6325 Evergreen Way Everett, WA 98203
Pinehurst NeighborhoodEstimated payment $13,433/month
About This Home
PRICE ADJUSTMENT -EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,300,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30,000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.
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 |
|---|---|---|---|---|
| 05/07/2026 05/07/26 | Price Changed | $2,300,000 | -4.2% | $193 / 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID
- 929 Pecks Dr
- 6705 Cady Rd
- 5915 Highway Place Unit 201
- 6628 Beverly Blvd
- 5809 Highway Place Unit A203
- 6421 Cypress St
- 6919 Cady Rd
- 7109 Rainier Dr Unit G
- 7030 Beverly Blvd
- 7118 Highland Dr
- 5810 Fleming St Unit 82
- 5810 Fleming St Unit 23
- 820 Cady Rd Unit F105
- 820 Cady Rd Unit H304
- 820 Cady Rd Unit F103
- 5726 East Dr
- 1802 70th Place SE
- 1515 73rd St SE
- 6916 Beverly Ln
- 7402 Olympic Dr
- 7211 Rainier Dr
- 1031 75th St SE
- 701 75th St
- 500 75th St SE Unit 10
- 1111 47th St SE
- 8102 Evergreen Way
- 505 Wood Place
- 120 W Casino Rd
- 711 W Casino Rd
- 702 W Casino Rd
- 9300 W Mall Dr
- 8530 5th Ave W
- 420 85th Place SW
- 227 Dorn Ave
- 227 Dorn Ave
- 233 Dorn Ave Unit 1
- 8710 5th Ave W
- 1707 Merrill Creek Pkwy
- 1205 W Casino Rd
- 1020 W Casino Rd
Ask me questions while you tour the home.