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Property profile

3614 Broadway Everett, WA 98201

FOR SALE
Office buildings
Property ID
US90-0897601
1,517 SF 0.14 ac lot Built 1910
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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For Sale
$560,000 1,517 SF
3614 Broadway, Everett, WA 98201
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Property summary

AI-generated overview

This Everett, WA mixed-use property presents a compelling investment opportunity. Located at 3614 Broadway, this offering encompasses two distinct buildings totaling 2,477 square feet on a 6,098 square foot lot. The property boasts a prime location in the Broadway Business District, enjoying high visibility with over 29,600 cars passing daily. Suite A, a 960 square foot office space, features four rooms, a reception area, and a half-bathroom, complete with newer roofing and flooring. Suite B is a charming historic 1 ½-story building with a basement, a detached two-car garage, and alley access, showcasing newer interior paint, carpet, and LVP flooring. The property is zoned for mixed use, offering significant potential. Currently generating a NOI of $26,539 and a 4.42% cap rate, the asking price is $599,995. The property includes two units, three bedrooms, and is situated on a lot with 50 feet of street frontage. Built in 1910 and 1962, the two-story building features annual rent riders. The property is sold as-is. Owner financing is available with a $250,000 down payment, a 6% interest rate, amortized over 30 years, and due in 5 years. The property is conveniently located within walking distance of various shops and restaurants, and just two blocks from Funko Field (Everett AquaSox Baseball Club). The current lease is a gross lease with two tenants, with a remaining term of 1.5 years, expiring May 31, 2026.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1910
Construction WOOD
Total area 1,517 SF
Lot 0.14 ac (6,098 SF)
Zoning code F2
APN 437388002500
UPID US90-0897601

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center

Location

3614 Broadway Everett, WA 98201
Everett metro Census 41000 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2025
Last sale
$520,000
1 recorded transaction
2025
$520,000

Zoning & alternative use

F2 · Everett, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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