Apartment Building with
New
For Sale
$1,590,000
2212 Colby Ave 2210, Everett, WA 98204
Apartment interiors include full-size washers and dryers, dishwashers, and breakfast bars.
Property Size4,752 SF
Price / SF$334.60
Days on Market7
Property Features for 2212 Colby Ave 2210
General Information
Standard status
Active
Size
4,752 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Amenities
washer/dryer
dishwasher
breakfast bar
Building Details
Year Built
1986
Listing Agency:
Kidder Mathews
Listed By:
Dan S. Swanson · License #13533
(206) 296-9610
Source:
Handrisrealty
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 10 at 2:44AM
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.
This 4,752-square-foot apartment building was constructed in 1986. Units feature full-size washers and dryers, dishwashers, and breakfast bars. The property has 12 off-alley parking spaces. Improvements include roofs replaced in 2022, water heaters installed in 2023, updated electrical panels and siding, dual-pane vinyl windows, and plumbing work in 6 units.
The building is a few blocks from downtown Everett’s commercial core and approximately a mile from the Port of Everett’s Waterfront Place. Parks, restaurants, and grocery options are also accessible nearby.
The building is a few blocks from downtown Everett’s commercial core and approximately a mile from the Port of Everett’s Waterfront Place. Parks, restaurants, and grocery options are also accessible nearby.
Key Highlights
- 4,752‑square‑foot apartment building, built in 1986
- 12 off‑alley parking spaces
- Full‑size washers and dryers, dishwashers, and breakfast bars in units
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?
Apartment building - Apartment interiors include full-size washers and dryers, dishwashers, and breakfast bars.
Where is this apartment building located?
The property is located at 2212 Colby Ave 2210 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‑foot apartment building, built in 1986; 12 off‑alley parking spaces; Full‑size washers and dryers, dishwashers, and breakfast bars in units
