6325 Evergreen Way

Everett, WA 98203

$2,400,000
Price
—
Beds
—
Baths
11,895 Sq. Ft.
$202 / Sq. Ft.
11,895
Sq. Ft.
$202
per Sq. Ft.
Listing provided courtesy of KW Everett
Source: Northwest MLS

Description

Flagship everett 2044 redevelopment | mu-7 (2-story) | 5.44% cap. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play," delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents...Flagship everett 2044 redevelopment | mu-7 (2-story) | 5.44% cap. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play," delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents are currently significantly below market, providing a clear value-add opportunity to immediately increase NOI and yield while pursuing future development. Under utilized basement and storage rooms. THE ASSEMBLAGE ADVANTAGE: This 2-parcel footprint provides the critical depth and scale necessary for institutional-grade mid-rise construction. Unlock maximum unit yield and optimized parking configurations under new TOD mandates. Single-lot sites in this corridor cannot achieve this level of Floor Area Ratio (FAR) potential. EVERETT 2044 VISION: Positioned in the newly adopted MU-7 (Mixed Urban, 7-story) growth corridor. Located on a high-visibility arterial (30k+ VPD) steps from future Sound Transit Light Rail. Capitalize on Everett’s blueprint for density in a submarket primed for transformation. Sold as-is. Buyer to verify all development yield.
  1. Listed by Aaron Byrne • KW Everett

Property Details for 6325 Evergreen Way

Community Name
Evergreen
School District
Everett
View
Territorial
Total Covered Parking
8
Entry Date
02-10-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 02/12/2026 11:12 AM

Property Details for 6325 Evergreen Way

StatusActive
MLS #2479732
Days on Market6
Cumulative Days on Market6
Taxes$11,541 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.27 AC / 11,761 SF
CountySnohomish County

Location

Listing Courtesy of KW Everett
Add your commute

Building Information for 6325 Evergreen Way

Stories2Residences6Year Built1968Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

$12,659 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,697

Property Taxes

$962

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6325 Evergreen Way

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 740 - Everett/Mukilteo
  • Effective Year Built Source: Public Records
  • Directions: Evergreen Way to property. GPS works. Parking available at front side on Evergreen.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 6.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Other – See Remarks
  • FIRPTA: No
Exterior Features
  • Exterior: Cement/Concrete
  • Roof: Built-Up
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PUD
  • Sewer Company: City of Everett
  • Water Company: City of Everett
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Commercial
  • Possible Use: Commercial
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1968
  • Photos Count: 39
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 00392900401200
  • Calculated Square Footage: 11895
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 11895.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 10
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 16
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 11541
  • Gross Adjusted Income: 128232
  • Gross Rent Multiplier: 18
  • Gross Scheduled Income: $128,232
  • Insurance Expense: $0
  • Net Operating Income: $125,232
  • Other Expenses: $0
  • Total Monthly Income: 9870
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 27
  • Rent Unit 1: $995.00
  • Tenant Description Unit 1: Northend Beauty Supply
Unit 2
  • Name Unit 2: 22
  • Rent Unit 2: $1,050.00
  • Tenant Description Unit 2: Toro Enterprise LLC
Unit 3
  • Name Unit 3: 21
  • Rent Unit 3: $1,100.00
  • Tenant Description Unit 3: Tile & More
Unit 4
  • Name Unit 4: Title & Mortgage
  • Rent Unit 4: $695.00
  • Tenant Description Unit 4: Unit 21
Unit 5
  • Name Unit 5: Toro
  • Rent Unit 5: $595.00
  • Tenant Description Unit 5: Unit 22
Unit 6
  • Rent Unit 6: $650.00
  • Tenant Description Unit 6: Unit 27
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 11761.0

Property History for 6325 Evergreen Way

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Listed (Active)

NWMLS #2479732

$2,400,000—
DateEvent & SourcePrice
02/10/2026

Listed (Active)

NWMLS #2479732

$2,400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6325 Evergreen Way

Taxable ValueLand$470,000Additions$957,100Total$1,427,100
Tax Record2025$11,541 ($962 / month)
Home Facts
Baths8Total Finished SqFt11,895 SqFtAbove Ground SqFt11,895 SqFtStories2Lot Size11,761 SqFtStyleMulti-Family Dwelling (2-4)Year Built1968ZoningF2CountySNOHOMISHAPN00392900401200

Schools near 6325 Evergreen Way

This home is within Everett School District.
Rating
School
Type
Grades
Distance
Lowell Elementary School
Public - PK to 5
Evergreen Middle School
Public - 6 to 8
Everett High School
Public - 9 to 12
Everett Reengagement Academy
Public - 9 to 12
Rating
School
Distance
Lowell Elementary School
PublicPK to 5

Evergreen Middle School
Public6 to 8

Everett High School
Public9 to 12

Everett Reengagement Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6325 Evergreen Way, Everett, WA 98203

6325 Evergreen Way is a multi-family home for sale in Everett, WA 98203. This property was listed for sale on February 10, 2026 by KW Everett, it's currently listed at $2,400,000. This listing's school district is Everett School District. Nearby schools include Lowell Elementary School, Evergreen Middle School and Everett High School. 6325 Evergreen Way is a 0-bed, 0-bath, 11,895 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Everett

Based on information submitted to the MLS GRID as of 02/12/2026 11:12 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.