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2501 Colby Avenue, 
Everett, WA 98201

$5,000,000

—

Bed

—

Bath

15,081

Sq Ft

Multi-Family

Active

Listed by

Rachel Harwood

Compass

Last updated:

July 28, 2025, 06:53 PM

MLS#

2394216

Source:

NWMLS

About This Home

2501 Colby Avenue

Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.

Home Facts

Multi-Family

Built in 1908

Price Summary

5,000,000

$331 per Sq. Ft.

MLS #:

2394216

Last Updated:

July 28, 2025, 06:53 PM

Rooms & Interior

Interior

Living Area:

15,081 Sq. Ft.

Structure

Structure

Building Area:

15,081 Sq. Ft.

Year Built:

1908

Lot

Lot Size (Sq. Ft):

13,939

Finances & Disclosures

Finances

Price:

$5,000,000

Price per Sq. Ft:

$331 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of August 2, 2025. 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 for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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