); 1mi to Everett Station—Amtrak, Sounder, Everett Transit. 1.5mi away, Everett Waterfront & Everett Station offer scenic recreation & easy transit access.

Additional Information

List Date
2025-11-23 00:00:00
Community
North Everett
Net Operating Income
$67,905
Gross Adjusted Income
$103,528
Gross Scheduled Income
$119,700
Total Monthly Income
$10,495
Insurance Expenses
$4,665
Water/Sewer/Garbage Expenses
$5,115
Gross Rent Multiplier
11.69
Total Expenses
$35,622
Cap Rate
4.85
Total Number of Units
8
Unit Name
1422
Potential Terms
Cash Out, Owner Financing
Year Built
1978
View
Mountain(s), See Remarks, Territorial
Roof
Metal
Site Features
Cable TV
Electric Expenses
679
Other Expenses
15406
Energy Source
Electric
School District
Everett
Total Monthly Income
$10,495
Gross Scheduled Income
$119,700
Gross Adjusted Income
$103,528
Tax Year
2024
Insurance Expense
$4,665
W/S/G Expenses
$5,115
Total Expenses
$35,622
Net Operating Income
$67,905
Gross Rent Multiplier
11.69
Cap Rate
4.85
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.
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