FOR SALE0.61 ACRES

Listed by Leslie Ota, Windermere Real Estate Midtown, (206) 527-5445

2011 Madison Street
Everett, WA 98203

Pinehurst

3 Beds
4 Baths
7,629 sqft (on 0.61 acres)

3 Beds
4 Baths
7,629 sqft (on 0.61 acres)

$1,150,000

Est. Mortgage $6,904/mo*

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Local Information

-- mins to

Commute Destination

Description

Instant equity awaits savvy investor at this multiple strategy value-add site. 5% cap with significant upside. Two-story mixed-use building with three 1-bedroom apartments, three street-front commercial spaces, and three flexible-use spaces on the main level. 26,752 sf neighborhood business (NB) zoned corner site - a blank slate for townhomes, apartments, owner-user, and other uses. Site maintains a neighborhood character with excellent commutes and access to amenities. A great opportunity to invest in the City of Everett, anticipated to be Washington's fastest-growing large city over the next 10 years. First time available in 45 years. Sold As-Is.

Home Highlights

Parking

20 Open Spaces

Outdoor

No Info

A/C

Heating & Cooling

HOA

None

Price/Sqft

$151

Listed

180+ days ago

Last check for updates: about 5 hours ago

Listing courtesy of Leslie Ota

Windermere Real Estate Midtown

Source: NWMLS, MLS#2156193

Home Details for 2011 Madison Street

Active Status
MLS Status: Active

Interior Features
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 4
Dimensions and Layout Living Area: 7629 Square Feet
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: Wall Unit(s)Has HeatingHeating Fuel: Wall Furnace
Fireplace & Spa No Fireplace
Gas & Electric Electric: Company: PUD
Windows, Doors, Floors & Walls Flooring: Concrete, Laminate, Vinyl, Carpet, Laminate Hardwood, Wall to Wall Carpet
Levels, Entrance, & Accessibility Number of Stories: 2Floors: Concrete, Laminate, Vinyl, Carpet, Laminate Hardwood, Wall To Wall Carpet
View Has a ViewView: Territorial

Exterior Features
Exterior Home Features Roof: FlatFoundation: Poured Concrete
Parking & Garage Open Parking Spaces: 20No CarportHas Open ParkingParking Spaces: 20Parking: Open
Frontage Road Frontage: AlleyNot on Waterfront
Water & Sewer Sewer: Sewer Connected, Company: Everett Public Works
Farm & Range Does Not Include Irrigation Water Rights
Surface & Elevation Elevation Units: Feet

Days on Market
Days on Market: 180+

Property Information
Year Built Year Built: 1947
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multi FamilyArchitecture: Multi Family
Building Construction Materials: Brick, Wood Siding
Property Information Condition: FixerUsage of Home: Multi-Family, Residential, Retail, See RemarksParcel Number: 00544700501300

Price & Status
Price List Price: $1,150,000Price Per Sqft: $151
Status Change & Dates Possession Timing: Close Of Escrow

Location
Direction & Address City: EverettCommunity: Pinehurst
School Information High School District: Everett

Agent Information
Listing Agent Listing ID: 2156193

Building
Building Area Building Area: 7629 Square Feet

Community
Not Senior CommunityUnits in Building: 9

HOA
HOA Fee: No HOA Fee

Lot Information
Lot Area: 0.61 acres

Listing Info
Special Conditions: Standard

Offer
Listing Terms: Cash Out

Compensation
Buyer Agency Commission: 3Buyer Agency Commission Type: %
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous
Mls Number: 2156193Offer Review: Seller intends to review offers upon receipt

Additional Information
Mlg Can ViewMlg Can Use: IDX, VOW, BO

Price History for 2011 Madison Street

Date	Price	Event	Source
02/26/2024	$1,150,000	PendingToActive	NWMLS #2156193

12/24/2023	$1,150,000	Pending	NWMLS #2156193

09/05/2023	$1,150,000	Listed For Sale	NWMLS #2156193

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Comparable Sales for 2011 Madison Street

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
2020 74th Street SE, Everett, WA	0.37	Multi-Family Home	$670,000	07/31/23	4	4	1,758
1729 Madison Street, Everett, WA	0.17	Multi-Family Home	$1,100,000	02/29/24	8	8	3,920
6302 Broadway, Everett, WA	0.34	Multi-Family Home	$900,000	05/17/23	7	4	3,529
2519 Madison Street UNIT 1 & 2, Everett, WA	0.31	Multi-Family Home	$640,000	04/08/24	5	2	2,080
7701 Timber Hill Drive, Everett, WA	0.70	Multi-Family Home	$1,075,000	09/08/23	8	4	3,837
7801 Timber Hill Drive, Everett, WA	0.73	Multi-Family Home	$1,075,000	09/08/23	8	4	3,837

Neighborhood Overview

Pinehurst

1 Home For You
Buy: $1.15m

See Local Highlights

Neighborhood stats provided by third party data sources.

What Locals Say about Pinehurst

MM
Resident
4y ago
"Plenty of sidewalks and all dogs are friendly. There are dogs that wander off leash though so if your dogs don’t like others be aware. There is also a large population of cats here."
0
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Salmonbrew
Resident
4y ago
"easy regional bus service to Seattle, Boeing, local transit to downtown Everett and Everett airport. nnnnnn"
0
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Kymberly D.
Resident
4y ago
"there is a lot of crime, homelessness, and addicts in the area not a safe place to let children play unsupervised even for a second"
0
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M
Resident
5y ago
"People walk their dogs but many just let them roam. They are all nice, but if you don’t like dogs.... no better time to get used to them! "
0
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Margaret
Resident
5y ago
"I have to drive to work. Traffic on holidays and when schools are closed is great, otherwise traffic is very congested."
0
Flag
KrimsonAngel
Resident
5y ago
"people let their dogs use your yard to drop a load and leave it. As in these people walk to specific people's yards that own dogs and wait until they do their business in your yard. "
0
Flag
Kymberly D.
Resident
5y ago
"busy streets, careless drivers, non attentive vehicles, little to no yard, most in the area don't clean up after their dogs when walking them, if your property is a convenient shortcut there is no preventing everyone from taking advantage of it at all hours of day and night"
0
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Alsuwaid1973
Visitor
5y ago
"Interesting !!!! Homes that get people’s attention from anywhere and really nice to know more About the homes in the City! "
4
Flag
Baileyksk
Resident
5y ago
"Quiet piece of paradise! Shhh don’t tell anyone 😄This is a small neighborhood that has been very safe. I think it’s quiet and on a dead end..long street right next to the Snohomish county walking trail. Many people have lived here since the 60’s but new families moving in. Most people keep yards very neat and tidy. Some homes being remodeled, etc. I have seen raccoons 2 years ago, but none recently. So convenient to shopping, Everett Mall, restaurants, Evergreen area, Fred Meyers, but East off Casino. . The Boeing freeway crisscrosses this area but is raised so I really don’t notice the noise which borders Walking trail. Cascade high school is across the way and my daughter loved coming home for lunch. Hope good neighbors continue to move in."
8
Flag
Mdgraeber
Resident
5y ago
"I've lived here for 12 years, it's a normal place, not too quiet, not too wild. Close to shopping, highways and schools. Boeing is right down the road and a few parks for the kids."
2
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LGBTQ Local Legal Protections

Additional Cost

Leslie Ota, Windermere Real Estate Midtown

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2024 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website.

2011 Madison Street, Everett, WA 98203 is a 3 bedroom, 4 bathroom, 7,629 sqft multi-family built in 1947. 2011 Madison Street is located in Pinehurst, Everett. This property is currently available for sale and was listed by NWMLS on Sep 5, 2023. The MLS # for this home is MLS# 2156193.

2011 Madison Street
Everett, WA 98203

$1,150,000

$1,150,000

Local Information