Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2327718MLS Provider

1313 Hewitt AvenueEverett, WA 98201

Multi-Family · 12 Beds · 19,768 Sq. ft. | 0.33 Acres
$4,550,000 Active

1313 Hewitt Avenue Overview

Visits:
18

Expand your portfolio with this fully leased 17-unit mixed-use asset, positioned at Hewitt & Rucker in downtown Everett. Significant capital improvements completed include new roof, paint, sewer, 8 renovated apartments - this property is ideal for effortless ownership. The unix mix consists of 9 apartments 6 1br & 3 2br with comfortable open floor plans, stylish interiors & LVP flooring. Residents enjoy onsite common laundry, and option to rent one of 6 onsite parking spaces. The street level consists of 9 retail units, 100% leased. The acquisition secures a stabilized asset with potential for future development and appreciation. Zone is Mixed Urban (MU), zoning maps indicate building heights up to 12 to 25 floors (buyer to verify).

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1313 Hewitt Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 19,768
  • Price/Sq.ft. $230
  • Lot 0.33 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Everett

Income/Expenses

  • Other Expense: 34459
  • Electric Expense: 6340
  • Fuel Expense: 6340
  • Gross Scheduled Income: 438934
  • Insurance Expense: 18659
  • Net Operating Income: 322718
  • Total Expenses: 97353
  • Total Monthly Income: 35952
  • Water/Sewer/Garbage: 6340

Building Information

  • New Construction: No
  • Year Built: 1913

Location/Region

  • Country: US
  • County Or Parish: Snohomish
  • MLS Area Major: 740 - Everett/Mukilteo
  • Subdivision Name: Everett

Tax Information

  • Tax Annual Amount: $25,215.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 00439167001400
  • Possible Use: Business,Commercial,Multi-Family,Office,Residential,Retail
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 19768
  • Building Area Units: Square Feet
  • Calculated Square Footage: 19768
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Hardwood, Laminate
  • Foundation Details: Slab
  • Heating: Yes
  • Leasable Area: 19768
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Total: 6
  • Parking Uncovered Spaces: 6

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Acres: 0.33
  • Lot Size Square Feet: 14375
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Metal
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Brick, Stucco, Wood
  • Number Of Units Total: 16
  • Sewer: Sewer Connected

Unit Information

Unit 9 Details

  • Actual Rent: 1450
  • Beds Total: 1
  • Baths Total: 1

Unit 7 Details

  • Actual Rent: 1475
  • Beds Total: 1
  • Baths Total: 1

Unit 8 Details

  • Actual Rent: 1475
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1525
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1525
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1575
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1610
  • Beds Total: 2
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1950
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 2000
  • Beds Total: 2
  • Baths Total: 1

Unit 12 Details

  • Actual Rent: 2785

Unit 11 Details

  • Actual Rent: 2821

Unit 13 Details

  • Actual Rent: 3049

Unit 15 Details

  • Actual Rent: 519

Unit 10 Details

  • Actual Rent: 5766

Unit 14 Details

  • Actual Rent: 791

Unit 17 Details

  • Actual Rent: 816

Unit 16 Details

  • Actual Rent: 824

1313 Hewitt Avenue Neighborhood

Community

98201 (Everett) Demographics

40
Median Age
3,031
Population Density (per sq. mile)
36%
College Educated
$59,357
Estimated Median Income
5,563
Estimated Total Home Owners
7,575
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1313 Hewitt Avenue Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1313 Hewitt Avenue Market Data

Based on the last 30 days in this zip code

$554,938
Average List Price
$401
Average Price per Square Foot
24
Properties Sold
48
Average Days on Market
116
Properties for Sale
Calculations provided by Reliance Network