Location: Everett, WA
Asset Type: Multifamily | 36 Units
Site Size: ±0.69 Acres
Building Size: ±22,000 SF
Closed: May 9, 2025
Service Lines: Advisory | 1031 Exchange Support | Asset Management

The Opportunity

AGM Capital successfully facilitated the acquisition of Highway Place, a 36-unit multifamily investment located in Everett, Washington, as part of a carefully structured 1031 exchange. Situated on a ±0.69-acre site totaling approximately 22,000 square feet, the property delivers immediate cash flow with long-term upside in one of Snohomish County’s most active rental corridors.

This transaction aligned with the client’s goal to exit a long-held asset and re-invest into a higher-performing multifamily property—deferring capital gains taxes while upgrading asset quality and management oversight.

Why This Matters

Everett continues to attract multifamily investment interest due to its connectivity to employment centers, rental demand driven by population growth, and its role as a regional hub. The property’s location offers easy access to I-5, transit routes, and daily amenities, making it ideal for long-term tenancy and operational stability.

The acquisition highlights AGM’s ability to guide investors through full-cycle transaction planning—from asset identification to exchange coordination and post-close value realization.

AGM’s Strategic Role

AGM served as the client’s end-to-end advisor—identifying the off-market opportunity, modeling investment returns, and navigating the 1031 exchange process on tight timelines. Our team ensured tax-efficiency, clarity in underwriting, and a strong operational runway for long-term ownership.

Highlights

• 1031 exchange executed with full capital gains deferral

• 36-unit income-generating asset with operational and rent growth potential

• Located in a stable, demand-driven Everett rental market

• AGM providing ongoing asset management and operational strategy

• Low-touch transaction with immediate yield and long-term optionality

What This Reflects About AGM

This transaction exemplifies AGM’s hands-on, investor-first approach—using local insight, relationship-driven sourcing, and strategic planning to turn complex real estate decisions into clear, high-confidence outcomes.