About this home

Edmonds fourplex in the desirable 5 Corners area. Four matching ~976sf 2bd/1.75ba units with in-unit laundry, 8 dedicated parking spaces and a tucked away setting with private easement access. Projected Year-1 NOI of $69,248 represents a 4.95% cap rate at asking price based on current lease terms and Unit A at $2,275/mo. Seller financing available to qualified buyers. Units B, C, and D are leased through August 2027, and Unit A recently went vacant and will be marketed for lease upon completion of the current unit turn. Additional potential upside through implementation of utility reimbursement; current owner pays W/S/G. Recent improvements include full roof replacement with insulation and ventilation (2021), carport roof (2023), and exterior paint, refreshed decks, railings and stair carpeting (2024).

Exterior features

Wood

Schools

Elementary

Chase Lake Elem

Middle

College Pl Mid

High

Edmonds Woodway High

Property details

Heating: Wall Furnace
Cooling: None
Flooring: See Remarks
Water source: Public
Sewer: Available

Costs

Annual taxes: $9,717 (2026)

Estimate your monthly payment

$7,889/mo

Principal & interest: $7,079
Property taxes: $810

Down payment (20%) $280,000 Interest rate (%) Loan term (years)

Loan amount $1,120,000

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 KW Greater Seattle— Ray Senn.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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