Riverside Homes with 55 - 5-9 Units Style

Welcome to Riverside, a charming neighborhood nestled in the heart of Everett, Washington, within the picturesque Snohomish County. Known for its serene landscapes and vibrant community spirit, Riverside offers an inviting blend of suburban tranquility and urban convenience.

As you stroll through the tree-lined streets of Riverside, you’ll find a delightful mix of homes, with a particular emphasis on the unique 55-59 unit style residences. These thoughtfully designed homes provide an ideal living environment for families, young professionals, and retirees alike. With spacious layouts and modern amenities, these units are perfect for those seeking both comfort and functionality.

Riverside is not just about beautiful homes; it’s also about community. The neighborhood boasts a variety of local parks, where residents can enjoy picnics, outdoor sports, and leisurely walks along the scenic riverbanks. The close-knit community organizes seasonal events that foster connections among neighbors, creating a warm and welcoming atmosphere.

Convenience is key in Riverside, with easy access to major highways and public transportation, making commutes to Seattle and surrounding areas a breeze. Additionally, the neighborhood is in proximity to a range of shopping, dining, and entertainment options, ensuring that everything you need is just a stone’s throw away.

Whether you’re looking to settle down or invest in a thriving community, Riverside in Everett, WA, offers the perfect blend of comfort, convenience, and charm. Come explore the possibilities and discover your dream home in this enchanting neighborhood!

Newest Riverside Homes with 55 - 5-9 Units Style

$1,150,000

2547331 MLS ⋅ ACTIVE Status

Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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