324 3rd Avenue S Edmonds, WA $ 1,500,000
324 3rd Avenue S
$ 1,500,000
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324 3rd Avenue S

Edmonds, WA, 98020
$ 1,500,000
Baths0.0 Sq 3,750

Monthly Estimate*

$ 9,236

Listed by Paragon Real Estate Advisors
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324 3rd Avenue S, Edmonds, WA 98020 - Image 17
Studio

Multi-Family Home for sale in Edmonds, WA

for $1,500,000. This 3,750 square foot home was built in 1959 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,443

Style

5-9 Units

Lot Size

0.2

Year Built

1959

Town/City

Edmonds

County/Region

Snohomish

MLS | Web ID

2521636

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 1959
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 61006
Insurance Expense 4529
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Edmonds Bowl
Possible Use Multi-Family
Special Listing Conditions None
Status Active
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.
City Edmonds
Senior Community Y/N N
High School District Edmonds
Zoning Description Multi-Family
Number Of Units Total 5
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 8712
Carport Spaces 0
Carport Y/N N
Listing Terms Cash
Tax Annual Amount 11443
Electric Expense 0
Fuel Expense 0
Public Remarks 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 Finan
Leasable Area 3750
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 5
Water Sewer Garbage 8185
Property Style 55 - 5-9 Units
Cap Rate 4.07
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Exterior
Exterior Amenities Brick Wood Wood Products
Total Parking 7
Foundation Details Poured Concrete
Building Area Total 3750
Lot Size Acres 0.2
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Parking Uncovered Total 5
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Interior
Flooring Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2521636
Street Number 1 324
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* Excluded Features
List By
Ryan Iles

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$10,189
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$954
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
256968 Elementary School
257957 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$1,500,000 Listed Price

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324 3rd Avenue S, Edmonds, WA, 98020 is a Multi-Family Home for sale at $1,500,000 with 3,750 sqft and a lot size of 0.2. 324 3rd Avenue S is a studio with 0.0 baths and was built in 1959. The property's zip code is 98020 which is in Edmonds, WA