2501 Colby Avenue

Everett, WA 98201

  • Bed

  • Bath

  • 15081 SqFt

  • 40 DOM

  • Built: 1908

  • Status: Active

$5,000,000

X

2501 Colby Avenue

Everett 98201

$5000000

  • Bed

  • Bath

  • 15081 SqFt

  • 40 DOM

  • Built: 1908

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.

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Residence Information

  • 15081

  • Flat

  • 56 - 10+ Units

  • 1908

  • Poured Concrete

  • Coin Op Laundry, Stor

Features and Utilities

  • Brick

  • Public

  • Sewer Connected

  • 0

Financial

  • 33658.03

  • Cash Out, Conventional

  • 06-18-2025

Comparable Information

  • 40

  • 40

  • Cash Out, Conventional

  • $5,000,000

  • $5,000,000

  • Jul 28, 2025 18:28

Schools

Map

Listing courtesy of COMPASS.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Aug 03, 2025 09:34 | Listing last modified Jul 28, 2025 18:28. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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