Mixed-Use Redevelopment
6325 Evergreen Everett, WA 98203
For Sale
$2,300,000
Redevelopment assemblage with existing retail storefronts and apartments, zoned MU-7 for potential mid-rise mixed-use development.
Days on Market224
Property Features for 6325 Evergreen
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
KW Everett
Listed By:
Aaron Byrne
(425) 743-3775
Source:
Century21northhomes
Added: Dec 16, 2025
Changed: Jul 10
Last Checked: Jul 26 at 9:38PM
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 KW Everett
Investment Insights
Based on property information with market context.
The offering is a two-parcel assemblage presented for Everett redevelopment, combining a main building with an additional development parcel. The asset includes 16 existing units along with retail storefronts and apartments. The property’s description also notes underutilized basement and storage areas intended to support additional income with limited capital outlay.
The combined parcel is zoned MU-7 (Mixed Urban, 7-Story), located in Everett’s high-density growth corridor on a high-visibility arterial with 30,000+ VPD. The remarks state the site is steps from a future Sound Transit Light Rail station, aligning it with the city’s stated blueprint for higher-density development.
For buyers, this configuration supports both current income through the existing residential and retail units and redevelopment planning under the MU-7 framework described in the materials. The assemblage structure, as presented, provides depth beyond a single-lot site and is positioned to accommodate a higher-density, mid-rise mixed-use concept consistent with the stated zoning and corridor planning. This is a specialized fit for investors and developers focused on assembling and repositioning multifamily and retail income assets within an identified TOD-oriented growth area.
The combined parcel is zoned MU-7 (Mixed Urban, 7-Story), located in Everett’s high-density growth corridor on a high-visibility arterial with 30,000+ VPD. The remarks state the site is steps from a future Sound Transit Light Rail station, aligning it with the city’s stated blueprint for higher-density development.
For buyers, this configuration supports both current income through the existing residential and retail units and redevelopment planning under the MU-7 framework described in the materials. The assemblage structure, as presented, provides depth beyond a single-lot site and is positioned to accommodate a higher-density, mid-rise mixed-use concept consistent with the stated zoning and corridor planning. This is a specialized fit for investors and developers focused on assembling and repositioning multifamily and retail income assets within an identified TOD-oriented growth area.
Key Highlights
- Two‑parcel assemblage in Everett with 16 existing units including retail storefronts and apartments
- In‑place 6.00% cap rate reported on the main parcel at $2,090,000
- Main building year built: 1968
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Redevelopment assemblage with existing retail storefronts and apartments, zoned MU-7 for potential mid-rise mixed-use development.
Where is this apartment building located?
The property is located at 6325 Evergreen Everett, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two‑parcel assemblage in Everett with 16 existing units including retail storefronts and apartments; In‑place 6.00% cap rate reported on the main parcel at $2,090,000; Main building year built: 1968
