$1,450,000
Est. $8,032/mo5,304 sq ft
8806 3rd Avenue SE, Everett, WA 98208
• Listed Sep 22, 2026•25 days active · 25 cumulative
Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
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Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
About this home
Well-managed, meticulously maintained 6-unit apartment building in Everett's Cascade View neighborhood — a truly turnkey investment with zero deferred maintenance, zero vacancies, and zero delinquencies. Five of the six units have been renovated (2021–2024) with new double-pane vinyl windows, LVP flooring, updated kitchens and baths, alongside a new roof (2023), fresh exterior paint/sealer, newer decks and updated common areas (2025) including new carpet, lighting, and hardware, leaving a new owner nothing to do but collect rent from day one. Unit mix of (4) 2bd/1ba and (2) 1bd/1ba units totaling 5,050+ SF, with a private storage locker for every unit. Eleven off-street parking spaces and on-site app-based laundry round out the amenities. 5.62% current cap / 6.06% market cap, with one remaining unrenovated unit offering modest rent-growth upside — a low-maintenance, professionally run asset that fits well as a standalone hold or as an easy addition to a growing multifamily portfolio.
Listed by Grant Fosheim • Opal Blue Real Estate, LLC
Listing updated: October 10, 2026 at 06:48pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2583094
Around this home
How much should you offer?
8806 3rd Avenue SE, Everett, WA 98208
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
Flooring
- Laminate
- Vinyl
- Vinyl Plank
- Carpet
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerEverett School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 6
- Units in building
- 6
- Units below grade
- false
- Building square feet
- 5,304 sq ft
Income & expenses
- Gross scheduled income
- $122,220
- Total monthly income
- $10,185
- Additional monthly income
- $40
- Gross adjusted income
- $119,776
- Net operating income
- $81,502
- Cap rate
- 5.62%
- Gross rent multiplier
- 11.86
- Vacancy rate
- 2%
- Total expenses
- $38,274
- Insurance
- $2,732
- Electric
- $1,163
- Other expenses
- $16,168
- Water / sewer / garbage paid by
- 7009
Parking & storage
- Parking spaces
- 11
- Uncovered parking
- 11
Taxes & assessment
- Annual taxes
- $11,202
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 8806 3rd Avenue SE
NWMLS via MLS GridEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 22, 2026ListedNWMLS via MLS Grid · #2583094$1,450,000$273/sq ft
- Jul 9, 2020SoldNWMLS via MLS Grid · #1594703$1,190,000$224/sq ft
- May 2, 2020PendingNWMLS via MLS Grid · #1594703$1,290,000$243/sq ft
- Apr 27, 2020ListedNWMLS via MLS Grid · #1594703$1,290,000$243/sq ft
Mortgage payment forecast
$9,329 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Opal Blue Real Estate, LLC; Grant Fosheim; 425-359-7259; Grant@OpalBlueRE.com
Market pulse
Everett is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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 66 days.
Recent sales nearby
Within 1 mile · last 6 months$60,000 Sold
3 days ago
2 bd•0.75 ba•Single Family
1415 84th Street SE #46, Everett, WA 98208
14%
Under list
110
Days on market
0.7 mi
Distance
$750,000 Sold
1 week ago
4 bd•2.25 ba•~2,267 sq ft•Single Family
8906 10th Drive SE, Everett, WA 98208
3%
Under list
100
Days on market
0.4 mi
Distance
$700,000 Sold
2 weeks ago
4 bd•2.75 ba•~2,094 sq ft•Single Family
8823 W Mall Drive, Everett, WA 98208
3%
Under list
159
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 17, 2026 at 11:17 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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