1921 Chestnut St Everett, WA 98201
This well-maintained Everett duplex presents a compelling investment opportunity. Located at 1921 Chestnut St, this single-story, 1992-built building boasts 1,996 square feet of net rentable space on a 6,970 square foot lot. The property features two spacious units, each offering two bedrooms, 1.75 bathrooms, and a walk-in closet in the primary bedroom. Recent upgrades (2020 & 2024) include new appliances, countertops, and interior paint, enhancing the contemporary feel. Both units include a spacious living room, pantry, and in-unit washer/dryer. A new roof was installed in 2020. One unit is currently rented at market rate, providing immediate income. The second unit is vacant, allowing for owner-occupancy or immediate rental potential. Ample parking is available with four designated spots adjacent to the building, plus additional street parking. The property's convenient location near shopping, Providence Regional Medical Center, and Interstate 5 adds to its appeal. The property is zoned R2 and is offered as a 1031 exchange opportunity. This stabilized investment, classified as a Class B multifamily property, is priced at $740,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.