3323 Oakes Ave, Unit 112

14
Baths
9,200 Sq. Ft.
$247 / Sq. Ft.
9,200
Sq. Ft.
$247
per Sq. Ft.

Description

Built in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current4.7% cap rate should stabilize near the 5% range as rents are increased in 2026, basic renovations could allow for a cap rate above 8%. Versatile unit mix of six 2-bedroom/1-bath apartments, two 2-bedroom/2-bath units,and four 1-bedroom/1-bath units, Most with in unit Laundry. Recent upgrades include two roofs replaced five years ago. Amenities including...Built in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current4.7% cap rate should stabilize near the 5% range as rents are increased in 2026, basic renovations could allow for a cap rate above 8%. Versatile unit mix of six 2-bedroom/1-bath apartments, two 2-bedroom/2-bath units,and four 1-bedroom/1-bath units, Most with in unit Laundry. Recent upgrades include two roofs replaced five years ago. Amenities including secure building access, private decks, professional landscaping, an elevator for easy accessibility, and two ADA-compliant units.14 garage parking stalls, additional guest parking, ample off-street parking, and two coin-operated laundry rooms.
  1. Listed by Donna Marshall • Skyline Properties, Inc.
  2. Listed by Dan Swanson • Kidder Mathews

Property Details for 3323 Oakes Avenue, Unit 112

Community Name
Everett
School District
Everett
View
Territorial
Number of Assigned Spaces
16
Total Covered Parking
14
Entry Date
08-07-2025
Energy Source
Electric,See Remarks
Sewer
Sewer Connected
LISTING UPDATED: 11/28/2025 04:01 AM

Property Details for 3323 Oakes Avenue, Unit 112

StatusSold
MLS #2407341
Days on Market12
Cumulative Days on Market12
Taxes$19,178 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size0.28 AC / 11,987 SF
CountySnohomish County

Location

Listing Courtesy of Skyline Properties, Inc.; Kidder Mathews

Sold By COMPASS; Keller Williams Realty Bothell

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Virtual Tour

Building Information for 3323 Oakes Avenue, Unit 112

Stories3Residences12Year Built1980Building Size-Lot Size0.28 AC / 11,987 SF

Payment Calculator

$12,686 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,088

Property Taxes

$1,598

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3323 Oakes Avenue, Unit 112

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck
  • Area: 740 - Everett/Mukilteo
  • Block: 794
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: North Mid
  • High School: Everett High
  • Effective Year Built Source: Public Records
  • Directions: GPS
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Virtual Tour
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
  • Floor Covering: Hardwood, Vinyl, Carpet
  • Amenities: Basement,Coin Op Laundry,Elevator,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Radiant
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 19163
  • Power Company: PUD
  • Sewer Company: CITY OF EVERETT
  • Water Company: CITY Of EVERETT
  • Power Production Type: Electric, See Remarks
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Assesor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1980
  • Photos Count: 31
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Number: 11-14
  • Lot Size Source: Survey
  • Parcel Number Free Text: 00439079401100
  • Building Condition: Good
  • Calculated Square Footage: 9200
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 9200.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 3
  • Unit Number: 1-12
  • Vacancy Rate: 2
  • Number Of Units Total: 12
  • Units Below Grade: false
  • Units In Building Total: 12
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 88977
  • Gross Adjusted Income: 191762
  • Gross Rent Multiplier: 11
  • Gross Scheduled Income: $195,676
  • Insurance Expense: $12,500
  • Net Operating Income: $102,786
  • Other Expenses: $38,136
  • Total Monthly Income: 16306
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 9
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 775
  • Rent Unit 1: $1,306.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 11
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 750
  • Rent Unit 2: $1,191.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 5
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 775
  • Rent Unit 3: $1,557.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: 3
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 750
  • Rent Unit 4: $1,320.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 1
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 750
  • Rent Unit 5: $1,210.00
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 4
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 775
  • Rent Unit 6: $1,430.00
  • Bedrooms Unit 6: 2
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 8
  • Washer/Dryer Unit 7: true
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 750
  • Rent Unit 7: $1,224.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 2
  • Washer/Dryer Unit 8: true
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 775
  • Rent Unit 8: $1,430.00
  • Bedrooms Unit 8: 2
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 6
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: true
  • Square Feet Unit 9: 775
  • Rent Unit 9: $1,484.00
  • Bedrooms Unit 9: 2
  • Bathrooms Unit 9: 2
Unit 10
  • Name Unit 10: 7
  • Washer/Dryer Unit 10: true
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: true
  • Square Feet Unit 10: 775
  • Rent Unit 10: $1,430.00
  • Bedrooms Unit 10: 2
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 10
  • Washer/Dryer Unit 11: true
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: true
  • Square Feet Unit 11: 775
  • Rent Unit 11: $1,213.00
  • Bedrooms Unit 11: 2
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 12
  • Washer/Dryer Unit 12: true
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Dishwasher Unit 12: true
  • Square Feet Unit 12: 775
  • Rent Unit 12: $1,430.00
  • Bedrooms Unit 12: 2
  • Bathrooms Unit 12: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9200.0

Property History for 3323 Oakes Avenue, Unit 112

DateEvent & SourcePriceAppreciation
Oct 28, 2025

Sold

NWMLS #2407341

$2,275,000—
Aug 19, 2025

Pending

NWMLS #2407341

—
Aug 7, 2025

Listed (Active)

NWMLS #2407341

$2,200,000—
DateEvent & SourcePrice
10/28/2025

Sold

NWMLS #2407341

$2,275,000
08/19/2025

Pending

NWMLS #2407341

—
08/07/2025

Listed (Active)

NWMLS #2407341

$2,200,000

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

Schools near 3323 Oakes Avenue, Unit 112

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 - 9 to 12
Rating
School
Distance
Jackson Elementary School
PublicPK to 5

North Middle School
Public6 to 8

Everett High School
Public9 to 12

Sequoia High School
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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Listing Courtesy of Skyline Properties, Inc.; Kidder Mathews

Based on information submitted to the MLS GRID as of 11/28/2025 04:01 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.