3323 Oakes Ave, Everett, WA 98201

Introducing Royal Oakes, a strategically located investment gem in North Everett near the Everett Waterfront, Everett Station, Everett Community College, Boeing, and the Naval Station. Built in 1980, this rare Snohomish County apartment building offers a unique investment opportunity with both immediate cash flow and potential upside through increasing rent and unit renovations. Specifically, the current 5.2% cap rate should stabilize near the mid to high 5% range as rents are increased in 2026, while basic renovations could allow for a cap rate above 8%. Comprised of a versatile unit mix of six 2-bedroom/1- bath apartments, two 2-bedroom/2-bath units, and four 1-bedroom/1-bath units, this property caters to a wide range of tenants. Recent upgrades to the property include two roofs replac