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2614 Rucker Ave
Everett, WA 98201
Rucker Court · Multifamily Property For Sale
·
14 Units


Investment Highlights
- Turn-Key Asset: Fully renovated and stabilized multifamily investment.
- New Roof: Full tear off and install of a TPO Membrane Roof in 2024.
- Excellent Location: Walking distance to downtown Everett and the Port of Everett—close to jobs, retail, and transit.
- Scenic Views: Approximately half the units have panoramic views of the Puget Sound.
- Fully Renovated Units: High-end finishes including LVP flooring, updated countertops, fresh interior paint, and stainless-steel appliances.
- Parking: 14 on-site surface parking spaces plus street parking available.
Executive Summary
Northmarq is pleased to present Rucker Court, a turn-key, well-maintained multifamily investment opportunity located just north of downtown Everett. Built in 1957 and recently renovated, the property comprises 14 one-bedroom apartment units, each averaging 630
square feet with approximately half of the units having views of the Puget Sound. The location offers exceptional walkability to downtown Everett and the Port of Everett, providing residents with convenient access to major employment centers, retail, dining, and public transportation.
The property provides stable in-place income with additional upside through the potential to increase rents by up to 6% to reach market rates. Every unit has been fully renovated with high-end finishes, including luxury vinyl plank (LVP) flooring, updated countertops, fresh interior paint, and stainless-steel appliances, significantly enhancing tenant appeal and rental value. Approximately half of the units have received new cabinets. The roof was replaced in 2024 with a full tear off and new TPO membrane and exterior was recently painted, minimizing near-term capital expenditures and improving curb appeal. Residents benefit from 14 on-site surface parking spaces, in addition to available street parking, providing flexible and convenient parking options. In addition, the property offers an upgraded laundry room with new machines onsite and upgraded secure storage opportunities.
This offering represents a rare chance to acquire a stabilized, fully renovated asset with immediate income, and future growth potential in one of Snohomish County’s most promising rental markets.
square feet with approximately half of the units having views of the Puget Sound. The location offers exceptional walkability to downtown Everett and the Port of Everett, providing residents with convenient access to major employment centers, retail, dining, and public transportation.
The property provides stable in-place income with additional upside through the potential to increase rents by up to 6% to reach market rates. Every unit has been fully renovated with high-end finishes, including luxury vinyl plank (LVP) flooring, updated countertops, fresh interior paint, and stainless-steel appliances, significantly enhancing tenant appeal and rental value. Approximately half of the units have received new cabinets. The roof was replaced in 2024 with a full tear off and new TPO membrane and exterior was recently painted, minimizing near-term capital expenditures and improving curb appeal. Residents benefit from 14 on-site surface parking spaces, in addition to available street parking, providing flexible and convenient parking options. In addition, the property offers an upgraded laundry room with new machines onsite and upgraded secure storage opportunities.
This offering represents a rare chance to acquire a stabilized, fully renovated asset with immediate income, and future growth potential in one of Snohomish County’s most promising rental markets.
Property Facts
| Price Per Unit | $300,728 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.76 AC |
| Cap Rate | 6.22% | Building Size | 8,820 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | UR4 | ||
| Price Per Unit | $300,728 CAD |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.76 AC |
| Building Size | 8,820 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | UR4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 630 |
Property Taxes
| Parcel Number | 004391-615-023-00 | Improvements Assessment | $2,405,661 CAD |
| Land Assessment | $545,684 CAD | Total Assessment | $2,951,346 CAD |
Property Taxes
Parcel Number
004391-615-023-00
Land Assessment
$545,684 CAD
Improvements Assessment
$2,405,661 CAD
Total Assessment
$2,951,346 CAD
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