Updated Apartment
New
For Sale
$1,590,000
2210 Colby, Everett, WA 98204
Multifamily residences include in-unit laundry, dishwashers, breakfast bars, and dedicated off-alley parking.
Property Size4,752 SF
Price / SF$334.60
Days on Market7
Property Features for 2210 Colby
General Information
Standard status
Active
Size
4,752 SF
Total Parking Spaces
12
Property subtype
Multi-family
Building Details
Year Built
1986
Listing Agency:
Kidder Mathews
Listed By:
Dan S. Swanson · License #13533
(206) 296-9610
Source:
Skylineproperties
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 10 at 2:15AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
Built in 1986, this apartment property has 4,752 square feet and includes units with full-size washers and dryers, dishwashers, and breakfast bars. Recent work includes replacement roofs in 2022 and water heaters in 2023, along with electrical panel, siding, and dual-pane vinyl window upgrades. Plumbing improvements have been completed in six units. The property also has 12 off-alley parking spaces.
The Everett location is a short distance from downtown’s commercial core and about a mile from the Port of Everett’s Waterfront Place. Parks, restaurants, and grocery options are also accessible nearby.
The Everett location is a short distance from downtown’s commercial core and about a mile from the Port of Everett’s Waterfront Place. Parks, restaurants, and grocery options are also accessible nearby.
Key Highlights
- 4,752 square feet of multifamily space
- Constructed in 1986
- 12 off‑alley parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,379
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,580
$1.4M
Cap Rate 7%
$1,005,414
$1.0M
Cap Rate 9%
$781,989
$782.0K
Market Conditions
NOI Build-Up for 4,752 SF
Gross rent
$136.9K $28.80/SF
− Vacancy
−$8.9K −$1.87/SF
EGI
$128.0K $26.93/SF
− OpEx
−$57.6K −$12.12/SF
NOI
$70.4K $14.81/SF
Area
Everett, WA
Vacancy
6.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,580
Cap Rate 7%
$1,005,414
Cap Rate 9%
$781,989
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$879.7K – $1.17M
NOI $70,379 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,107 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 98204, WA
44,810
Population
18,914
Households
2.4
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
7.2 sq mi
ZIP Area
6,224
Density / Sq Mi
$66,592
Median Household Income
$44,349
Median Earnings
$1,732
Median Rent
$386,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily residences include in-unit laundry, dishwashers, breakfast bars, and dedicated off-alley parking.
Where is this multifamily property located?
The property is located at 2210 Colby Everett, WA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 4,752 square feet of multifamily space; Constructed in 1986; 12 off‑alley parking spaces
