Located in the heart of the Edmonds Bowl neighborhood, this apartment community offers investors a rare opportunity to acquire a well-positioned asset just blocks from Downtown Edmonds and the Puget Sound. The property’s walkable location provides tenants with convenient access to restaurants, shops, waterfront parks, and transit. Originally built in… Read More 1960, the property features classic mid-century design centered around a charming courtyard setting. Its durable brick veneer exterior, complemented by a new roof, recently painted cedar siding, and updated dual-pane windows, provides both curb appeal and low-maintenance ownership. All 6 units have updated electrical panels. The property is comprised of 6 units, including four 1-bed and two 2-bed homes. Top-floor units enjoy sweeping views of Downtown Edmonds and the Puget Sound. Residents benefit from 6 off-street parking spaces, on-site storage, and a shared laundry facility. Two units received recent remodels including in-unit laundry, and three units have dishwashers, refinished oak floors, quartz counters, and updates to kitchens and baths. This asset presents the likely opportunity for significant upside, simply by increasing rents to market levels and implementing a utility bill-back system. With its premier location, strong fundamentals, and clear path to upside, this property represents an exceptional opportunity for investors seeking both stability and growth in one of Snohomish County’s most desirable rental markets. Read Less
Listing courtesy of Kidder Mathews
Listing Snapshot
Cumulative Days On Market
25
Days on Website
37
Last Updated
Property Type
Multi Family
Square Ft.
4,302
Lot Size
0.17 Acres
Year Built
1960
Property Tax
$10,668
MLS Number
2504100
30 Days Snapshot Of 98020
$1.51M
+3%
(avg) sold price
23
-20%
homes sold
34
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 4302, Building Area Units: Square Feet, Calculated Square Footage: 4302, Elevation Units: Feet, Leasable Area: 4302, Living Area: 0, Number Of Units Total: 6, Stories Total: 2, Structure Type: "Multi Family", Units In Building Total: 6, Year Built: 1960
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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