2011 Madison St
Everett WA 98203
2011 Madison Street
2011 Madison St Everett WA 98203
Listing #: 695582 | Status: Pending | Last Modified: 12/1/2025 |
For Sale
- Phone:(206) 387-6789
- Email:service@ekreg.com
- Office Name:Windermere Real Estate Co.
- Office Phone:(206) 448-6000
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 998,000.0
- $/SF$ 130.8
- $/Unit$ 998,000.0
- Listing StatusPending
- Days on Market238
- Asset ClassRetail, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income60,990
- Vacancy Factor %0.00%
- Operating Expenses18,496
- Net Operating Income42,494
- CAP Rate 4.04 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- CAP Rate 4.04 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units8
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF7638
- Net Rentable Area7629
- Total Office SF
- Largest Contiguous SF
- Lot SF26572
- Acres0.61
- Property TypeMulti-Family
- Office Type
- Building ClassC
- CountySnohomish
- Vicinity
- Location Description
- Second Address
- Cross StreetCommercial Ave
- Market AreaMukilteo
- Tax ID #00544700501300
- Additional Parcels
- ZoningNB
- Year Built1947
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
2011 Madison St
Dynamic mixed-use asset in Everett’s revitalizing urban core. Interurban Crossing spans a 26,572 SF corner lot with alley access, 20+ parking spaces, and a 7,629 SF structure leased to stable local tenants—3 storefronts, 3 apartments, and 3 flex spaces. Current gross rent over $64K; pro forma $144K+ with light upgrades. Just 26.3% lot coverage—NB zoning + Opportunity Zone offer phased development potential. Steps from the Interurban Trail, future light rail, and new stadium district. A walkable, well-connected location with built-in income and big upside.
