318 3rd Avenue, Edmonds, WA 98026

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

318 3rd Avenue

Edmonds, WA 98026

LISTING #2570382

REQUEST DETAILS SCHEDULE A SHOWING

$1,225,000

STATUS Active

YEAR BUILT 1962

PROPERTY TYPE Residential Income

ABOUT THIS PROPERTY

Edmonds Bowl Triplex is being offered for the first time in over 45 years, presenting a rare opportunity to acquire a well-located asset in one of Edmonds’ most desirable neighborhoods. Seller financing is available for qualified buyers with flexible terms—please reach out for details. Ideally positioned in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront, this property offers exceptional walkability and long-term tenant appeal. Upper-level units feature attractive water, mountain, and territorial views, further enhancing desirability. The property showcases classic mid-century architecture centered around a private courtyard, creating a unique and inviting atmosphere for residents. Additional amenities include common laundry, storage, five off-street parking stalls, and a spacious two-car garage. This is a compelling value-add opportunity with clear upside through interior upgrades and operational improvements. With an irreplaceable location, strong existing fundamentals, and multiple paths to increased income, this offering is ideal for investors seeking stability, upside, and long-term appreciation.

PROPERTY DETAILS

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Location Information

County Snohomish

Community Edmonds / Shoreline

Latitude 47.808148

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 Tri-plex

Is New Construction Yes

Exterior Wood, Wood Products

Foundation Poured Concrete

Roof Flat

Septic or Sewer Sewer Connected

Covered Spaces 3

Power Production Type Electric

Parking Spaces 7

Lot Size in Acres 0.2

Lot Size in Sq. Ft. 8,712

Building Total Area 3584 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 Triplex

Year Built 1962

Status Active

Tax Year 2025

Tax Amount $9,311

Lot Acres Source Public Records

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