LISTING DETAILS

2011 Madison Street

2011 Madison St Everett WA 98203

Listing #: 695582 | Status: Pending | Last Modified: 12/1/2025

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	60,990
Vacancy Factor %	0.00%
Operating Expenses	18,496
Net Operating Income	42,494
CAP Rate	4.04 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Retail Asset Class Info
Crane Tonnage	0

Financial Summary
CAP Rate	4.044

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	8
# of Elevators	0
Total Building SF	7,638 SF
Net Rentable Area	7,629 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	26,572 SF
Acres	0.61
Year Built	1947
Construction Type	Framed

Property Type
Property Type	Multi-Family
Building Class	C

Location
County	Snohomish
Cross Street	Commercial Ave
Market Area	Mukilteo
Tax ID #	00544700501300
Zoning	NB

2011 Madison St

Public Comments

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.

2011 Madison Street
2011 Madison St Everett WA 98203

Listing #: 695582 | Status: Pending | Listing Date: 4/11/2025 | Last Modified: 12/1/2025 | Email Listing

For Sale

2011 Madison Street

Listing Images