318 3rd Avenue S Edmonds, WA $ 1,300,000
318 3rd Avenue S
$ 1,300,000
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318 3rd Avenue S

Edmonds, WA, 98026
$ 1,300,000
Baths0.0 Sq 3,584

Monthly Estimate*

$ 8,004

Listed by Paragon Real Estate Advisors
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Studio

Multi-Family Home for sale in Edmonds, WA

for $1,300,000. This 3,584 square foot home was built in 1962 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 1,300,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,311

Style

Tri-plex

Lot Size

0.2

Year Built

1962

Town/City

Edmonds

County/Region

Snohomish

MLS | Web ID

2521684

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject To Tenant Rights
Roof Flat
HOA Fee 0
Garage Spaces 3
Year Built 1962
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 58132
Insurance Expense 1591
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 3
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 Conventional Owner Will Carry
Tax Annual Amount 9311
Electric Expense 0
Fuel Expense 0
Public Remarks 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 financin
Leasable Area 3584
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 6251
Property Style 53 - Tri-plex
Cap Rate 4.47
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Exterior
Exterior Amenities Wood Wood Products
Total Parking 7
Foundation Details Poured Concrete
Building Area Total 3584
Lot Size Acres 0.2
Waterfront Y/N N
Covered Spaces 3
Irrigation Water Rights Y/N N
Parking Uncovered Total 4
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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 NWM2521684
Street Number 1 318
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* Excluded Features
List By
Will Douglas

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$8,780
Per Month
91%
9%
0%
Monthly Principal & Interest
$8,004
Monthly Property Taxes
$776
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$1,300,000 Listed Price

Map


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318 3rd Avenue S, Edmonds, WA, 98026 is a Multi-Family Home for sale at $1,300,000 with 3,584 sqft and a lot size of 0.2. 318 3rd Avenue S is a studio with 0.0 baths and was built in 1962. The property's zip code is 98026 which is in Edmonds, WA