2501 Colby Avenue, Everett, WA 98201

Local realty services provided by:Imagine Realty ERA Powered
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Listed by:rachel harwood
Office:compass
MLS#:2394216
Source:NWMLS
2501 Colby Avenue,Everett, WA 98201
$5,000,000
  • - Beds
  • - Baths
  • 15,081 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$5,000,000
  • Price per sq. ft.:$331.54

About this home

Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.

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Home facts

  • Year built:1908
  • Listing Id #:2394216
  • Updated:August 08, 2025 at 12:24 AM

Rooms and interior

  • Living area:15,081 sq. ft.

Heating and cooling

  • Heating:Baseboard, Radiators

Structure and exterior

  • Roof:Flat Roof
  • Year built:1908
  • Building area:15,081 sq. ft.
  • Lot area:0.32 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$5,000,000
  • Price per sq. ft.:$331.54
  • Tax amount:$33,658 (2025)
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