Listing provided courtesy of Opal Blue Real Estate, LLCNWMLSas Distributed by MLSGrid- MLS# NWM2547331
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Request Info2519 Baker AvenueEverett, WA 98201
Multi-Family · 6 Beds · 3,350 Sq. ft. | 0.14 Acres$1,150,000
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2519 Baker Avenue Overview
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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.
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2519 Baker Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 3,350
- Price/Sq.ft. $343
- Lot 0.14 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Everett
Income/Expenses
- Other Expense: 5000
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 91884
- Insurance Expense: 3012
- Net Operating Income: 71016
- Total Expenses: 19031
- Total Monthly Income: 7657
- Water/Sewer/Garbage: 3671
Building Information
- New Construction: No
- Year Built: 1910
Location/Region
- Country: US
- County Or Parish: Snohomish
- MLS Area Major: 740 - Everett/Mukilteo
- Subdivision Name: Riverside
Community/Development
- Amenities: Basement,Coin Op Laundry
Tax Information
- Tax Annual Amount: $7,348.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 00437857100900
- Possible Use: Multi-Family
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 3350
- Building Area Units: Square Feet
- Calculated Square Footage: 3350
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank, Carpet
- Foundation Details: Pillar/Post/Pier, Poured Concrete
- Heating: Yes
- Leasable Area: 3350
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric,Natural Gas
- Security Features: Partially Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 2
- Parking Uncovered Total: 2
Lot Information
- Irrigation Water Rights: No
- Lot Features: Dead End Street, Sidewalk
- Lot Size Acres: 0.14
- Lot Size Square Feet: 6098
- Lot Size Units: Square Feet
- Site Features: Cable TV, Deck, Fenced-Partially, Patio
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood, Wood Products
- Number Of Units Total: 5
- Sewer: Sewer Connected
Unit Information
Unit 3 Details
- Actual Rent: 1300
- Beds Total: 0
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1365
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1590
- Beds Total: 1
- Baths Total: 1
Unit 5 Details
- Actual Rent: 1650
- Beds Total: 2
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1725
- Beds Total: 2
- Baths Total: 1
2519 Baker Avenue Neighborhood
Community
98201 (Everett) Demographics
40
Median Age
3,031
Population Density (per sq. mile)
36%
College Educated
$59,357
Estimated Median Income
5,563
Estimated Total Home Owners
7,575
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2519 Baker Avenue Monthly Cost
2519 Baker Avenue Market Data
Based on the last 30 days in this zip code
$554,938
Average List Price
$401
Average Price per Square Foot
24
Properties Sold
48
Average Days on Market
116
Properties for Sale
2519 Baker Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: NWMLS | June 29, 2026 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |