About this home

Rare Edmonds 4-plex investment opportunity! First time on the market in approximately 30 years, this well-located 4-plex offers an exceptional value-add opportunity with four spacious 2-bedroom, 1-bath units offering 1,034 sq ft. Three units are currently occupied at below-market rents, while the fourth is vacant and available for showings—providing an immediate opportunity to experience the property and envision its potential.The property features a large lot, abundant parking, and desirable unit sizes that provide strong rental appeal. Electrical and plumbing have been updated, while the interiors offer an opportunity for a new owner to renovate and substantially increase rents and overall income. With three existing tenants, below-market rents, and significant upside through strategic unit improvements, this property offers an attractive combination of current income and long-term appreciation potential.Ideal for an investor looking to reposition an established multifamily property in Edmonds or an owner-occupant seeking multiple units with income potential. Properties like this rarely come to market with this combination of size, parking, lot area, and rental upside. Location Location Location... with a walk score of 87 our proximity to downtown Edmonds can not be understated!

Exterior features

Property details

Heating

Baseboard

Cooling

None

Flooring

Vinyl, Carpet

View

Sound, Territorial

Lot

Alley, Curbs, Paved, Sidewalk

Sewer

Sewer Connected

Costs

Annual taxes

$10,484 (2026)

Location

Edmonds, WA 98020