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    6911 Rainier Dr Everett, WA 98203

    For Sale
    $5,400,000

    Well-maintained, fully occupied multifamily property in central Everett location.

    Building Details

    Year built
    1979

    Source: JOHN L. SCOTT - MUKILTEO Agent JESI WILLIAMS

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

    Overview

    Everett Multifamily Investment Opportunity

    Rainier Townhomes presents an opportunity to acquire a stabilized multifamily asset located in Everett. The property has maintained 100% occupancy for most of the past year, indicating strong tenant demand and professional management. Recent capital improvements include a new roof on one building and proactive maintenance across the property, ensuring structural integrity and operational efficiency. The property is situated in a central Everett location, benefiting from proximity to major employers, transit corridors, and neighborhood amenities. This location is desirable for residents and provides reliable performance for investors. The property is a turn-key asset with in-place cash flow.
    Location Intelligence

    Current Use by Public Records

    Rainier Townhouse Apartments Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.217835
    Latitude
    47.935184

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained, fully occupied multifamily property in central Everett location.
    Where is this apartment building located?
    The property is located at 6911 Rainier Dr Everett, WA.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Demonstrates strong tenant demand.; - Stabilized, Well-Maintained Asset: A turn-key investment.; - Central Everett Location: Convenient access to amenities.
    Request Owner's contact information
    6911 Rainier Dr Everett, WA 98203
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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
    6911 Rainier Dr Everett, WA 98203
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