Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2529127
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Request Info3116 18th StreetEverett, WA 98201
Multi-Family · 8 Beds · 3,400 Sq. ft. | 0.14 Acres$1,350,000
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3116 18th Street Overview
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Everett 4 Unit: 6.89% cap rate. One unit vacant, making this ideal for an owner-occupier to live in one unit while the remaining three cover the mortgage. Long-term tenants in place providing stability and reliable cash flow. All units are 2BD/1BA at 850 SF each (3,400 NRA) on a 6,098 SF lot. Infrastructure highlights include a 4-year-old roof, copper and ABS plumbing, and GE electrical panels, minimizing near-term cap-ex and providing peace of mind for the incoming investor. Units feature forced air heating, on-site laundry, and two units have back patios. 10 parking spaces (2.5/unit) adds convenience and tenant retention value. Upside available through strategic market rent adjustments as the surrounding Everett market continues to grow — making this an ideal core hold for any investor seeking steady income with long-term appreciation potential.
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3116 18th Street Facts & Features
- Type Multi-Family
- Sq. ft. 3,400
- Price/Sq.ft. $397
- Lot 0.14 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Everett
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 112128
- Insurance Expense: 2188
- Net Operating Income: 92981
- Total Expenses: 16904
- Total Monthly Income: 9344
- Water/Sewer/Garbage: 7248
Building Information
- New Construction: No
- Year Built: 1979
Location/Region
- Country: US
- County Or Parish: Snohomish
- MLS Area Major: 740 - Everett/Mukilteo
- Subdivision Name: Everett
Community/Development
- Amenities: Coin Op Laundry,See Remarks
Tax Information
- Tax Annual Amount: $7,468.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional, FHA, VA Loan
- Parcel Number: 00556340503100
- 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 Possible: 8
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 3400
- Building Area Units: Square Feet
- Calculated Square Footage: 3400
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Laminate, See Remarks
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3400
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 10
- Parking Uncovered Total: 10
Lot Information
- Irrigation Water Rights: No
- Lot Features: Corner Lot
- Lot Size Acres: 0.14
- Lot Size Dimensions: 6098
- Lot Size Square Feet: 6098
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Quadruplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood Products
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 4 Details
- Actual Rent: 2140
- Beds Total: 2
- Baths Total: 1
Unit 1 Details
- Actual Rent: 2350
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 2412
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 2412
- Beds Total: 2
- Baths Total: 1
3116 18th Street 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.3116 18th Street Monthly Cost
3116 18th Street 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