Everett, WA 98201 3323 Oakes Avenue # 1-12
$2,200,000
Pending
26 more
Presented By: Skyline Properties, Inc. and NWMLS
- MLS# 2407341
- 08/07/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 9,200
Home Details
Built in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current4.7% cap rate should stabilize near the 5% range as rents are increased in 2026, basic renovations could allow for a cap rate above 8%. Versatile unit mix of six 2-bedroom/1-bath apartments, two 2-bedroom/2-bath units,and four 1-bedroom/1-bath units, Most with in unit Laundry. Recent upgrades include two roofs replaced five years ago.Amenities including secure building access, private decks, professional landscaping, an elevator for easy accessibility, and two ADA-compliant units.14 garage parking stalls, additional guest parking, ample off-street parking, and two coin-operated laundry rooms.
Presented By: Skyline Properties, Inc. and NWMLS
Interior Features for 3323 Oakes Avenue # 1-12
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, See Remarks
Total Fireplaces
Total Stories3
General for 3323 Oakes Avenue # 1-12
AmenitiesBasement, Coin Op Laundry, Elevator, Storage
Building Area UnitsSquare Feet
Cap Rate4.7
Carport Spaces
Carport Y/NNo
CityEverett
CoolingNone
CountySnohomish
DirectionsGPS
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Radiant
High SchoolEverett High
High School DistrictEverett
Insurance Expense12500
Leasable Area9200
Listing TermsCash Out, Conventional
Lot Size Square Feet11987
Lot Size UnitsSquare Feet
MLS Area740 – Everett/Mukilteo
Middle/Junior High SchoolNorth Mid
ModificationTimestamp2025-08-20T23:13:10.680Z
NWM_ShowMapLinkY
Net Operating Income102786
New ConstructionNo
Number Of Units Total12
Open Parking Spaces2
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksBuilt in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current4.7% cap rate should stabilize near the 5% range as
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeMulti Family
Subdivision NameEverett
Tax Annual Amount19178
Tax Year2025
Unit Number1-12
Units Below Gradefalse
Units In Building Total12
ViewTerritorial
Virtual TourClick here
Water CompanyCITY Of EVERETT
Water Sewer Garbage19163
Year Built1980
Zoning DescriptionMulti-Family
Exterior for 3323 Oakes Avenue # 1-12
Building Area Total9200
Covered Spaces14
Exterior AmenitiesStucco
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Number11-14
Lot Size Acres0.2752
Parking Uncovered Spaces2
Site FeaturesCable TV, Deck
Total Parking16
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
North Mid
High School
Everett High
Elementary School
Buyer To Verify Elementary School
Josh QA1
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