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About the Listing 2016 - 147407
Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.
Listing Highlights for 2501 Colby Ave
Status
Active
Days on Site
79
Property Type
Multi-Family
MLS ®
2394216
Year Built
1908
Total Square Footage
1,413
Lot/Acreage
0.32
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Alley,Corner Lot,Paved,Sidewalk,Cable TV,High Speed Internet,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 21
- Zoning: Multi-Family
- Roof: Flat
- Others: Brick
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $33,658
- Taxes w/Assessments: N/A
- Tax/Property ID: 00517156200100
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
2501 Colby Ave Everett, WA 98201
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