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Listing Firm: COMPASS: Sterling Roe

Bought With: Real Property Associates : Heidi Bardue

SOLD On May 20, 2021
NWMLS # 1744967

$970,000

  • Sold Price
  • - Beds
  • - Baths
  • 3424 Sq.ft.

1625 Chestnut Street , Everett, WA 98201-1988

Listings with the three tree icon are courtesy of NWMLS

About This Property

Instant cash flow opportunity! This 4-plex tucked away on a quiet street next to Jackson Park is a turnkey revenue machine. Built as a condo with double walls between units. Brand new roof completed in January 2021! Washer/Dryer in each unit. Lower units have enclosed yards (tenant maintained) while top units have large decks. Operating costs stay low as the owner pays garbage while the tenants pay all other utilities. 3 of 4 units have tenants in place thru end of 2021, while unit 4 is recently vacant with proforma rent at $1300+. Potential for rent increases with COVID restrictions to be lifted at end of March. The tenants love living here, and are unaware of sale.

Buyer's Agent: Heidi Bardue • Real Property Associates

Listed by: Sterling Roe • COMPASS

Aris360 Last Checked: Just Now (Jun 07, 2025 10:36 AM)

  • Source: NWMLS as Distributed by MLS Grid #1744967

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Chestnut
  • Zip/Postal Code: 98201
  • City: Everett

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$3,847 per month
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Property Features

  • County
    • Riverside
  • Community
    • 740 - Everett/Mukilteo
  • MLS Area
    • 740 - Everett/Mukilteo
  • Longitude
    • -122.187374
  • Latitude
    • 47.995251
  • Directions
    • I-5 North; Marine View Dr. exit - curve left. Left at 1st light. Left onto Chestnut. 4-Plex on left next to park: Grey and white. Park on the street.

  • Interior
    • Ceramic Tile
    • Laminate Hardwood
  • Floors
    • Ceramic Tile
    • Laminate
    • Vinyl
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 8
  • Foundation
    • Block,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Roof
    • See Remarks,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • Everett
  • Building Total Area (Sq. Ft.)
    • 6098
  • Utilities
    • Sewer Connected,
    • Electric,
  • Energy Features
    • Thermal Windows,

  • High School District
    • Everett
  • Jr. High School
    • North Mid
  • Elementary School
    • Garfield Elem
  • High School
    • Everett High

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2020
  • Structure Type
    • Condominium,
  • Tax Amount
    • $6152
  • Year Built
    • 1985
  • Effective Year Built
    • 1986
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Jun 07 2025 . 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.

Jun 07, 2025 10:36 AM