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1925 Lombard Ave - Three Unit Mulit-Family 3 Unit Apartment Building Offered at $1,535,000 Everett, WA 98201
Investment Highlights
- Detached Units
- Low maintenance yards
Executive Summary
Exceptional investment opportunity in North Everett! This multi-family property features three condo units—two brand-new (built 2025, never lived in) and one updated existing home. The proforma cap rate of 4.8% makes this an ideal addition to your portfolio. The two new 3-bed/2.5-bath units each include a 1-car garage, while the existing 3-bed/1-bath home offers solid rental potential. Projected rents: $2,700 per new unit and $2,500 for the existing home. Low-maintenance yards and a prime location near downtown Everett, shopping, dining, transit & I-5 make this a truly turnkey investment!
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,535,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $511,667 | Building Size | 3,238 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 3 | Year Built | 2025 |
| Property Type | Multifamily |
| Price | $1,535,000 |
| Price Per Unit | $511,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 3,238 SF |
| No. Stories | 2 |
| Year Built | 2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | - | 997 |
| 3+1 | 1 | - | 1,244 |
1 1
Walk Score®
Very Walkable (85)
-
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1925 Lombard Ave - Three Unit Mulit-Family
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