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    1313 Hewitt Ave Everett, WA 98201

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    For Sale
    $5,200,000

    Fully leased 17-unit mixed-use property with recent capital improvements.

    Property size:
    19,768 SF

    Property Features for 1313 Hewitt Ave

    General Information

    Standard status
    Active
    Size
    19,768 SF

    Building Details

    Year built
    1913

    Source: COMPASS WASHINGTON Agent BEN KAUFMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Asset in Downtown Everett

    This fully leased 17-unit mixed-use asset is located at the corner of Hewitt and Rucker in downtown Everett. The property has undergone significant capital improvements, including a new roof, fresh exterior paint, updated sewer lines, and eight renovated apartments. The residential component features nine apartments, including six 1-bedroom and three 2-bedroom units, each with modern open floor plans, stylish interiors, and LVP flooring. On-site laundry is available for residents, and there is an option to rent one of six private parking spaces. The street-level retail space consists of eight fully leased commercial units, ensuring consistent cash flow. The property is positioned within Everett’s Mixed Urban (MU) zone and has a property size of 19768 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Everett Custom Signs Sign Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.211901
    Latitude
    47.9796225

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased 17-unit mixed-use property with recent capital improvements.
    Where is this mixed-use property located?
    The property is located at 1313 Hewitt Ave Everett, WA.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - Fully leased 17-unit mixed-use asset in downtown Everett, providing immediate cash flow.; - Significant capital improvements completed, including a new roof, exterior paint, updated sewer lines, and eight renovated apartments.; - Nine residential apartments with modern open floor plans, stylish interiors, and LVP flooring.
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    Everett, WA 98201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1313 Hewitt Ave Everett, WA 98201
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