2531 Virginia Avenue
2531 Virginia Avenue
Everett, WA 98201
$1,195,000
Last Sold Price
7
Beds
6
Baths
3,276 Sq. Ft.
$365 / Sq. Ft.
3,276
Sq. Ft.
$365
per Sq. Ft.
Sold 4/1/22
Virtual Tour
Sold 4/1/22
Virtual Tour
Listing provided courtesy of Opal Blue Real Estate, LLC, Century 21 Northwest
Description
Historic 6-unit complex is located in the Riverside neighborhood of North Everett. It is on a corner lot of a street lined with single family homes yet just blocks from Downtown Everett and all the amenities that surround the area. The building is also located just minutes away from HWY 2 Trestle and an onramp to I-5 making it a great location for commuters. (2) triplexes located on a single 6,098 square foot tax parcel. Priced at a 6.3% Cap Rate on current rents with potential to raise to 8+ Cap...Historic 6-unit complex is located in the Riverside neighborhood of North Everett. It is on a corner lot of a street lined with single family homes yet just blocks from Downtown Everett and all the amenities that surround the area. The building is also located just minutes away from HWY 2 Trestle and an onramp to I-5 making it a great location for commuters. (2) triplexes located on a single 6,098 square foot tax parcel. Priced at a 6.3% Cap Rate on current rents with potential to raise to 8+ Cap Rate with improvements and rent raises. 3 units have washer, dryer and dishwasher in the unit. 2 units remodeled (2021). Sewer line new (2017). Interior viewings available 1/28 from 2-3p and 1/31 from 12-1p. Call your buyer's agent to schedule.
- Listed by Grant Fosheim • Opal Blue Real Estate, LLC
Property Details for 2531 Virginia Avenue
Community Name
Riverside
School DistrictEverett
ViewTerritorial
Number of Assigned Spaces0
Total Covered Parking0
Offers Review Date02-02-2022
Entry Date01-18-2022
Energy SourceElectric
Location
Listing Courtesy of Opal Blue Real Estate, LLC![]()
Sold By Century 21 Northwest
Add your commute
LISTING UPDATED: 04/04/2022 02:34 PM
Property Details for 2531 Virginia Avenue
| Status | Sold |
|---|---|
| MLS # | 1878390 |
| Days on Market | 15 |
| Cumulative Days on Market | 729 |
| Taxes | $6,258 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1901 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Snohomish County |
Location
Listing Courtesy of Opal Blue Real Estate, LLC![]()
Sold By Century 21 Northwest
Add your commute
Virtual Tour
Building Information for 2531 Virginia Avenue
Stories2Residences6Year Built1901Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$7,043 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,522
Property Taxes
$522
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2531 Virginia Avenue
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Deck
- Area: 740 - Everett/Mukilteo
- Block: 570
- Elementary School: Buyer To Verify
- Middle Or Junior School: North Mid
- High School: Everett High
- Effective Year Built Source: Public Records
- Directions: GPS to 2531 Virginia
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2021
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Virtual Tour
- Virtual Tour URL Unbranded: https://www.youtube.com/watch?v=dOwzAgL8988
- Virtual Tour URL Description: Unit 5 (2021)
- Virtual Tour URL Unbranded2: https://www.youtube.com/watch?v=sQ5rtrT2NBA
- Virtual Tour URL Description2: Unit 6 (2021)
- Virtual Tour URL Unbranded3: https://www.youtube.com/watch?v=Bb8RbWH9y_E
- Virtual Tour URL Description3: Unit 3 (2018)
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Laminate, Vinyl Plank, Carpet
- Features: Laminate Hardwood, Wall to Wall Carpet
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard,Wall
- Water Source: Public
- Water/Sewer/Garbage: 3641
- Power Company: SnoPUD
- Sewer Company: Everett Public Works
- Water Company: Everett Public Works
- Power Production Type: Electric
- Utilities: Cable Connected, Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Post & Pillar, Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1950
- Photos Count: 40
Lot Information
- Lot Details: Corner Lot, Curbs, Open Space, Paved, Sidewalk
- Lot Number: 15&16
- Lot Size Source: County
- Parcel Number Free Text: 00437857001500
- Building Condition: Fair
- Calculated Square Footage: 3276
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3276.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 2
- Vacancy Rate: 2
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $357
- Total Expenses: 17638
- Gross Adjusted Income: 86848
- Gross Rent Multiplier: 16
- Gross Scheduled Income: $88,620
- Insurance Expense: $2,882
- Net Operating Income: $69,209
- Other Expenses: $4,500
- Total Monthly Income: 7385
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1100
- Rent Unit 1: $1,350.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 550
- Rent Unit 2: $1,200.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 550
- Rent Unit 3: $1,225.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 300
- Rent Unit 4: $1,000.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 350
- Rent Unit 5: $1,205.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: false
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Square Feet Unit 6: 450
- Rent Unit 6: $1,405.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3276.0
- Leasable Area Units: Square Feet
Property History for 2531 Virginia Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2531 Virginia Avenue
Taxable ValueLand$194,000Additions$496,000Total$690,000
Tax Record2022$6,317 ($526 / month)
Home Facts
Baths6Total Finished SqFt2,176 SqFtAbove Ground SqFt2,176 SqFtStories2Lot Size6,098 SqFtStyleMulti-Family Dwelling (2-4)Year Built1901ZoningR-3CountySNOHOMISHAPN00437857001500
Schools near 2531 Virginia Avenue
This home is within Everett School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Garfield Elementary School PublicPK to 5 | ||
North Middle School Public6 to 8 | ||
Everett High School Public9 to 12 | ||
Sno Co Jail Public7 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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Listing Courtesy of Opal Blue Real Estate, LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.