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3323 Oakes AVE #1-12 Everett, WA 98201
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Key Details
Sold Price $2,275,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,200 sqft
Price per Sqft $247
Subdivision Everett
MLS Listing ID 2407341
Sold Date 10/28/25
Style 56 - 10+ Units
Bedrooms 20
Year Built 1980
Annual Tax Amount $19,178
Lot Size 0.275 Acres
Property Sub-Type Multi Family
Property 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 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.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Flooring Hardwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Stucco
Amenities Available Cable TV, Deck
View Y/N Yes
View Territorial
Roof Type Flat
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools North Mid
High Schools Everett High
School District Everett
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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