Everett, WA 98201 1418 Chestnut Street # 1-6
$1,295,000
2 more
Presented By: Real Property Associates and NWMLS
- MLS# 2421835
- 08/08/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,064
Home Details
This well-maintained multifamily investment opportunity is located just north of downtown Everett. Built in 1985 & each unit has been recently renovated, the property has 6 – 1BD units, each averaging 510SF w/ upper units having views of the Cascade Mountains. The property provides stable in-place income w/ 12-month leases & long-term tenants. All rents are close to market value & rent increases each year. Units have been renovated with high-end finishes, including LVP flooring, granite or quartz countertops, interior & exterior paint, & appliances. All units have newer cabinets. Exterior was painted in 2022, main water line replaced 2020. Pictures are of 2 units to show finishes. Pre-inspection complete and can be provided upon request.
Presented By: Real Property Associates and NWMLS
Interior Features for 1418 Chestnut Street # 1-6
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 1418 Chestnut Street # 1-6
Assoc Fee Paid PerNot Applicable
Building Area UnitsSquare Feet
Building NameEverett Div O Plat
Cap Rate6.2
Carport Spaces
Carport Y/NNo
CityEverett
CoolingNone
CountySnohomish
DirectionsGPS – North I-5, Exit 195 Marine View Drive, Left on Marine View Drive, Right on Chestnut St – Building is on left.
Electric Expense600
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard, Wall Unit(s)
High SchoolBuyer To Verify
High School DistrictEverett
Insurance Expense2938.44
Leasable Area3064
Listing TermsCash Out
Lot Size Square Feet7200
Lot Size UnitsSquare Feet
MLS Area740 – Everett/Mukilteo
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-08-27T15:47:11.877Z
NWM_ShowMapLinkY
Net Operating Income80215
New ConstructionNo
Number Of Units Total6
Open Parking Spaces6
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family, Residential
Property ConditionGood
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThis well-maintained multifamily investment opportunity is located just north of downtown Everett. Built in 1985 & each unit has been recently renovated, the property has 6 – 1BD units, each averaging
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive Under Contract
StatusContingent
Structure TypeMulti Family
Subdivision NameNorth Everett
Tax Annual Amount8173
Tax Year2025
Unit Number1-6
Units Below Gradefalse
Units In Building Total6
ViewMountain(s), Territorial
Water CompanyCity Of Everett
Water Sewer Garbage4673.03
Year Built1985
Zoning DescriptionMulti-Family, Residential
Exterior for 1418 Chestnut Street # 1-6
Building Area Total3064
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsPoured Concrete, Slab
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Open Space, Sidewalk
Lot Number22 & S 1/2 lot 23
Lot Size Acres0.1653
Parking Uncovered Spaces6
Site FeaturesCable TV, Deck, Fenced-Fully
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Buyer To Verify Middle School
Elementary School
Buyer To Verify Elementary School
High School
Buyer To Verify High School
Josh QA1
REALTOR ® SRES ®