$1,200,000
Est. $6,188/mo1915 1917 Broadway Avenue, Everett, WA 98201
• Listed 2026-07-21•5 days on market
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Development Potential. Zoned MU15 under the Everett Unified Development Code, permitting development up to 15 floors / 160 feet (EMC 19.22.020, Table 22-1) — exceeded only by the MU25 core. Everett is projected to add roughly 60,000 residents over the next two decades, and the Metro Everett subarea plan targets Downtown Everett for the bulk of that growth. This is a mixed-use development site positioned for multifamily, hotel, office, or ground-floor retail on the Broadway corridor. Income in Place. Two buildings on 6098 SF lot, generate dual-stream rental income — a street-front retail tenant plus a residential apartment at the rear — producing $68,700 in total annual income against $11,953 in expenses, for an NOI of $56,747 (4.73% cap rate) That income allows an incoming investor or developer to offset carrying costs and maintain consistent cash flow while finalizing architectural plans, engineering, and municipal approvals — rather than paying to sit on vacant dirt. Location. Broadway is one of Everett's principal north-south commercial corridors, minutes from Everett Station — Snohomish County's hub for Sounder commuter rail and Amtrak — with direct I-5 access and Downtown Everett's civic and employment core close at hand. Building signage on Broadway. Possession at close of escrow.
Listed by Dennis Wagner • Downtown Dennis Real Estate
Listing updated: August 4, 2026 at 06:47pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2564128
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1915 1917 Broadway Avenue, Everett, WA 98201
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Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Everett is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
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1%
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Days on market
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Distance
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6 weeks ago
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Over list
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0%
Over list
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Days on market
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Distance
$1,225,000 Sold
3 months ago
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6%
Under list
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Days on market
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3 months ago
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5%
Under list
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Days on market
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Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
