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$3,975,000
2583030 MLS ⋅ ACTIVE Status
Well-maintained, well-managed 16-unit apartment building available in Everett's Cascade View neighborhood, reflecting disciplined, proactive ownership. 12 of 16 units have been renovated from tasteful refreshes (LVP flooring, updated bathrooms, modern fixtures) to full remodels with new kitchens, bathrooms and in-unit washer/dryer. Building-wide systems have been kept current as well, with a new roof, new exterior paint, and new double-pane vinyl windows all completed in 2024, a 2024 common area refresh (fresh paint, carpet, lighting), and a remote-access garage gate replaced in 2022. Fully leased with staggered lease terms and zero delinquencies, shows active management that results in value for the new owner. Unit mix of (8) 1bd/1ba at 651 SF and (8) 2bd/1ba at 882 SF. Amenities built for tenant retention: 18 secure, gated garage parking stalls, a shared app-based laundry room, and a private storage locker for every unit — a meaningful differentiator in this submarket. For a new owner, the building hands off cleanly, with no deferred maintenance backlog and a defined, low-risk runway to continue the existing renovation program on the remaining units or to operate as-is. Located in Central Everett's Glacier View submarket, minutes from Boeing, Paine Field, and Providence Regional Medical Center. A rare opportunity to acquire a renovated, stabilized asset with genuine mark-to-market upside in one of Snohomish County's most active employment corridors.

4230 Hoyt Avenue, Everett

Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com

$4,850,000
2555393 MLS ⋅ ACTIVE Status
The Cove Apartments offers investors a compelling combination of strong in-place cash flow, recent capital improvements, and long-term upside in the growing Marysville market. The property has benefited from significant interior and exterior upgrades, including renovated apartment homes, in-unit washers and dryers in every unit, fresh exterior paint, updated signage, and ample on-site parking, creating a low-maintenance investment that continues to attract tenant demand. Currently operating at a strong 6.91% in-place cap rate, The Cove delivers exceptional day-one returns while offering future rental growth potential. Its functional unit mix, proven operational performance, and recent improvements provide stability and long-term value appreciation. Conveniently located near Interstate 5, State Route 529, and State Route 9, residents enjoy easy access to major employment centers throughout Snohomish County and the greater Seattle area. Supported by strong population growth, expanding infrastructure, limited multifamily supply, and sustained economic investment across the North Puget Sound region, The Cove Apartments represents an outstanding opportunity to acquire a well-positioned, income-producing asset with both immediate cash flow and long-term investment potential.

7234 47th Avenue NE, Marysville

Listing Broker: Paragon Real Estate Advisors; Tanner Fogle; 206-623-8880; Tanner@paragonrea.com

$7,150,000
2555202 MLS ⋅ ACTIVE Status
The Nyland Apartments, a 19-unit multifamily investment opportunity located in highly desirable Edmonds, Washington. Completed in 2021, this charming residential community offers investors the rare chance to acquire a newly constructed property in one of the Puget Sound's most coveted and supply-constrained submarkets. The property sits on approximately one acre of land (51,000+ square feet) zoned for multifamily use, providing long-term flexibility and redevelopment potential in a rapidly growing suburban environment. The Nyland Apartments feature spacious units averaging 783 square feet with high-end interior finishes including: stainless steel appliances, granite countertops, vinyl flooring, and marble-inspired surfaces throughout. Residents benefit from modern living amenities such as air conditioning, in-unit washer and dryer, walk-in closets, and private patios or balconies compelling opportunity for investment.

8509 244th Street SW, Edmonds

Listing Broker: The Preview Group; Roy Gursli; 425-210-5502; rgursli@gmail.com

$3,600,000
2514556 MLS ⋅ ACTIVE Status
There are 20 generously sized 1 BR units plus 2 studio units for a total of 22 units. The studio units are the non conforming units and were recreation rooms before being made into studios over 30 years ago. Each unit has one tuck under parking space and a storage unit. Laundry is located in two laundry rooms, one in each building. See attached docs for seller disclosure. There are 24 under building parking stalls and storage units. New roof within last 3 years completely redone with PVC roofing material with new insulation and plywood!

1902 -1904 W Casino Road, Everett

Listing Broker: Windermere Real Estate GH LLC; Dave Watkins; 206-972-5486; dwatkins@windermere.com

$7,000,000
2495756 MLS ⋅ ACTIVE Status
Newly available in a highly desirable Edmonds. Inquire about possible seller financing. 12 townhomes priced well below replacement cost at $338 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.

16415 48th Avenue W, Edmonds

Listing Broker: Specialty Real Estate Group; Adrian Chu; 206-407-5452; TeamAdrian@sregusa.com

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