2501 Colby Avenue
Everett, WA 98201
Map
- – beds
- – baths
- 15,081 sqft
- 13,939 sqft lot
- $331 per sqft
- 1908 build
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 18, 2025
•
MLS# 2394216 —
The Building
-
Year Built:1908
-
New Construction:false
-
Structure Type:Multi Family
-
Roof:Flat
-
Foundation Details:Poured Concrete
-
Exterior Features:Brick
-
Units In Building Total:2
-
# of Units Total:2
-
Stories Total:3
-
Building Area Total:15081
-
Building Area Units:Square Feet
-
Calculated SqFt:15081
-
Construction Materials:Brick
Interior
-
Flooring:Vinyl Plank, Carpet
-
Fireplace:false
Financial & Terms
-
Possession:Closing
Location
-
Latitude:47.984363
-
Longitude:-122.208071
-
Directions:I-5 N: Exit 192 Broadway/41st St, merge on Broadway, (L) on Everett Ave, (R) on Colby, property on (R). I-5 S: Exit 174 Everett Ave/US 2 East, keep (R), (R) on Everett, (R) on Colby, building on (R)
The Property
-
Property Type:Residential Income
-
Property Subtype:Multi Family
-
Parcel Number:00517156200100
-
Lot Features:Alley, Corner Lot, Paved, Sidewalk
-
Lot Size Units:Square Feet
-
Lot Size Acres:0.32
-
Lot Size SqFt:13939
-
Lot Size Source:Public Records
-
Zoning Description:Multi-Family
-
View:false
-
Waterfront:false
-
Possible Use:Multi-Family
-
Additional Parcels Description:005171-562-004-00,517156-2-001-00-00,517156-2-004-00-07
-
Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 328-7200
- Office phone:
- (206) 328-7200
Taxes
-
Tax Year:2025
-
Tax Annual Amount:33658.03
The Listing
-
Special Listing Conditions:None
Heating & Cooling
-
Cooling:false
-
Heating:true
-
Cooling:None
-
Heating:Baseboard
Utilities
-
Water Source:Public
-
Sewer:Sewer Connected
-
Water Sewer Garbage:21921
Schools
-
High School District:Everett
The Community
-
Subdivision Name:Everett
-
Amenities:Coin Op Laundry,Storage
-
Senior Community:false
-
Association:false
Parking
-
Parking Total:21
-
Parking Uncovered Spaces:21
-
Open Parking:true
-
Open Parking Spaces:21
-
Carport:false
Listing courtesy of NWMLS / COMPASS
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/18/25
Jun 18, 2025
|
Listed / Active | NWMLS | $5,000,000 |
