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    2424 Rucker Ave Everett, WA 98201

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    For Sale
    $2,450,000

    Light value-add property with renovation upside in a desirable location.

    Property size:
    11,856 SF

    Property Features for 2424 Rucker Ave

    General Information

    Size
    11,856 SF

    Building Details

    Year built
    1969

    Source: CAPSTONE COMMERCIAL REAL ESTATE ADVISORS Agent TED WOOD

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

    Overview

    Value-Add Multifamily Investment Opportunity

    This multifamily property presents an opportunity for investors to acquire a value-add asset with potential for increased returns through renovations. Currently, 7 out of 10 units have been lightly renovated, while 3 remain untouched. The renovations include updated countertops, LVP flooring, stainless steel appliances, paint, fixtures, and hardware. One unit has in-unit laundry, while the remaining nine share a laundry facility on the lower level of the building. Further renovations, such as replacing cabinets, adding laundry to units, and modernizing interiors, could potentially increase rents by an estimated $341 or more per unit per month. There is an existing rent discrepancy of $175 per unit for both one and two-bedroom apartments, offering immediate upside. The property consists of 10 units within a building of 11,856 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage 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
    -122.2117666
    Latitude
    47.9850979

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    FAQs

    What type of property is this?
    Apartment building - Light value-add property with renovation upside in a desirable location.
    Where is this apartment building located?
    The property is located at 2424 Rucker Ave Everett, WA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: - Value-add property with substantial upside through further renovations.; - Immediate upside from in-place high-low rent discrepancy of $175 per unit.; - 7/10 units are already lightly renovated.
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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
    2424 Rucker Ave Everett, WA 98201
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