James & Angie Smith

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Listing provided courtesy of Kelly Right RE of Seattle LLCNWMLSas Distributed by MLSGrid- MLS# NWM2476036MLS Provider

2515 Oakes AveEverett, WA 98201

Multi-Family · 5 Beds · 1,768 Sq. ft. | 0.10 Acres
$569,999 Active

2515 Oakes Ave Overview

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Turn-key Investment Opportunity! Approved triplex has been utilized as a 5-plex, with the upper level divided into 3 studio units (they share a bathroom). All units have individual kitchens. Updated building & units with strong cash flow—currently grossing $5,210/mo ($65,680/year) and approx. 9.37 % cap rate. Unit 1 fully remodeled with modern interior; Unit 5 carpet replaced 2 years ago. New coin-op laundry and water heater. Unit 1, 4 left vacant for potential owner-occupancy/upgrade to drive up value—only unit available for showing. Great in-city location with easy access to Everett CC, hospitals, shops, cafes, and freeways. Loyal long-term tenants, rent below market.

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2515 Oakes Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,768
  • Price/Sq.ft. $322
  • Lot 0.10 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Everett
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 2055
  • Electric Expense: 1300
  • Fuel Expense: 1400
  • Gross Scheduled Income: 65600
  • Insurance Expense: 2000
  • Net Operating Income: 53414
  • Total Expenses: 8906
  • Total Monthly Income: 5210
  • Water/Sewer/Garbage: 2151

Building Information

  • New Construction: No
  • Year Built: 1904

Location/Region

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

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2024

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 00439156500700
  • Property Condition: Fair
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1768
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1768
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Carpet
  • Heating: Yes
  • Leasable Area: 1768
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.1
  • Lot Size Dimensions: 4356
  • Lot Size Square Feet: 4356
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Triplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 5
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1000
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

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

Unit 3 Details

  • Actual Rent: 900
  • Beds Total: 1

Unit 4 Details

  • Actual Rent: 900
  • Beds Total: 1

Unit 5 Details

  • Actual Rent: 900
  • Beds Total: 1

2515 Oakes Ave 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.

2515 Oakes Ave Monthly Cost

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* 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.

2515 Oakes Ave 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

2515 Oakes Ave History

Date Event Value Agent
2/3/2026Source: NWMLS Added to Database
February 03, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021