Listed by Grant Fosheim • Opal Blue Real Estate, LLC.
For sale
$1,895,000
Est. $11,511/mo —
12
bd
•
8 ba
•
6,200
sq ft
2501 Rucker Ave, Everett, WA 98201
About this home
Well-managed, well maintained 8-unit apartment building in Everett's highly desirable Bayside neighborhood, steps from the Port of Everett's ongoing waterfront redevelopment and minutes to Downtown Everett. Recent capital improvements include all-new hot water tanks, new garage doors, new exterior lighting, and restriped parking (2023–2026); 6 of 8 units renovated 2021–2026 with new double-pane vinyl windows, LVP flooring, fresh paint and other tasteful updates — leaving a new owner with minimal deferred maintenance and a building positioned for immediate, hands-off ownership. Unit mix of (4) 1bd/1ba and (4) 2bd/1ba units totaling 6,200 SF. 3-car secure garage plus 6 off-street stalls, on-site laundry, and private storage lockers for every unit. Minutes to Providence Regional Medical Center and I-5/SR-526, with strong access to Everett's growing employment base. 5.86% current cap / 6.47% market cap with approximately $14,280 in annual rent upside as units turn — a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.
Multi-familyProperty Type
1965Year Built
7,405 sq ftLot Size
$306Price/Sq.Ft.
3 car garageParking
Listed by Grant Fosheim• Opal Blue Real Estate, LLC
Bayside, located between Port Gardner Bay and Downtown Everett, is a waterfront and urban Everett neighborhood with working piers and bluff-top views. The neighborhood’s character concentrates around the Everett Marina and the waterfront promenade, where boat slips, chandlery counters, and dockside patios set a salt-air rhythm. Scuttlebutt Brewing’s taproom anchors the marina scene, while the Imagine Children’s Museum and the Historic Everett Theatre add year-round cultural pull nearby. Housing ranges from older hillside homes to newer mid-rise buildings closer to the water. Streets step down toward the bay, with pocket parks and viewpoints breaking up the grid. The pace shifts with ferry horns, marina traffic, and events along the waterfront.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Basement
Coin-op laundry
Storage
Laminate flooring
Vinyl plank flooring
Carpeted areas
Bedrooms
Eight units total: four 2-bedroom units and four 1-bedroom units
Bathrooms
All units have 1 bathroom
Kitchen
Each unit includes a range/oven
Each unit includes a refrigerator
Each unit includes a dishwasher
Laundry & utility
Coin-operated laundry on-site (shared)
Flooring
Laminate
Vinyl plank
Carpet
Heating & cooling
Baseboard heating
No central cooling
Exterior features
Corner lot
Alley access
Paved surfaces and sidewalks
Brick and wood exterior
Property has a view
Home design
Multi-family residential income property
5–9 unit style code (eight units in building)
Two stories
Property in good condition
Parking
Three covered parking spaces
Three-car garage (approx. 600 garage sq. ft.)
Six uncovered parking spaces
Construction
Brick and wood construction
Composition roof
Poured concrete foundation
Built as a multi-family structure
Utilities
Electric energy source
Public water (City of Everett)
Sewer connected (City of Everett)
Power provided by SnoPUD
Financial info
Gross scheduled income: $164,508
Gross adjusted income: $161,218
Total monthly income: $13,709
Net operating income: $111,108
Total expenses: $50,109
Electric expense: $1,010
Insurance expense: $4,143
Other expenses: $27,664
Gross rent multiplier: 11.75
Listing terms: Cash or Conventional
Electricity and solar
View estimated energy costs and solar savings for this home
The primary purpose of the urban residential 4 zone is to provide for multiple-family residential use at high densities. Additional neighborhood-oriented commercial uses may be allowed within certain locations when developed in a mixed-use context.
Permitted uses
Include but are not limited to:
Community / recreation center
Garden center
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Fire house
Park & open space
Aug 17, 2008 • Final
Electrical
Install a new electrical panel and add a new circuit.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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
3/10 Heat Factor
7 days above 85° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Everett, WA • 98201
Average low and high temperatures (°F)
46
36
48
38
53
41
60
44
65
49
71
54
74
57
75
59
71
56
59
47
52
43
49
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Everett. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2501 Rucker Ave
There isn’t enough information to generate an accurate estimate at this time. Learn More