Duplex with Two-Story
For Sale
$849,950
532 Hawthorne Street A & B, Everett, WA 98201
Each residence has two bedrooms, two full bathrooms, a vaulted loft, and a primary bedroom on the upper level.
Property Size2,776 SF
Lot Size0.28 Acres
Price / SF$306.18
Days on Market15
Property Features for 532 Hawthorne Street A & B
General Information
Standard status
Active
Size
2,776 SF
Lot size
0.28 Acres
Property subtype
Multi Family
Site & Location
Neighborhood
Delta
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1983
Listing Agency:
HomeSmart One Realty
(360) 738-9086
Listed By:
Cathy Shelly · License #7399
(206) 714-8984
Source:
Armadahomes
Added: Oct 17
Changed: Oct 30
Last Checked: Oct 30 at 2:20PM
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 HomeSmart One Realty
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Investment Insights
Based on property information with market context.
This legal duplex contains two residences, each with two bedrooms, two full bathrooms, an upper-level primary bedroom, and a vaulted-ceiling loft. The property totals 2,776 square feet on a 12,000-square-foot lot and was built in 1983. Both units are scheduled to be vacant on November 1st.
Upper-story views extend toward the mountains and river, with Puget Sound also visible. The site lies between two dead-end city streets, allowing rear-yard access. Additional parking is available on the property. Nearby destinations identified include shopping, a freeway, schools, a hospital, a fire station, and parks.
Upper-story views extend toward the mountains and river, with Puget Sound also visible. The site lies between two dead-end city streets, allowing rear-yard access. Additional parking is available on the property. Nearby destinations identified include shopping, a freeway, schools, a hospital, a fire station, and parks.
Key Highlights
- Legal duplex with two 2‑bedroom, 2‑bathroom residences
- 2,776 square feet on a 12,000‑square‑foot lot
- Each unit includes a vaulted loft and an upper‑level primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,947
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,940
$918.9K
Cap Rate 7%
$656,386
$656.4K
Cap Rate 9%
$510,522
$510.5K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$70.0K $25.20/SF
− Vacancy
−$4.3K −$1.55/SF
EGI
$65.6K $23.65/SF
− OpEx
−$19.7K −$7.09/SF
NOI
$45.9K $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%
$918,940
Cap Rate 7%
$656,386
Cap Rate 9%
$510,522
Alternative Uses
Best Use
Multifamily LT 5
$656.4K
$574.3K – $765.8K
NOI $45,947 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$587.3K
$513.9K – $685.2K
NOI $41,114 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$918.9K
$804.0K – $1.07M
NOI $64,321 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
462
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two full bathrooms, a vaulted loft, and a primary bedroom on the upper level.
Where is this duplex located?
The property is located at 532 Hawthorne Street A & B Everett, WA.
What is the asking price?
The asking price for this property is $849,950.
What are key features of this property?
This property features: Legal duplex with two 2‑bedroom, 2‑bathroom residences; 2,776 square feet on a 12,000‑square‑foot lot; Each unit includes a vaulted loft and an upper‑level primary bedroom
