About 3323 Oakes Avenue 1-12
Built in 1980, Royal Oakes offers an investment opportunity with both immediate cash flow and potential upside through unit renovations. The current4.7% cap rate should stabilize near the 5% range as rents are increased in 2026, basic renovations could allow for a cap rate above 8%. Versatile unit mix of six 2-bedroom/1-bath apartments, two 2-bedroom/2-bath units,and four 1-bedroom/1-bath units, Most with in unit Laundry. Recent upgrades include two roofs replaced five years ago.Amenities including secure building access, private decks, professional landscaping, an elevator for easy accessibility, and two ADA-compliant units.14 garage parking stalls, additional guest parking, ample off-street parking, and two coin-operated laundry rooms.
Features of 3323 Oakes Avenue 1-12
| MLS® # | 2407341 |
|---|---|
| Price | $2,200,000 |
| Price Per SqFt | $239 |
| Bathrooms | 0.00 |
| Square Footage | 9,200 |
| Acres | 0.28 |
| Year Built | 1980 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Pending |
Community Information
| Address | 3323 Oakes Avenue 1-12 |
|---|---|
| Area | 740 - Everett/Mukilteo |
| Subdivision | Everett |
| City | Everett |
| County | Snohomish |
| State | WA |
| Zip Code | 98201 |
Amenities
| Parking Spaces | 16 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
Exterior
| Exterior Features | Stucco |
|---|---|
| Lot Description | Alley, Curbs, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Everett |
|---|---|
| Elementary | Buyer To Verify |
| Middle | North Mid |
| High | Everett High |
Additional Information
| Days on Market | 79 |
|---|---|
| Cumulative Days on Market | 79 |
| Days on Website | 81 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Skyline Properties, Inc. |
|---|