Evergreen Homes with 56 - 10+ Units Style

Evergreen Homes with 56 - 10+ Units Style

Welcome to Evergreen, a vibrant neighborhood nestled in the heart of Everett, Washington. This charming community is renowned for its lush landscapes, friendly atmosphere, and a diverse array of homes that cater to various lifestyles. With a perfect blend of suburban tranquility and urban convenience, Evergreen is an ideal place for families, professionals, and anyone seeking a welcoming environment.

One of the standout features of Evergreen is its impressive selection of homes, particularly those with 56 to 10+ units. These properties provide a unique opportunity for investors and those looking for multi-family living arrangements. Whether you’re interested in a spacious apartment complex or a well-maintained townhouse community, Evergreen offers an array of options that promise comfort and accessibility.

Residents of Evergreen enjoy easy access to a wealth of amenities, including parks, schools, and shopping centers. The neighborhood is dotted with beautiful green spaces, perfect for leisurely strolls, picnics, or simply unwinding amidst nature. Evergreen Park is a local favorite, featuring playgrounds and sports fields that foster a sense of community among neighbors.

Conveniently located near major highways and public transportation, Evergreen ensures that you are just a short drive away from the vibrant downtown Everett and the stunning shores of Puget Sound. With its rich sense of community, diverse housing options, and proximity to both nature and urban amenities, Evergreen is truly a gem in Snohomish County. Discover your new home in this delightful neighborhood today!

Newest Evergreen Homes with 56 - 10+ Units Style

$2,300,000
2479732 MLS ⋅ ACTIVE Status
PRICE ADJUSTMENT -EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,300,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30,000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.

6325 Evergreen Way, Everett

Listing courtesy of KW Everett.

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