2232 Hoyt Avenue, Everett, WA 98201

Everett
Local realty services provided by:Knipe Realty ERA Powered
Listed by: grant fosheim
Office: opal blue real estate, llc.
MLS#:2547568
Source:NWMLS
2232 Hoyt Avenue,Everett, WA 98201
$1,195,000
  • - Beds
  • - Baths
  • 3,070 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,195,000
  • Price per sq. ft.:$389.25

About this home

Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is...

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Home facts

  • Year built:1905
  • Listing ID #:2547568
  • Updated:June 30, 2026 at 11:12 AM

Rooms and interior

  • Flooring:Vinyl Plank
  • Living area:3,070 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition, Flat Roof
  • Year built:1905
  • Building area:3,070 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Corner, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Fenced-Partially

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,195,000
  • Price per sq. ft.:$389.25
  • Tax amount:$6,003 (2026)

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:2
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