Mixed-Use Asset in Downtown
For Sale
$4,550,000
1313 Hewitt Avenue, Everett, WA 98201
Fully leased 17-unit mixed-use asset with development potential.
Lot Size0.33 Acres
Days on Market538
Property Features for 1313 Hewitt Avenue
General Information
Standard status
Active
Lot size
0.33 Acres
Property subtype
Commercial
Building Details
Year Built
1913
Listing Agency:
COMPASS
(425) 637-7777
Listed By:
BEN KAUFMAN
Source:
Corcoran
Added: Feb 8, 2025
Changed: Jul 6
Last Checked: Jul 19 at 4:16AM
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 COMPASS
Investment Insights
Based on property information with market context.
This fully leased 17-unit mixed-use asset is located at Hewitt and Rucker in downtown Everett. Capital improvements have been completed, including a new roof, paint, sewer, and 8 renovated apartments. The property features 9 apartments, consisting of 6 one-bedroom and 3 two-bedroom units with open floor plans, stylish interiors, and LVP flooring. Residents have access to on-site common laundry and the option to rent one of 6 on-site parking spaces. The street level comprises 9 retail units, which are 100% leased. The acquisition secures a stabilized asset with potential for future development and appreciation. The zoning is Mixed Urban (MU), and zoning maps indicate potential building heights of up to 12 to 25 floors.
Key Highlights
- Fully leased 17‑unit mixed‑use asset in downtown Everett, providing immediate income.
- Significant capital improvements completed, including new roof, paint, sewer, and 8 renovated apartments.
- Mixed Urban (MU) zoning allows for potential future development with building heights up to 12‑25 floors (buyer to verify).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,881
Businesses Nearby
Explore this area
Business Placement
Demographics for 98201, WA
30,421
Population
15,196
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
91%
High-School Grad
18.8 sq mi
ZIP Area
1,618
Density / Sq Mi
$73,822
Median Household Income
$48,830
Median Earnings
$1,443
Median Rent
$476,900
Median Home Value
Market
Properties on Market for Mixed-use properties in Snohomish County
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased 17-unit mixed-use asset with development potential.
Where is this mixed-use property located?
The property is located at 1313 Hewitt Avenue Everett, WA.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: Fully leased 17‑unit mixed‑use asset in downtown Everett, providing immediate income.; Significant capital improvements completed, including new roof, paint, sewer, and 8 renovated apartments.; Mixed Urban (MU) zoning allows for potential future development with building heights up to 12‑25 floors (buyer to verify).
