Building Details

Year Built 1979

Listing Agency: JOHN L. SCOTT - MUKILTEO

Listed By: JESI WILLIAMS Show Phone

Source: Corcoran

Added: Jan 28, 2025 Changed: Oct 25 Last Checked: Oct 26 at 4:55PM

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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

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 100% Occupancy: Demonstrates strong tenant demand.
• Stabilized, Well‑Maintained Asset: A turn‑key investment.
• Central Everett Location: Convenient access to amenities.

Property Analytics

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Location Intelligence

Trade Area within ½ mile

700

Businesses Nearby

Explore this area Business Placement

Demographics for 98203, WA

37,491

Population

14,848

Households

2.5

Avg Household Size

39

Median Age

34%

College-Educated

91%

High-School Grad

11.8 sq mi

ZIP Area

3,177

Density / Sq Mi

$101,505

Median Household Income

$55,176

Median Earnings

$1,761

Median Rent

$575,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

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 Drive 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.