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.
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 3:12 am
Property Features for 3210 Grand Ave
General Information
- Standard status
- Active
- Size
- 3,316 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing office Crain Real Estate (425) 482-6100
Listing date Jul 9, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Crain Real Estate
Investment Insights
Based on property information with market context.
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.6k | $25.20 |
| − Vacancy | −$5.2k | −$1.55 |
| EGI | $78.4k | $23.65 |
| − OpEx | −$23.5k | −$7.09 |
| NOI | $54.9k | $16.55 |
