2421 98th Avenue Ct E Edgewood, WA $ 2,375,000
2421 98th Avenue Ct E
$ 2,375,000
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2421 98th Avenue Ct E

Edgewood, WA, 98371
$ 2,375,000
Bedrooms9 Baths9.0 Sq 6,447

Monthly Estimate*

$ 14,996

Listed by Windermere RE South Sound, Inc
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Multi-Family Home for sale in Edgewood, WA

for $2,375,000 with 9 bedrooms and 9 full baths. This 6,447 square foot home was built in 1973 on a lot size of 5.

Rare Edgewood investment opportunity offering immediate income and future upside on approximately 5 acres. This 5-unit property includes two duplexes with identical layouts plus a single-family home. Each duplex unit features 2 bedrooms, 1.5 baths, ~1,470 SF, 2-car garage, and laundry. Main level offers entry, living room with fireplace and patio access, kitchen, dining, and half bath. Upstairs includes 2 bedrooms with Jack-and-Jill full bath and private vanity areas. Ground level provides garage and storage. Single-family home is a 1 bed, 1 bath with full basement. Extensively upgraded with new electrical and plumbing, providing a strong foundation for long-term ownership. Spacious units offer value-add potential through cosmetic updates and rent increases. Tenants pay electricity and gas; landlord pays water and sewer. Ideally located near commuter routes, shopping, and employment centers—an excellent opportunity for investors seeking both stability and growth.

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Multi-Family Active

Price

$ 2,375,000

Bedrooms

9

Full Bath

9

Property Type

Multi-Family

Taxes

$ 14,369

Style

5-9 Units

Lot Size

5

Year Built

1973

Town/City

Edgewood

County/Region

Pierce

MLS | Web ID

2545296

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Flat
HOA Fee 0
Garage Spaces 8
Year Built 1973
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 135817
Insurance Expense 4473
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Edgewood
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions Take Exit 137 for WA-99 / 54th Ave E / Milton. Head east on 54th Ave E (toward Edgewood). Continue as the road becomes Milton Way / Meridian Ave E. Turn right onto 24th St E. Turn left onto 98th Ave
High School Buyer To Verify
City Edgewood
Senior Community Y/N N
High School District Puyallup
Zoning Description Multi-Family Residential
Number Of Units Total 5
MLS Area 71 - Milton
Lot Size Units Square Feet
Lot Size Square Feet 217800
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Buyer To Verify
Tax Annual Amount 14369.87
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Updated/Remodeled
Public Remarks Rare Edgewood investment opportunity offering immediate income and future upside on approximately 5 acres. This 5-unit property includes two duplexes with identical layouts plus a single-family home.
Leasable Area 6447
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company City of Milton
Units Below Grade false
Units In Building Total 5
Water Sewer Garbage 6140.13
Property Style 55 - 5-9 Units
Cap Rate 5.4
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Exterior
Exterior Amenities Wood
Parking Features RV Parking
Lot Features Dead End Street Paved
Water Source Public
Total Parking 5
Foundation Details Poured Concrete
Building Area Total 6447
Lot Dimensions 164x1264x161x1265
Lot Size Acres 5
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Gas Available Patio RV Parking
Parking Uncovered Total 5
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type 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 NWM2545296
Street Number 1 2421
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* Excluded Features
List By
Terri Reade

Listing Agent

Windermere Re South Sound, Inc

Broker

Affordability Calculator

$16,193
Per Month
93%
7%
0%
Monthly Principal & Interest
$14,996
Monthly Property Taxes
$1,197
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3100633 Elementary School
3100499 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
6/25/2026$2,375,000 Listed Price

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2421 98th Avenue Ct E, Edgewood, WA, 98371 is a Multi-Family Home for sale at $2,375,000 with 6,447 sqft and a lot size of 5. 2421 98th Avenue Ct E has 9 bedrooms, 9.0 baths, and was built in 1973. The property's zip code is 98371 which is in Edgewood, WA