Duplex with Tandem
For Sale
$624,500
2320 Ravenna St, Everett, WA 98203
Two separate units offer flexible occupancy with finished garages, individual utilities, and updated features in one residence.
Property Size1,660 SF
Price / SF$376.20
Days on Market63
Property Features for 2320 Ravenna St
General Information
Standard status
Active
Size
1,660 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
garage
composite decking with aluminum railings
retractable awnings
fully fenced side yard
dedicated garden beds
ductless mini-split systems
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Redfin
Listed By:
Brian Shields
(425) 529-5426
Source:
Withkristiandco
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 7 at 4:28PM
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 Redfin
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath units, each with a living room, primary bedroom with a large closet, and an 806-square-foot finished 2-car tandem garage with storage. Separate gas and electrical meters, individual strapped hot water tanks, gas forced-air furnaces, and ductless mini-split systems support independent operation. Unit A includes a remodeled full bathroom and dedicated laundry, while Unit B has updated vinyl flooring, granite countertops, built-in cabinetry, stainless steel appliances, and solid wood doors. Unit A’s furnace was updated in 2022.
Exterior features include Hardiplank siding, composite decking with aluminum railings, retractable awnings, and a fully fenced side yard with garden beds. The property is located at 2320 Ravenna St in Everett’s Lowell neighborhood and was built in 1956.
Exterior features include Hardiplank siding, composite decking with aluminum railings, retractable awnings, and a fully fenced side yard with garden beds. The property is located at 2320 Ravenna St in Everett’s Lowell neighborhood and was built in 1956.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Each unit includes an 806 sq ft finished 2‑car tandem garage
- Separate gas and electrical meters with individual strapped hot water tanks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,476
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,520
$549.5K
Cap Rate 7%
$392,514
$392.5K
Cap Rate 9%
$305,289
$305.3K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$41.8K $25.20/SF
− Vacancy
−$2.6K −$1.55/SF
EGI
$39.3K $23.65/SF
− OpEx
−$11.8K −$7.09/SF
NOI
$27.5K $16.55/SF
Area
Everett, WA
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,520
Cap Rate 7%
$392,514
Cap Rate 9%
$305,289
Alternative Uses
Best Use
Multifamily LT 5
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$351.2K
$307.3K – $409.8K
NOI $24,585 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$549.5K
$480.8K – $641.1K
NOI $38,463 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 98203, WA
37,491
Population
14,848
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
11.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$101,505
Median Household Income
$55,176
Median Earnings
$1,761
Median Rent
$575,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer flexible occupancy with finished garages, individual utilities, and updated features in one residence.
Where is this duplex located?
The property is located at 2320 Ravenna St Everett, WA.
What is the asking price?
The asking price for this property is $624,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Each unit includes an 806 sq ft finished 2‑car tandem garage; Separate gas and electrical meters with individual strapped hot water tanks
