Main Content
- Status Sold
- Property Type Multifamily
About This Property
The Investment Sales Group is pleased to present the Closed Deal Report for the successful sale of 2517 Howard
Avenue, Everett, WA, which closed for $4,000,000. Located on 21,470 Net RSF and built in 1968, this property
presents a unique investment opportunity in a rapidly growing market with strong rental demand.
The property closed with a 5.77% CAP rate, $181,818.18 price per unit, and a 10.47 GRM. The Buyer was able to
take advantage of bonus depreciation for 2025, further enhancing the appeal of the investment. Additionally, it
offers a 20% rental upside, positioning it for long-term growth and significant value appreciation. This transaction
underscores the asset’s prime location and the potential for continued upside.
Please contact us for more information on similar investment opportunities or to learn how you can achieve
similar successful results.