1030 Ttereve Dr, Everett, WA 98203
33-unit multifamily property in Everett with renovation and income growth potential.
- Added:
- May 22, 2025
- Days on Market:
- 384
- Last Refresh:
- May 10 at 9:49 pm
Property Features for 1030 Ttereve Dr
General Information
- Standard status
- Active
- Size
- 30,468 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agent JESI WILLIAMS
Listing office JOHN L. SCOTT - MUKILTEO
Listing date May 22, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT - MUKILTEO
HighLights
- Centrally located 33‑unit multifamily asset.
- Consistent performance with meaningful upside potential.
- Scheduled rent increases taking effect June 1st.
- Utility reimbursements introduced in summer 2024.
- Roughly one‑third of the units have undergone full, functional renovations.
- Clear path to increased cash flow and long‑term equity growth.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $877.5k | $28.80 |
| − Vacancy | −$57.0k | −$1.87 |
| EGI | $820.4k | $26.93 |
| − OpEx | −$369.2k | −$12.12 |
| NOI | $451.2k | $14.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Snohomish
- State
- Washington
- Longitude
- -122.218
- Latitude
- 47.934
