All homes

$1,350,000

324 3rd Avenue

Edmonds, WA 98020

Active

Beds

Baths

Sq Ft

Lot

0.20 ac

Year built

1959

Type

Residential Income

Days listed

20

MLS #

2570351

About this home

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.

Exterior features

BrickWoodWood Products

Property details

Heating
Baseboard
Cooling
None
Flooring
Laminate, Vinyl, Carpet
Sewer
Sewer Connected

Costs

Annual taxes
$11,443 (2025)

Estimate your monthly payment

$7,780/mo

Principal & interest
$6,826
Property taxes
$954
Loan amount $1,080,000

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 98020

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Paragon Real Estate Advisors— Ryan Iles.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.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.

No spam. We'll only reach out about your search.