6325 Evergreen Way Everett, WA 98203
Pinehurst NeighborhoodEstimated payment $13,774/month
About This Home
FLAGSHIP EVERETT 2044 REDEVELOPMENT | MU-7 (2-STORY) | 5.44% CAP. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play," delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents are currently significantly below market, providing a clear value-add opportunity to immediately increase NOI and yield while pursuing future development.Under utilized basement and storage rooms. THE ASSEMBLAGE ADVANTAGE: This 2-parcel footprint provides the critical depth and scale necessary for institutional-grade mid-rise construction. Unlock maximum unit yield and optimized parking configurations under new TOD mandates. Single-lot sites in this corridor cannot achieve this level of Floor Area Ratio (FAR) potential. EVERETT 2044 VISION: Positioned in the newly adopted MU-7 (Mixed Urban, 7-story) growth corridor. Located on a high-visibility arterial (30k+ VPD) steps from future Sound Transit Light Rail. Capitalize on Everett’s blueprint for density in a submarket primed for transformation. Sold as-is. Buyer to verify all development yield.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2479732
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,541
Year Built
- Built in 1968
Lot Details
- 11,761 Sq Ft Lot
Parking
- 6 Car Garage
Home Design
- Built-Up Roof
Interior Spaces
- 11,895 Sq Ft Home
- 2-Story Property
- Territorial Views
Community Details
- No Home Owners Association
- Evergreen Subdivision
Listing and Financial Details
- Assessor Parcel Number 00392900401200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $11,541 | $1,334,200 | $485,000 | $849,200 |
| 2025 | $12,266 | $1,322,800 | $485,000 | $837,800 |
| 2024 | $12,266 | $1,427,100 | $470,000 | $957,100 |
| 2023 | $10,773 | $1,310,700 | $609,400 | $701,300 |
| 2022 | $11,115 | $1,213,100 | $291,000 | $922,100 |
| 2020 | $26,320 | $1,294,900 | $291,000 | $1,003,900 |
| 2019 | $18,805 | $1,685,400 | $279,000 | $1,406,400 |
| 2018 | $19,647 | $1,614,100 | $261,000 | $1,353,100 |
| 2017 | $17,953 | $1,469,000 | $279,000 | $1,190,000 |
| 2016 | $16,731 | $1,439,000 | $270,000 | $1,169,000 |
| 2015 | $16,811 | $1,362,000 | $261,000 | $1,101,000 |
| 2013 | $16,980 | $1,214,000 | $237,000 | $977,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/10/2026 02/10/26 | For Sale | $2,400,000 | -- | $202 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2479732
APN: 00392900401200
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