MLS #2394216 / Listing provided by NWMLS & COMPASS.
$5,000,000
2501 Colby Avenue
Everett,
WA
98201
Sq Ft
Per Sq Ft
Year Built
Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 21
- Uncovered Parking Spaces: 21
- Open Parking Spaces: 21
Structure
- Roof: Flat
- Exterior Features: Brick
- Foundation: Poured Concrete
Lot Details
- Lot Features: Alley, Corner Lot, Paved, Sidewalk
- Acres: 0.32
- Foundation: Poured Concrete
Schools
- High School District: Everett
Lot Details
- Lot Features: Alley, Corner Lot, Paved, Sidewalk
- Acres: 0.32
- Foundation: Poured Concrete
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 21921
Stacey Tull
Broker | REALTOR®
Send Stacey Tull an email