2515 Oakes Ave · Everett, WA 98201
Source: NWMLS · Kelly Right RE of Seattle LLC · Luxi Meng #NWM2476036
About this home
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.
Location
Basics
- Property type
- Multi Family
- Style
- Tri-plex
- Stories
- 3 stories
- Condition
- Fair
- Year built
- 1904
- Building area
- 1,768 sq ft
- Lot size
- 4,356 sq ft (0.1 acres)
- County
- Snohomish
- MLS #
- NWM2476036
Interior
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Laminate, Carpet
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- View
- City
- Waterfront
- No
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Everett
Transaction
- Listed on
- Feb 3, 2026
- Days on market
- 228
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2016-12-12
- Sold$365,000
- 2000-05-09
- Sold$125,000
Schools
School district: Everett
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Everett High SchoolSchoolDigger 3 stars · Top 38% in WA
Listing provided courtesy of: Kelly Right RE of Seattle LLC
Listing agent: Luxi Meng.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-17.