About this home

The Nyland Apartments, a 19-unit multifamily investment opportunity located in highly desirable Edmonds, Washington. Completed in 2021, this charming residential community offers investors the rare chance to acquire a newly constructed property in one of the Puget Sound's most coveted and supply-constrained submarkets. The property sits on approximately one acre of land (51,000+ square feet) zoned for multifamily use, providing long-term flexibility and redevelopment potential in a rapidly growing suburban environment. The Nyland Apartments feature spacious units averaging 783 square feet with high-end interior finishes including: stainless steel appliances, granite countertops, vinyl flooring, and marble-inspired surfaces throughout. Residents benefit from modern living amenities such as air conditioning, in-unit washer and dryer, walk-in closets, and private patios or balconies compelling opportunity for investment.

Exterior features

Cement PlankedWood Products

Property details

Heating: Ductless, Radiant
Cooling: Ductless
Flooring: Laminate, Vinyl Plank, Carpet
Lot: Paved
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $42,747 (2025)

Estimate your monthly payment

$39,717/mo

Principal & interest: $36,154
Property taxes: $3,562

Down payment (20%) $1,430,000 Interest rate (%) Loan term (years)

Loan amount $5,720,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Edmonds, WA 98026

Approximate location. Contact us to confirm the exact address.

Listing courtesy of The Preview Group— Roy Gursli.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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