16415 48th Avenue W Edmonds, WA $ 7,500,000
16415 48th Avenue W
$ 7,500,000
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16415 48th Avenue W

Edmonds, WA, 98026
$ 7,500,000
Baths0.0 Sq 20,688

Monthly Estimate*

$ 46,179

Listed by Specialty Real Estate Group
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Studio

Multi-Family Home for sale in Edmonds, WA

for $7,500,000. This 20,688 square foot home was built in 2008 on a lot size of 0.59.

Newly available opportunity in a highly desirable Edmonds community. 12 townhomes priced well below replacement cost at $363 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.

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Multi-Family Active

Price

$ 7,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 61,655

Style

10+ Units

Lot Size

0.59

Year Built

2008

Town/City

Edmonds

County/Region

Snohomish

MLS | Web ID

2495756

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 24
Year Built 2008
View Territorial
Property Subtype Multi Family
Tax Year 2025
Building Name 164th St
County Snohomish
Net Operating Income 389400
Insurance Expense 6130
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Meadowdale
Special Listing Conditions None
Status Active
Directions Follow 28th Ave W/Alderwood Mall Pkwy and 164th St SW to your destination
High School Meadowdale High
City Edmonds
Senior Community Y/N N
High School District Edmonds
Number Of Units Total 1
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 25700
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Beverly Elem
Tax Annual Amount 61655
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Meadowdale Mid
Public Remarks Newly available opportunity in a highly desirable Edmonds community. 12 townhomes priced well below replacement cost at $363 per finished SF not including the 7368 SF of garages. Triplex structure pr
Leasable Area 20688
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company Alderwood Water & Wastewater District
Units Below Grade false
Units In Building Total 12
Water Sewer Garbage 0
Property Style 56 - 10+ Units
Cap Rate 5.2
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Exterior
Exterior Amenities Wood Products
Lot Features Corner Lot Paved Sidewalk
Building Area Total 20688
Lot Size Acres 0.59
Waterfront Y/N N
Covered Spaces 24
Irrigation Water Rights Y/N N
Parking Uncovered Total 3
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Interior
Flooring Ceramic Tile Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2495756
Street Number 1 16415
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* Excluded Features
List By
Adrian Chu

Listing Agent

Specialty Real Estate Group

Broker

Affordability Calculator

$51,317
Per Month
90%
10%
0%
Monthly Principal & Interest
$46,179
Monthly Property Taxes
$5,138
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257905 Elementary School
256533 Middle School
Meadowdale High High School
Pricing History
DatePricePrice ChangeDescription
3/21/2026$7,500,000 Listed Price

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16415 48th Avenue W, Edmonds, WA, 98026 is a Multi-Family Home for sale at $7,500,000 with 20,688 sqft and a lot size of 0.59. 16415 48th Avenue W is a studio with 0.0 baths and was built in 2008. The property's zip code is 98026 which is in Edmonds, WA