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    Everett Multifamily Property For Sale Title is generated by Realmo AI

    8830 3rd Ave SE, Everett, WA 98208

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    14-unit multifamily property built in 2000 in Everett, Washington.

    Type:Multifamily
    Property size:
    14,070 SF
    Price / SF:
    $230/SF
    Added:
    Feb 27, 2026
    Days on Market:
    120
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 8830 3rd Ave SE

    General Information

    Standard status
    Active
    Size
    14,070 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2000

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    Ted Wood

    Listing office Sperry Commercial

    Listing date Feb 27, 2026

    Source Crexi

    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 Sperry Commercial

    HighLights

    • 14 Large 2BR 2BA Units
    • Prime Everett Location
    • Built in 2000
    • 2‑Bedroom Units
    • 2‑Bathroom Units
    • Large Units

    Overview

    This multifamily property, constructed in 2000, features 14 large units, each with 2 bedrooms and 2 bathrooms. The property is located in Everett, Washington and has a total size of 14,070 square feet.

    Local Financial Insights For Apartment 5plus

    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 $405.2k $28.80
    − Vacancy −$26.3k −$1.87
    EGI $378.9k $26.93
    − OpEx −$170.5k −$12.12
    NOI $208.4k $14.81
    14,070 SF · lease $28.80/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.98M
    $2.60M – $3.47M (±1% cap)
    NOI $208,382 @ 7.0% cap · market cap 6.43%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.66M
    $4.08M – $5.43M (±1% cap)
    NOI $326,010 @ 7.0% cap · market cap 10.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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

    FAQs

    What type of property is this?
    Apartment building - 14-unit multifamily property built in 2000 in Everett, Washington.
    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: 14 Large 2BR 2BA Units; Prime Everett Location; Built in 2000
    More about this property
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