324 3rd Avenue S Edmonds, WA 98020
324 3rd Avenue S
Edmonds, WA 98020
$1,500,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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 Features
Community: Edmonds Bowl
5-9 Units
Exterior: Brick
Exterior: Wood
Exterior: Wood Products
Roof: Composition
Year Built: 1959
2025 Taxes: $11443.00
Buyer Broker Comp.: 2.5%
Listing #: 2521636
Lot Details
Lot Size: 0.20 acres
No. of Units: 5
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Coin Op Laundry
Call or Email:
Grace Wamwere
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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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