Listed by Richard Kemp • Westlake Associates, Inc. Bought with Westlake Associates, Inc.
Off market jan 2007 for $925K
—
Est. refi paymentEst. refi$3,802/mo
Studio
•
— ba
•
9,500
sq ft
12220 E Gibson Rd, Everett, WA 98204
About this home
The subject property is an 8-unit apartment building well located in South Everett close to the 128th Street SW I-5 entrance/exit. The property was constructed in 1997 and consists of two 2BD/1.5BA townhouse apartments of 1,250 sq. ft., four 2BR/1.5BA townhouse apartments of 1,150 sq. ft., and two 2BD/1BA apartment flats of 1,025 sq. ft.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
18
Stories
2
Lot width
—
Lot depth
—
Lot size
0.5 Acres
Year renovated
—
Sq. Ft.
6,718
Year built
1997
Style
Multi-Family (5+ Unit)
County
Snohomish County
APN
00373800600403
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
MR
Multiple Residential Zone
The intent and function of the Multiple Residential zone is to provide for high-density development, including townhouses and multifamily structures generally near other high-intensity land uses.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Parking Uncovered Spaces: 17
Open Parking Spaces: 17
Has Open Parking
Interior
Interior Features
Interior Features: Forced Air, Wall to Wall Carpet
Flooring: Vinyl, Carpet
Multi-Family Financial Information
Electric Expense: $782
Insurance Expense: $1,622
Other Expense: $2,700
Net Operating Income: $53,176
Gross Adjusted Income: 69540
Gross Scheduled Income: $73,200
Total Monthly Income: 6100
Gross Rent Multiplier: 11
Total Expenses: 16364
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 8
Vacancy Rate: 5
# of Units (Total): 6
Furnished: Unfurnished
Exterior
Building Information
Roof: Composition
Exterior Features
Exterior Features: Wood Products
Property Information
Style Code: 55 - 5-9 Units
Property Type: Residential Income
Property Sub Type: Multi Family
Land Information
Possible Use: Multi-Family
Lot Information
Site Features: Cable TV
Lot Features: Corner Lot, Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.5
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $8,421
Tax Year: 2006
Financial Information
Listing Terms: Assumable, Cash Out
Buyer Financing: Cash
Utilities
Utility Information
Water Source: Public
Sewer: Sewer Connected
Utilities: Cable Connected, Sewer Connected, Electric
Water Sewer Garbage: 2839
Location
HOA Information
Association Fee Frequency: Annually
School Information
High School District: Everett
Community Information
Amenities: Thermal Windows
Public facts
Beds: —
Baths: 18.0
Sq. Ft.: 6,718
Stories: 2.0
Lot Size: 0.5 acres
Style: Multi-Family (5+ Unit)
Year Built: 1997
Year Renovated: —
County: Snohomish County
APN: 00373800600403
Home facts updated by county records on Sep 21, 2026
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Wednesday, October 18, 2006
Green Information
Green Energy Efficient: Thermal Windows
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 9500
Building Area Total: 9500
Building Area Units: Square Feet
Structure Type: Multi Family
Stories Total: 2
Around this home
Schools
Odyssey Elementary School
Public K-5 • Assigned • 0.6mi
3/10
Voyager Middle School
Public 6-8 • Assigned • 0.6mi
4/10
Mariner High School
Public 9-12 • Assigned • 0.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 84° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
10 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Everett, WA • 98204
Average low and high temperatures (°F)
46
36
47
37
52
40
60
43
66
48
71
53
76
56
76
59
71
55
59
47
51
43
48
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.4 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.