324 3rd Avenue, Edmonds, WA 98020

Listing Firm: Paragon Real Estate Advisors (206-623-8880). Listings with the three tree icon are courtesy of NWMLS.

324 3rd Avenue

Edmonds, WA 98020

LISTING #2570351

REQUEST DETAILS SCHEDULE A SHOWING

$1,350,000

STATUS Active

YEAR BUILT 1959

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

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.

PROPERTY DETAILS

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Location Information

County Snohomish

Community Edmonds / Shoreline

Latitude 47.807984

Longitude -122.380689

Directions From I5 N take exit 177 for WA 104 W - Merge onto WA 104 W - Keep right to continue on Edmonds Way. Right on Edmonds Way. Right on Pine St. Left on 3rd Ave S. Property is on the left.

Subdivision Name Edmonds Bowl

Interior Features

Has Fireplace No

Number of Fireplaces 0

Heating Baseboard

Cooling None

Floors Laminate, Vinyl, Carpet

Exterior Features

Style 5-9 Units

Is New Construction Yes

Exterior Brick, Wood, Wood Products

Foundation Poured Concrete

Roof Composition

Septic or Sewer Sewer Connected

Covered Spaces 2

Power Production Type Electric

Parking Spaces 7

Lot Size in Acres 0.2

Lot Size in Sq. Ft. 8,712

Building Total Area 3750 Square Feet

Has Waterfront No

Has View No

School

High School District Edmonds

Additional Information

Possession Closing, Subject To Tenant Rights

Property Type Residential Income

Property Subtype Multi Family

Structure Type Multi Family

Year Built 1959

Status Active

Tax Year 2025

Tax Amount $11,443

Lot Acres Source Public Records

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