Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

Welcome to Evergreen, a vibrant neighborhood nestled in the heart of Everett, Washington. Known for its lush greenery and welcoming community spirit, Evergreen is a hidden gem in Snohomish County that perfectly blends suburban tranquility with urban convenience.

The Evergreen neighborhood boasts a diverse array of homes, including the impressive commercial buildings that stretch over 10,000 square feet, catering to both residential and business needs. These properties are designed with modern aesthetics while maintaining a charm that reflects the area's rich history. Whether you’re looking for a spacious family home or a commercial space to launch your entrepreneurial dreams, Evergreen offers a variety of options to suit your lifestyle.

Residents of Evergreen enjoy a plethora of amenities, including parks, schools, and shopping centers, all within a stone's throw. The neighborhood is also well-connected to major highways, making commuting to Seattle and other nearby cities a breeze. Moreover, the stunning views of the Cascade Mountains and proximity to the Puget Sound provide a picturesque backdrop for outdoor enthusiasts.

The community is known for its friendly atmosphere, where neighbors become friends and local events bring everyone together. From farmers' markets to seasonal festivals, there’s always something happening in Evergreen, fostering a true sense of belonging.

If you're seeking a place that combines the best of both worlds—natural beauty and urban convenience—Evergreen is the perfect destination to call home. Explore the possibilities today and discover why this charming neighborhood is one of Everett's best-kept secrets!

Newest Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

$2,300,000
2475831 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 $2,30,000 ($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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