2501 Rucker Avenue, Everett, WA 98201
- $1,895,000
- 6,200
- SqFt
Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
- List Price
- $1,895,000
- Status
- ACTIVE
- MLS#
- 2583036
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,200
- Area Total SqFt
- 6200
- Annual Tax Ammount
- 10993
- Internet Provider
- N/A
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
Well-managed, well maintained 8-unit apartment building in Everett's highly desirable Bayside neighborhood, steps from the Port of Everett's ongoing waterfront redevelopment and minutes to Downtown Everett. Recent capital improvements include all-new hot water tanks, new garage doors, new exterior lighting, and restriped parking (2023–2026); 6 of 8 units renovated 2021–2026 with new double-pane vinyl windows, LVP flooring, fresh paint and other tasteful updates — leaving a new owner with minimal deferred maintenance and a building positioned for immediate, hands-off ownership. Unit mix of (4) 1bd/1ba and (4) 2bd/1ba units totaling 6,200 SF. 3-car secure garage plus 6 off-street stalls, on-site laundry, and private storage lockers for every unit. Minutes to Providence Regional Medical Center and I-5/SR-526, with strong access to Everett's growing employment base. 5.86% current cap / 6.47% market cap with approximately $14,280 in annual rent upside as units turn — a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.
Additional Information
- List Date
- 2026-09-22 18:28:12
- Community
- Downtown
- Net Operating Income
- $111,108
- Gross Adjusted Income
- $161,218
- Gross Scheduled Income
- $164,508
- Total Monthly Income
- $13,709
- Insurance Expenses
- $4,143
- Water/Sewer/Garbage Expenses
- $6,299
- Gross Rent Multiplier
- 11.75
- Total Expenses
- $50,109
- Cap Rate
- 5.86
- Vacancy Rate
- 2
- Total Number of Units
- 8
- Unit Name
- 2501
- Potential Terms
- Cash, Conventional
- Year Built
- 1965
- View
- Sound
- Roof
- Composition
- Electric Expenses
- 1010
- Other Expenses
- 27664
- Energy Source
- Electric
- School District
- Everett
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $13,709
- Gross Scheduled Income
- $164,508
- Vacancy Rate
- 2
- Gross Adjusted Income
- $161,218
- Tax Year
- 2026
- Insurance Expense
- $4,143
- W/S/G Expenses
- $6,299
- Total Expenses
- $50,109
- Net Operating Income
- $111,108
- Gross Rent Multiplier
- 11.75
- Cap Rate
- 5.86
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.