Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8830 3Rd Ave SE Everett, WA 98208

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,239,780

    Well-maintained 14-unit apartment building in desirable Cascade View neighborhood.

    Property Features for 8830 3Rd Ave SE

    General Information

    Standard status
    Active

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Ted Wood
    Ted Wood
    Source: Corcoran

    Listing Agency: CAPSTONE COMMERCIAL REAL ESTATE ADVISORS Listing Agent: Ted Wood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Everett Multifamily Investment Opportunity

    Kensington Court Apartments is a 14-unit multifamily property located in the Cascade View neighborhood of Everett. Constructed in 2000, the three-story building contains approximately 14,070 square feet and is situated on a 0.45-acre site. The property features 14 two-bedroom, two-bathroom units, each averaging approximately 1,050 square feet. Units include modern finishes, in-unit washer and dryer, and private balconies. Ground-floor units also have private courtyard areas. The property is positioned as a stabilized asset in a strong South Everett location.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2288169
    Latitude
    47.9172775

    Nearby Similar for Sale

    • $500,000

      Freestanding Building Near Everett CBD

      Versatile 1,872 SF building on 13,939 SF lot.
      4601 Elm St, Everett, WA 98203
      View Details
    • $650,000

      Everett Retail/Medical Building on Broadway

      1,829 SF building suitable for retail, office, or medical use.
      1716 Broadway, Everett, WA 98201
      View Details
    • $500,000
      1,872 SF

      Free-Standing Building on Large Lot

      Versatile building with excellent visibility and convenient access to I-5.
      4601 Elm St, Everett, WA 98203
      View Details
    • $650,000
      1,829 SF

      Everett Retail Space on Broadway

      1,829 SF retail building on Broadway in Everett.
      1716 Broadway, Everett, WA 98201
      View Details
    • $2,650,000
      8,958 SF

      Everett Industrial Facility with Yard

      Purpose-built industrial facility with open-air storage and covered shop bays.
      2810 34Th St, Everett, WA 98201
      View Details
    • New
      $350,000
      1,709 SF

      Heated Hangar with Bi-Fold Door

      1,709 SF heated hangar with secure airport access.
      3220 100Th St SW, Everett, WA 98204
      View Details
    • $2,200,000

      Everett NAPA Auto Parts Property

      Single-tenant NAPA Auto Parts property in Everett, WA for sale.
      9423 Evergreen Way, Everett, WA 98204
      View Details
    • Contact for pricing

      Grocery Anchored Retail Center

      Grocery-anchored retail center with high traffic and ample parking.
      5305 Evergreen Way, Everett, WA 98203
      View Details
    • Contact for pricing
      70,935 SF

      Grocery Anchored Retail Center

      Grocery anchored shopping center in a busy Everett location.
      5305 Evergreen Way, Everett, WA 98203
      View Details
    • $750,000

      Everett Commercial Building on Evergreen

      990 SF commercial building with updated HVAC and parking.
      5802 Evergreen Way, Everett, WA 98203
      View Details
    • Contact for pricing
      47,511 SF

      Freestanding Building on Evergreen Way

      47,511 SF building on 3.71 acres with high visibility.
      6727 Evergreen Way, Everett, WA 98203
      View Details
    • $2,200,000
      10,500 SF

      Everett NAPA Auto Parts Investment

      Single-tenant NAPA Auto Parts property in Everett, WA for sale.
      9423 Evergreen Way, Everett, WA 98204
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 14-unit apartment building in desirable Cascade View neighborhood.
    Where is this apartment building located?
    The property is located at 8830 3Rd Ave SE Everett, WA.
    What is the asking price?
    The asking price for this property is $3,239,780.
    What are key features of this property?
    This property features: - Well-maintained 14-unit multifamily asset in a desirable Everett neighborhood.; - Constructed in 2000, offering a relatively modern building.; - Spacious 2-bedroom/2-bathroom units averaging 1,050 square feet.
    (206) 818-0378
    Request Owner's contact information
    8830 3Rd Ave SE Everett, WA 98208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8830 3Rd Ave SE
    Everett, WA 98208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8830 3Rd Ave SE Everett, WA 98208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ted Wood
    Ted Wood
    Real Estate License ID: #131981
    (206) 818-0378
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!