Listing courtesy of KW Greater Seattle.
For the first time in over 20 years, this Edmonds fourplex is on the market. Tucked behind the street at the end of a private easement driveway, the property offers a setting rarely found this close to 5 Corners while remaining walkable to nearby shops and restaurants. Four matching 2x1.5 units at ~976sf each, with in-unit washer/dryers. Newer roof with added insulation and ventilation completed in 2021, carport roof replaced in 2023, full exterior repaint along with refreshed decks, railings, and new stair carpeting in 2024. This value add opportunity comes without a heavy lift, with major capital improvements already in place and no known deferred maintenance. Average rent per unit is $1,733/mo against a market average of ~$2,323/mo. The current ownership pays all water, sewer, and garbage expenses without any tenant utility bill back in place, and 8 parking spaces (4 covered) plus guest parking offer additional income potential.
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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