Evergreen Homes with 56 - 10+ Units Style

Welcome to Evergreen, a vibrant neighborhood nestled in the heart of Everett, Washington. This charming community is known for its lush landscapes, friendly atmosphere, and a diverse range of housing options that cater to various lifestyles. With a rich blend of modern amenities and natural beauty, Evergreen is the perfect place to call home.

Evergreen boasts a variety of homes, including those with 56 to over 10 units, making it an ideal spot for families, professionals, and investors alike. These multi-unit residences offer a unique opportunity for those seeking spacious living arrangements or rental income potential. The architectural styles range from contemporary designs to classic structures, providing a visual feast for anyone who appreciates diverse aesthetics.

The neighborhood is characterized by its tree-lined streets, parks, and community spaces, which encourage outdoor activities and social gatherings. Families will appreciate the proximity to highly-rated schools, while nature enthusiasts can enjoy nearby trails and the stunning views of the Cascade Mountains. Evergreen is also conveniently located near major highways and public transportation, making commuting to Seattle and surrounding areas a breeze.

Local shops, restaurants, and entertainment venues are just a stone's throw away, ensuring that residents have everything they need within reach. Whether you're looking for a cozy café to enjoy your morning coffee or a lively spot to unwind after a long day, Evergreen has it all.

Discover the magic of Evergreen, where community spirit and natural beauty come together to create a truly enchanting living experience. Your dream home awaits in this delightful neighborhood!

Newest Evergreen Homes with 56 - 10+ Units Style

$2,300,000

2479732 MLS ⋅ ACTIVE Status

PRICE ADJUSTMENT -EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,300,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30,000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.

6325 Evergreen Way, Everett

Listing courtesy of KW Everett.

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