Riverside Homes with 55 - 5-9 Units Style

Welcome to Riverside, a hidden gem nestled in the heart of Everett, Washington. This charming neighborhood offers a perfect blend of natural beauty and urban convenience, making it an ideal place for families, young professionals, and retirees alike. Riverside is characterized by its lush greenery, scenic waterfront views, and a tight-knit community that fosters a warm and inviting atmosphere.

One of the standout features of Riverside is its housing options, particularly the homes with 5-9 units. These multi-family residences provide a unique opportunity for those looking to invest in real estate or find a cozy home with a sense of community. With a variety of architectural styles, from modern designs to classic Northwest charm, these properties cater to diverse tastes and lifestyles. Residents enjoy spacious living areas, well-maintained grounds, and the convenience of shared amenities that enhance the overall living experience.

Beyond the homes, Riverside boasts a wealth of recreational opportunities. The nearby Snohomish River offers picturesque trails for hiking and biking, while local parks provide ample space for picnics, playdates, and outdoor activities. The neighborhood is also conveniently located near shopping centers, dining options, and schools, ensuring that everything you need is just a stone’s throw away.

Riverside is more than just a neighborhood; it’s a vibrant community where neighbors become friends and lifelong memories are made. Whether you’re looking to settle down or invest, Riverside offers a welcoming environment that truly feels like home. Come and discover the charm of Riverside today!

Newest Riverside Homes with 55 - 5-9 Units Style

$1,150,000

2547331 MLS ⋅ ACTIVE Status

Opportunity to acquire a professionally managed, turnkey, two-building, five-unit multifamily investment on a single tax parcel in the Riverside neighborhood of North Everett. The offering consists of a two-story triplex fronting Baker Avenue and a duplex accessed via Fulton Avenue. Both buildings are well maintained and feature upgraded double pane vinyl windows, new roofs as well as lots of plumbing upgrades. 3 of the 5 units are renovated with new kitchens, bathrooms, flooring and paint. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. Current cap rate of 6.18% with pro forma upside to 6.88% or beyond as below-market units are brought to current rents — providing a turnkey property with some value add potential. Strong Everett rental fundamentals backed by Boeing, Naval Station Everett, Amazon, and a robust health care economy. Gross rental income of $91,884 annually with pro forma income of $100,200 or more depending on what extent of upgrades are performed on the two unrenovated units.

2519 Baker Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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