Evergreen Homes with 56 - 10+ Units Style

Welcome to Evergreen, a charming neighborhood nestled in the heart of Everett, Washington. Known for its lush greenery and welcoming atmosphere, Evergreen offers residents a perfect blend of suburban tranquility and urban convenience. This vibrant community is characterized by its beautiful tree-lined streets, well-maintained parks, and a strong sense of camaraderie among neighbors.

Evergreen is an ideal location for families, professionals, and anyone looking to enjoy the beauty of the Pacific Northwest. The neighborhood boasts a variety of amenities, including local shops, cafes, and recreational facilities, all within easy reach. Nature enthusiasts will appreciate the proximity to stunning parks and trails, perfect for hiking, biking, and leisurely strolls. The scenic views of the surrounding mountains and waterways add to the area’s allure, making it a picturesque place to call home.

In terms of housing, Evergreen offers a diverse selection of homes, with a particular emphasis on properties featuring 56 to 10+ units. These multi-family residences provide an excellent opportunity for investors and those seeking a sense of community living. With spacious layouts and modern amenities, these homes cater to a range of lifestyles while promoting a vibrant neighborhood feel.

Evergreen is not just a place to live; it’s a community where you can thrive. Whether you’re looking for a cozy apartment or a larger multi-unit dwelling, you’ll find the perfect fit in Evergreen. Explore this delightful neighborhood today and discover the charm and opportunities that await you in this beautiful corner of Everett!

Newest Evergreen Homes with 56 - 10+ Units Style

$2,300,000

2479732 MLS ⋅ ACTIVE Status

PRICE ADJUSTMENT -EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,300,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30,000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.

6325 Evergreen Way, Everett

Listing courtesy of KW Everett.

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