1022 Oakes Avenue, Everett, WA 98201
- $799,950
- 1,894
- SqFt
Listing courtesy of John L. Scott Everett. Selling Office: Windermere Real Estate/M2, LLC.
- Sold Price
- $799,950
- List Price
- $799,950
- Status
- SOLD
- MLS#
- 2491351
- Closing Date
- May 07, 2026
- Days on Market
- 2
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 1,894
- Area Total SqFt
- 1894
- Annual Tax Ammount
- 5281.02
- Internet Provider
- Ziply
- Lot Size (sq ft)
- 11,326
- Sewer
- Sewer Connected
Property Description
Rare opportunity to own a duplex w/ oversized 11,326 sqft lot in Everett’s Historic District now with UR4 zoning, allowing for future development potential (New UR4 Urban Residential allowing up to 4 stories - buyer to verify). Located on a quiet dead-end street just minutes from Everett Community College, Providence Hospital, downtown Everett, and major transit routes, this property combines strong rental history and long-term development upside. The existing duplex includes a 3 bed, 2 bath unit on the main level with hardwood floors, gas fireplace and an updated kitchen - blending historic charm with desired modern updates w/o losing that classic 1920’s architecture. The 2 bed, 1 bath upper unit features updated interiors, all tile bath, ample storage and a great view. The property is entirely fenced and equipped with a one-of-a-kind 18-foot powered steel swing gate, delivering added security and protected parking for multiple vehicles, boats, and RVs. The fully equipped 700' sqft detached garage/shop - featuring heat, power, and a metal roof - sparks ideas for countless possibilities. Both units are in move-in condition, offering immediate rental income potential while planning future improvements or redevelopment (buyer to verify). Easy access to downtown, shopping, restaurants, and schools. A unique opportunity for investors, builders, or owner-occupants looking to secure land with upside.
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Additional Information
- List Date
- 2026-05-05 00:00:00
- Community
- Everett
- Net Operating Income
- $32,025
- Gross Adjusted Income
- $42,600
- Gross Scheduled Income
- $42,600
- Total Monthly Income
- $3,550
- Insurance Expenses
- $2,101
- Water/Sewer/Garbage Expenses
- $1,992
- Gross Rent Multiplier
- 18.77
- Total Expenses
- $9,374
- Cap Rate
- 4.15
- Total Number of Units
- 2
- Unit Name
- 1022
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1920
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, Gas Available, Gated Entry, High Speed Internet, Outbuildings, Outdoor Fireplace, RV Parking, Shop
- Energy Source
- Electric, Natural Gas
- School District
- Everett
- Elementary School
- Whittier Elem
- Middle School
- North Mid
- High School
- Everett High
- Total Monthly Income
- $3,550
- Gross Scheduled Income
- $42,600
- Gross Adjusted Income
- $42,600
- Tax Year
- 2025
- Insurance Expense
- $2,101
- W/S/G Expenses
- $1,992
- Total Expenses
- $9,374
- Net Operating Income
- $32,025
- Gross Rent Multiplier
- 18.77
- Cap Rate
- 4.15
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.