Edmonds fourplex in the desirable 5 Corners area. Four matching ~976sf 2bd/1.75ba units with in-unit laundry, 8 dedicated parking spaces and a tucked away setting with private easement access. Projected Year-1 NOI of $69,248 represents a 4.95% cap rate at asking price based on current lease terms and Unit A at $2,275/mo. Seller financing available to qualified buyers. Units B, C, and D are leased through August 2027, and Unit A recently went vacant and will be marketed for lease upon completion of the current unit turn. Additional potential upside through implementation of utility reimbursement; current owner pays W/S/G. Recent improvements include full roof replacement with insulation and ventilation (2021), carport roof (2023), and exterior paint, refreshed decks, railings and stair carpeting (2024).
| MLS # | 2563665 |
|---|---|
| Listing Type | For Sale |
| Building Name | SD |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1986 |
| Days On Site | 95 |
| Listing Provided By | KW Greater Seattle | Ray Senn |
| SQ Feet | 3,904 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Multi-Family |
| Acreage | 0.24 |
| Property | 9717 |
|---|
| State | WA |
|---|---|
| County | Snohomish |
| City | Edmonds |
| Zip Code | 98026 |
| Area | 730 Southwest Snohomish |
| Community Name | 5 Corners |
| School District | Edmonds Woodway High |
| Elementary School | Chase Lake Elem |
| High School | Edmonds Woodway High |
| Listing VS Median (in 5 Corners) | |
Price: $1,400,000 low | high Med: $547,500 sqft: 3,904 low | high Med: 1,272 $ / sqft: $359 low | high Med: $432 On site: 95 low | high Med: 53.5 | |
| State | WA |
|---|---|
| County | Snohomish |
| City | Edmonds |
| Zip Code | 98026 |
| Area | 730 Southwest Snohomish |
| Community Name | 5 Corners |
| School District | Edmonds Woodway High |
| Elementary School | Chase Lake Elem |
| High School | Edmonds Woodway High |
| Listing VS Median (in 5 Corners) | |
Price: $1,400,000 low | high Med: $547,500 sqft: 3,904 low | high Med: 1,272 $ / sqft: $359 low | high Med: $432 On site: 95 low | high Med: 53.5 | |
![]() | $1,335,00022001 81st PlaceEdmonds, WA 98026 |
![]() | $1,295,00022006 81st PlaceEdmonds, WA 98026 |
![]() | $1,315,00022005 81st PlaceEdmonds, WA 98026 |