1921 Chestnut StEverett, WA 98201

Property Details for 1921 Chestnut St

Year built

1992

Property size (Sq ft)

1,996 SF

Property type

Apartment buildings

Description

This well-maintained Everett duplex presents a compelling investment opportunity. Located at 1921 Chestnut St, this single-story, 1992-built building boasts 1,996 square feet of net rentable space on a 6,970 square foot lot. The property features two spacious units, each offering two bedrooms, 1.75 bathrooms, and a walk-in closet in the primary bedroom. Recent upgrades (2020 & 2024) include new appliances, countertops, and interior paint, enhancing the contemporary feel. Both units include a spacious living room, pantry, and in-unit washer/dryer. A new roof was installed in 2020. One unit is currently rented at market rate, providing immediate income. The second unit is vacant, allowing for owner-occupancy or immediate rental potential. Ample parking is available with four designated spots adjacent to the building, plus additional street parking. The property's convenient location near shopping, Providence Regional Medical Center, and Interstate 5 adds to its appeal. The property is zoned R2 and is offered as a 1031 exchange opportunity. This stabilized investment, classified as a Class B multifamily property, is priced at $740,000.

Location Insight

City

Everett

County

Snohomish

State

Washington

Latitude

47.9914

Longitude

-122.187

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