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    2301 Rucker Ave Everett, WA 98201

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    For Sale
    $1,350,000

    Multifamily property with value-add potential in desirable Everett location.

    Property Features for 2301 Rucker Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: BLAKE INVESTMENT ADVISORS Agent GABE BLAKE

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

    Overview

    Everett Multifamily Value-Add Opportunity

    This multifamily property is located in the Bayside neighborhood of Everett, offering views of Possession Sound and proximity to Downtown. The property presents a value-add opportunity, with current rents approximately 19% below market rates. There is potential to add an 8th studio apartment by converting the common laundry room in the basement, subject to Everett building department approval. The property benefits from low in-place rents and limited new construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.21082
    Latitude
    47.9870548

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with value-add potential in desirable Everett location.
    Where is this apartment building located?
    The property is located at 2301 Rucker Ave Everett, WA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Value-Add Opportunity: Current rents are 19% below market, allowing for significant rental income growth.; - Potential to Add 8th Unit: Common laundry room can be converted into an additional studio apartment (subject to approval).; - Prime "A" Everett Location: Situated in the desirable Bayside neighborhood, near downtown and offering views of Possession Sound.
    Request Owner's contact information
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    Everett, WA 98201
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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
    2301 Rucker Ave Everett, WA 98201
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