3718 Wetmore Avenue Everett WA 98201 MLS #NWM2388279

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Listing Provided Courtesy of Windermere Real Estate M2 LLC
Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic “sweat equity” opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings…buyer to verify to their own satisfaction. Coin operated laundry.
Current real estate data for Multi Family in Everett as of Sep 01, 2025
41
Multi Family Listed
71
Avg DOM
331
Avg $ / SqFt
$1,373,301
Avg List Price

Property Details

Price:
$1,199,950
MLS #:
NWM2388279
Status:
Pending
Beds:
0
Baths:
0
Type:
Multi Family
Subdivision:
Downtown
Neighborhood:
740 – Everett/Mukilteo
Listed Date:
Jun 5, 2025
Finished Sq Ft:
4,100
Total Sq Ft:
4,100
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1910
Units:
5
740 – Everett/mukilteo740 – Everett/mukilteoDowntownEverettJackson ElemNorth MidEverett High

Schools

School District:
Everett
Elementary School:
Jackson Elem
Middle School:
North Mid
High School:
Everett High

Interior

Cooling
None
Flooring
Laminate, Vinyl, Carpet
Heating
Baseboard, Wall Unit(s)

Exterior

Construction Materials
Wood
Exterior Features
Wood
Parking Spots
8
Roof
Composition
Security Features
Fully Fenced, Security System

Financial

Net Operating Income
$62,997
Tax Year
2024
Taxes
$9,103

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Property Summary

    Located in the Downtown subdivision, 3718 Wetmore Avenue Everett WA is a Multi Family for sale in Everett, WA, 98201. It is listed for $1,199,950 To schedule a showing of MLS#nwm2388279 at 3718 Wetmore Avenue in Everett, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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