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3405 Rucker Ave - 3404 Rucker Ave 0.77 Acres of Residential Land Offered at $3,325,000 in Everett, WA 98201
Executive Summary
6 Contiguous lots with prime location on Rucker with MU15 Zoning. MU15 designation allows for buildings as tall as 15 stories. On bus line and near bus station/rail. Great access to Boeing and other Commercial/Industrial areas. Exemption from SEPA if 200 units or less is developed. Washington State multifamily Tax exemption applies. HUD Opportunity zone. Walking distance to Medical centers. Future Upper level units will have mountain views to the east. Development Materials & Income in the supplements. Price equates to 190 units at $17,500 per unit. Opportunity for a very profitable project.
Financial Summary (Actual - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$101,292
|
$131,548.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$101,292
|
$131,548.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,126
|
$35,228.57
|
| Net Operating Income |
$74,166
|
$96,319.48
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $101,292 |
| Annual Per AC | $131,548.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $101,292 |
| Annual Per AC | $131,548.05 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $27,126 |
| Annual Per AC | $35,228.57 |
| Net Operating Income | |
|---|---|
| Annual | $74,166 |
| Annual Per AC | $96,319.48 |
Property Facts Under Contract
1 Lot Available
Lot
| Price | $3,325,000 | Lot Size | 0.77 AC |
| Price Per AC | $4,318,181.82 |
| Price | $3,325,000 |
| Price Per AC | $4,318,181.82 |
| Lot Size | 0.77 AC |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $448,700 (2026) | |
| Land Assessment | $1,934,100 (2026) | Total Assessment | $2,382,800 (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$1,934,100 (2026)
Improvements Assessment
$448,700 (2026)
Total Assessment
$2,382,800 (2026)
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3405 Rucker Ave - 3404 Rucker Ave
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