Grand Ave Fourplex with
For Sale
$825,000
3210 Grand Ave, Everett, WA 98201
1915-built fourplex updated with electrical and plumbing, offering two 2-bed and two 1-bed units plus partially finished basement laundry.
Property Size3,310 SF
Price / SF$249.24
Days on Market93
Property Features for 3210 Grand Ave
General Information
Standard status
Active
Size
3,310 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1915
Year Renovated
1980
Tenancy
Multi
Listing Agency:
Keller Williams Realty Bothell
Listed By:
Corey Crain · License #26492
(425) 482-6100
Source:
Joeplatz
Added: Jul 11
Changed: Sep 21
Last Checked: Oct 7 at 12:57PM
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 Keller Williams Realty Bothell
Investment Insights
Based on property information with market context.
This well-positioned Grand Ave fourplex was originally built in 1915 with an effective year built of 1980. The property includes two 2-bedroom units and two 1-bedroom units. Unit sizes are approximately 1,000 SF, 860 SF, 800 SF, and 650 SF. Upper units are described as having city, mountain, and territorial views.
Updates include upgraded electrical and copper plumbing. A large, partially finished basement adds functional common-area income opportunities, with coin-op laundry and individual storage lockers for each unit, plus a separate toilet/bathroom area. The basement also features an oversized fenced storage area with potential for additional monthly income.
Additional exterior and system updates include a roof replacement in 2019. The result is a clean, practical Everett residential income property with multiple income sources and room to further optimize basement and storage revenue potential.
Updates include upgraded electrical and copper plumbing. A large, partially finished basement adds functional common-area income opportunities, with coin-op laundry and individual storage lockers for each unit, plus a separate toilet/bathroom area. The basement also features an oversized fenced storage area with potential for additional monthly income.
Additional exterior and system updates include a roof replacement in 2019. The result is a clean, practical Everett residential income property with multiple income sources and room to further optimize basement and storage revenue potential.
Key Highlights
- 1915‑built Everett fourplex with effective year built of 1980 and updated electrical and plumbing
- Unit mix includes two 2‑bedroom units and two 1‑bedroom units (approx. 1,000 SF, 860 SF, 800 SF, and 650 SF)
- Partially finished basement offers coin‑op laundry income plus individual storage lockers for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,786
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,720
$1.1M
Cap Rate 7%
$782,657
$782.7K
Cap Rate 9%
$608,733
$608.7K
Market Conditions
NOI Build-Up for 3,310 SF
Gross rent
$83.4K $25.20/SF
− Vacancy
−$5.1K −$1.55/SF
EGI
$78.3K $23.65/SF
− OpEx
−$23.5K −$7.09/SF
NOI
$54.8K $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%
$1,095,720
Cap Rate 7%
$782,657
Cap Rate 9%
$608,733
Alternative Uses
Best Use
Multifamily LT 5
$782.7K
$684.8K – $913.1K
NOI $54,786 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$700.3K
$612.8K – $817.0K
NOI $49,022 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.10M
$958.7K – $1.28M
NOI $76,695 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,271
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
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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?
Quadplex - 1915-built fourplex updated with electrical and plumbing, offering two 2-bed and two 1-bed units plus partially finished basement laundry.
Where is this quadplex located?
The property is located at 3210 Grand Ave Everett, WA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1915‑built Everett fourplex with effective year built of 1980 and updated electrical and plumbing; Unit mix includes two 2‑bedroom units and two 1‑bedroom units (approx. 1,000 SF, 860 SF, 800 SF, and 650 SF); Partially finished basement offers coin‑op laundry income plus individual storage lockers for each unit
