1831 Wetmore Avenue
Everett WA 98201

Wetmore Apartments

1831 Wetmore Avenue Everett WA 98201

Listing #: 703417 | Status: Pending | Last Modified: 4/14/2026 |

For Sale
Ted Wood
  • Phone:(206) 818-0378
  • Email:ted.wood@sperrycga.com
  • Office Name:Capstone Commercial Real Estate Advisors
  • Office Phone:(206) 324-9427
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,795,000.0
  • $/SF$ 140.8
  • $/Unit$ 1,795,000.0
  • Listing StatusPending
  • Days on Market208
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income135,835
  • Vacancy Factor %5.00%
  • Operating Expenses41,185
  • Net Operating Income87,858
  • CAP Rate 5.27 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Financial Summary
  • CAP Rate 5.27 %
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors2
  • # of Units9
  • # of Elevators0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF12752
  • Net Rentable Area12752
  • Total Office SF4012
  • Largest Contiguous SF
  • Lot SF6098
  • Acres0.14
Property Type
  • Property TypeMulti-Family
  • Office TypeMulti-Tenant
  • InvestmentYes
  • Building Class
Location
  • CountySnohomish
  • Vicinity
  • Location DescriptionDowntown Everett
  • Second Address
  • Cross Street19th Street
  • Market AreaEverett
  • Tax ID #00437036701500
  • Additional Parcels
  • ZoningNB
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces18
  • Total Parking Spots18
  • Parking Ratio
Construction
  • Year Built2002
  • Year Renovated
  • Completion Date
  • Roof TypePitched Comp
  • Construction TypeFramed, Vinyl, Wood

Turnkey 9-Unit in Everett

Public Comments

Rare opportunity to acquire a well-maintained 9-unit apartment building in a prime Everett location. Built in 2002, this property features a mix of spacious one and two-bedroom units, each with in-unit washers and dryers. Tenants enjoy eight secure garage parking spaces, plus two additional on-site spots. Units have been well-maintained, offering low current capital requirements and long-term stability. Strong rental demand, proximity to transit, shopping, and employment centers. Upside potential through cosmetic updates, including flooring, countertops, and appliances.

Public Building Comments

1831 Wetmore consists of 6 apartment units and 3 commercial spaces located on a high visibility corner in Downtown Everett. Property is bank-owned, with no warranties or representations; buyer to conduct own due diligence prior to closing. See website for information.

Listing Images