Fantastic four-plex opportunity in excellent, easy to rent area! The property needs roof, paint, and some TLC inside. Looks like about $50,000 of work would turn this into an $800,000 building. Rents are proforma. 2 units just became vacant and the seller would like the new owner to be able to see units and select tenants so isnt re-renting them. Zoning allows for 3 more units to be built on the property. Units are 2 bedrooms, 1.5 baths with in-unit laundry. Great location with easy access to park-in-ride, schools, shopping, I-5, and Boeing. Pre-inspection available on request.
Sold for $1,250,000 on 08/29/25
$1,250,000
2503 Madison St, Everett, WA 98203
8beds
0baths
3,696sqft
MultiFamily
Built in 1977
-- sqft lot
$1,245,600 Zestimate®
$338/sqft
$2,040 Estimated rent
Home value
$1,245,600
$1.16M - $1.33M
$2,040/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Refrigerator
Features
- Flooring: Tile, Carpet, Linoleum / Vinyl
Interior area
- Total interior livable area: 3,696 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 10,018 sqft
Details
- Parcel number: 00544701300901
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Everett
Other
Other facts
- Dishwasher1: Y
- Dishwasher2: Y
- Refrigerator1: Y
- Refrigerator2: Y
- Property type: MULT
- Range/oven1: Y
- Range/oven2: Y
- Dishwasher3: Y
- Dishwasher4: Y
- Refrigerator3: Y
- Refrigerator4: Y
- Range/oven3: Y
- Range/oven4: Y
- Foundation: Poured Concrete
- Sewer: Sewer Connected
- Form 17: Provided
- Water source: Public
- Roof: Composition
- Building condition: Good
- Possesion: Closing
- Energy source: Electric
- Heating and cooling: Baseboard
- Lot details: Paved Street
- View: Territorial
- Exterior: Wood
- Style: 54 - 4-Plex
- Potential terms: Conventional, Cash Out, VA, FHA
- Amenities: Thermal Windows
- Site features: Cable TV, Deck
- Floor covering: Wall to Wall Carpet, Vinyl, Ceramic Tile
- Bathrooms5: 0.00
- Bathrooms6: 0.00
- Bathrooms1: 1.50
- Bathrooms2: 1.50
- Bathrooms3: 1.50
- Bathrooms4: 1.50
- Offers: Reviewed on receipt
- Commission: 2.5%
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Sold | $1,250,000+74.8%$338/sqft |
Source: Public Record | ||
| 1/7/2021 | Sold | $715,000+10%$193/sqft |
Source:  NWMLS #1693865 | ||
| 12/2/2020 | Pending sale | $650,000$176/sqft |
Source: RE/MAX Northwest Realtors #1693865 | ||
| 12/1/2020 | Listed for sale | $650,000$176/sqft |
Source: RE/MAX Northwest Realtors #1693865 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,517 +0.6% | $975,900 -0.9% |
| 2023 | $8,464 +22.8% | $984,400 +17.5% |
| 2022 | $6,891 +0.5% | $838,000 +12% |
Find assessor info on the county website
Neighborhood: Pinehurst
Nearby schools
GreatSchools rating
- 7/10Lowell Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 6/10Evergreen Middle SchoolGrades: 6-8Distance: 1.4 mi
- 7/10Everett High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- Elementary: Lowell Elem
- Middle: Evergreen Mid
- High: Cascade High
- District: Everett
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,245,600
2% more+ $24,912
With Zillow Showcase(estimated)
$1,270,512