#2327718, Ben Kaufman, Listing office: COMPASS
$5,000,000 List price
2501 Colby Ave Everett, WA 98201
15,081 sqft
0.3 acres
$332 / sqft
House
Property details
About 2501 Colby Ave
Turnkey 22-unit investment opportunity in downtown Everett! Built in 1908 and fully renovated in 2024, Heritage Manor blends historic charm with modern updates. Renovations include new TPO roof, updated electrical, water heaters, flooring, and stylish interiors with quartz countertops and stainless steel appliances. All units are 1-bed + den layouts, ideal for flexible living. Amenities include controlled access, on-site laundry, and 21 reserved parking spaces. Strong tenant base near Naval Station Everett, Port of Everett, and the future light rail station. Market cap rate up to 6.46%. With limited inventory and over $500K in capital improvements, this asset offers immediate cash flow and long-term upside.
Highlights
HeatingBaseboard, Radiant
StatusActive
Size15,081 sqft
Lot size0.32 Acres
Year built1908
MLS #2394216
Summary
- Flooring Type: Vinyl Plank, Carpet
- Exterior: Brick
- Heating: Baseboard, Radiant
- Cooling: None
- List Price: $5,000,000
- Price/SqFt: $331
- HOA Amount: $0
- Annual Tax Amount: $29,241
- Tax Year: 2023
- Lot: Corner Lot, Paved, Sidewalk
- Directions: I-5 N: Exit 192 Broadway/41st St, merge on Broadway, (L) on Everett Ave, (R) on Colby, property on (R). I-5 S: Exit 174 Everett Ave/US 2 East, keep (R), (R) on Everett, (R) on Colby, building on (R)
- Year Built: 1908
- Stories: 3
- Living Area: 15,081 SqFt
- Lot Size: 0.32 Acres
- MLS Number: 2394216
- MLS Name: NWMLS
- Office Name: COMPASS
- Office Phone: (206) 328-7200
- Listing Agent: Rachel Harwood
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is 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. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 11:32:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 25, 2022 | Home Sold | $4,150,000 |
| Nov 13, 2018 | Home Sold | $3,200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $3,561,000 | $29,241 |
| 2022 | $2,922,800 | $26,894 |
| 2021 | $2,922,800 | $26,760 |
| 2020 | $2,900,700 | $28,825 |
| 2019 | $2,900,700 | $32,560 |
| 2018 | $1,281,000 | $14,287 |
| 2017 | $1,208,500 | $14,705 |
History based on county public records data.
Nearby schools
8
Garfield Elementary School
Public District KG-5
0.8 mi
•2215 Pine St
6
Jackson Elementary School
Public District KG-5
1.2 mi
•3700 Federal Ave
4
Hawthorne Elementary School
Public District KG-5
1.4 mi
•1110 Poplar St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,463. Typical income of Everett, WA residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
43%
<35k
53%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
64%
Single, No Kids
12%
Single, with Kids
14%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
46%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Extreme Sports
Where do the neighbors shop?
Burlington
Family Dollar
Sam's Club
Where do the neighbors go to eat?
Popeyes
Church's Chicken
White Castle
What do the neighbors drive?
Dodge
Cadillac
Oldsmobile
What do the neighbors listen to?
Urban Contemporary
Jazz
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2501 Colby Ave
The listing price of 2501 Colby Ave property is $5,000,000.
The property 2501 Colby Ave is a house located in Everett, Washington, 98201.
Active Listing: 2501 Colby Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2501 Colby Ave are: Garfield Elementary School (GreatSchools Rating 8/10), Jackson Elementary School (GreatSchools Rating 6/10), Hawthorne Elementary School (GreatSchools Rating 4/10), North Middle School (GreatSchools Rating 4/10), Evergreen Middle School (GreatSchools Rating 5/10), Lake Stevens Middle School (GreatSchools Rating 5/10), Everett High School (GreatSchools Rating 6/10), Sequoia High School (GreatSchools Rating 3/10), Everett Reengagement Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $29,241 (source: MLS/based on county public records data).
The last sale was on April 25, 2022 for $4,150,000 (source: MLS/tax record).
The property at 2501 Colby Ave has 0 bathroom.
The property 2501 Colby Ave is 15,081 SqFt (source: MLS/tax record).
The year of construction for 2501 Colby Ave is 1908.
This home is located at 2501 Colby Ave in Everett, WA and zip code 98201 in the Bayside neighborhood. This 15,081 square foot home, which was built in 1908, sits on a 0.32 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $5,000,000.
In June 2025, from all listings sold in Everett, WA there were more than 44 sold above asking price, over 40 sold below and more than 47 were sold right at the asked price. Between May and June 2025, Everett, WA real estate market has seen increase in the number of listings by 9.5%. Listings spent 18 days on the market in June 2025, and had a median list price of $649,950 during the same period.
From Rocket Homes Real Estate and based on county public records data.