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Listed by:Paragon Real Estate Advisors • Ryan Iles

$1,500,000

Est. payment - /mo

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7 Beds

5 Baths

3,750 SqFt

Active

324 3rd AVE S Edmonds, WA 98020

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Ryan Born

ryan@born-realty.com +1(206) 498-0342

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,750 sqft

Price per Sqft $400

Subdivision Edmonds Bowl

MLS Listing ID 2521636

Style 55 - 5-9 Units

Bedrooms 7

Year Built 1959

Annual Tax Amount $11,443

Lot Size 8,712 Sqft

Property Sub-Type Multi Family

Property Description

Edmonds Bowl 5 Unit, offered for the first time in over 45 years and Ideally situated in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront. Sellers are open to Seller Financing terms from qualified buyers. Please reach out for terms. Upper-level units offer attractive water, mountain, and territorial views, enhancing overall tenant appeal. The building showcases a classic mid-century design centered around a private courtyard, creating a unique and inviting living environment. Residents benefit from a common laundry and storage area, while ample off-street parking is provided via five surface stalls and a spacious two-car garage. This asset presents a compelling value-add opportunity with clear pathways to increasing rental income through interior upgrades and operational improvements. With its irreplaceable location, strong in-place fundamentals, and multiple avenues for value creation, this offering is well-suited for investors seeking a stable, well-located asset with significant long-term growth potential.

Location

State WA

County Snohomish

Area 730 - Southwest Snohomish

Interior

Flooring Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Brick, Wood, Wood Products

Garage Spaces 2.0

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Edmonds

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

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