Everett, WA 98201 3718 Wetmore Avenue
$1,199,950
Pending
18 more
Presented By: Windermere Real Estate M2 LLC and NWMLS
- MLS# 2388279
- 06/05/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,100
Home Details
Rare opportunity in a great location! Two structures on one 9500 square foot lot. The single family home was the original structure and was built in 1910. The four-plex was built in 1988 on the south side of the parcel. Alley access with 8 parking spaces. Currently, the property is dramatically under-capitalized. Some clean-up and updating could lead to positive cash flow once fully rented. The financial information provided is mostly hypothetical, but based on conservative market expectations. This is a fantastic “sweat equity” opportunity. Rent all five units or live in the house and have rental income from the 4-plex. It may be permissible to separate the two buildings…buyer to verify to their own satisfaction. Coin operated laundry.
Presented By: Windermere Real Estate M2 LLC and NWMLS
Interior Features for 3718 Wetmore Avenue
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 3718 Wetmore Avenue
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Cap Rate5
Carport Spaces
Carport Y/NNo
CityEverett
CoolingNone
CountySnohomish
DirectionsBroadway Avenue Exit from 1-5 north. Left off of Broadway onto 37th Street. Left onto Wetmore Aveune.
Electric Expense
Elementary SchoolJackson Elem
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Wall Unit(s)
High SchoolEverett High
High School DistrictEverett
Insurance Expense2200
Leasable Area4100
Listing TermsCash Out, Conventional
Lot Size Square Feet9583
Lot Size UnitsSquare Feet
MLS Area740 – Everett/Mukilteo
Middle/Junior High SchoolNorth Mid
ModificationTimestamp2025-08-28T23:17:11.015Z
NWM_ShowMapLinkY
Net Operating Income62997
New ConstructionNo
Number Of Units Total5
Open Parking Spaces8
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksRare 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
RoofComposition
Security FeaturesFully Fenced, Security System
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeQuadruplex
Subdivision NameDowntown
Tax Annual Amount9103
Tax Year2024
Units Below Gradefalse
Units In Building Total5
Water CompanyCity of Everett
Water Sewer Garbage500
Year Built1910
Zoning DescriptionMulti-Family
Exterior for 3718 Wetmore Avenue
Building Area Total4100
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsPillar/Post/Pier, Poured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.22
Parking Uncovered Spaces8
Site FeaturesCable TV, Fenced-Fully, Gas Available, High Speed Internet
Total Parking8
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
North Mid
Elementary School
Jackson Elem
High School
Everett High
Josh QA1
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