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1831 Wetmore Avenue Everett WA 98201
Listing #: 703417 | Status: Pending | Last Modified: 4/14/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 135,835 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 41,185 |
| Net Operating Income | 87,858 |
| CAP Rate | 5.27 % |
| 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 |
| Financial Summary | |
|---|---|
| CAP Rate | 5.273 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| # of Units | 9 |
| # of Elevators | 0 |
| Total Building SF | 12,752 SF |
| Net Rentable Area | 12,752 SF |
| Total Office SF | 4,012 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 6,098 SF |
| Acres | 0.14 |
| Year Built | 2002 |
| Roof Type | Pitched Comp |
| Construction Type | Framed, Vinyl, Wood |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Office Type | Multi-Tenant |
| Investment | Yes |
| Location | |
|---|---|
| County | Snohomish |
| Location Description | Downtown Everett |
| Cross Street | 19th Street |
| Market Area | Everett |
| Tax ID # | 00437036701500 |
| Zoning | NB |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 18 |
| Total Parking Spots | 18 |
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.
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.
Wetmore Apartments
1831 Wetmore Avenue Everett WA 98201
Listing #: 703417 | Status: Pending | Listing Date: 10/7/2025 | Last Modified: 4/14/2026 | Email Listing





