6325 Evergreen Way, Everett, WA 98203

Local realty services provided by:Knipe Realty ERA Powered
Listed by: aaron byrne
Office: kw everett
MLS#:2479732
Source:NWMLS
6325 Evergreen Way,Everett, WA 98203
$2,400,000
  • - Beds
  • - Baths
  • 11,895 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,400,000
  • Price per sq. ft.:$201.77

About this home

FLAGSHIP EVERETT 2044 REDEVELOPMENT | MU-7 (2-STORY) | 5.44% CAP. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play," delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents are currently significantly below market, providing a clear value-add opportunity to immediately increase NOI and yield while pursuing future development.Under utilized basement and storage rooms. THE ASSEMBLAGE ADVANTAGE: This 2-parcel footprint provides the critical depth and scale necessary for institutional-grade mid-rise construction. Unlock maximum unit yield and optimized parking configurations under new TOD mandates. Single-lot sites in this corridor cannot achieve this level

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Home facts

  • Year built:1968
  • Listing ID #:2479732
  • Updated:February 20, 2026 at 07:55 PM

Rooms and interior

  • Living area:11,895 sq. ft.

Structure and exterior

  • Roof:Built Up
  • Year built:1968
  • Building area:11,895 sq. ft.
  • Lot area:0.27 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,400,000
  • Price per sq. ft.:$201.77
  • Tax amount:$11,541 (2025)
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