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318 3rd Ave S, Edmonds, WA 98026

  • $1,300,000

  • bed

  • bath

  • 3,584

    Sqft ($363/Sqft)

House for sale 2 days
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About 318 3rd Ave S

Property type House
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Parking 3 garage spaces
Property description
Edmonds Bowl Triplex is being offered for the first time in over 45 years, presenting a rare opportunity to acquire a well-located asset in one of Edmonds’ most desirable neighborhoods. Seller financing is available for qualified buyers with flexible terms—please reach out for details. Ideally positioned in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront, this property offers exceptional walkability and long-term tenant appeal. Upper-level units feature attractive water, mountain, and territorial views, further enhancing desirability. The property showcases classic mid-century architecture centered around a private courtyard, creating a unique and inviting atmosphere for residents. Additional amenities include common laundry, storage, five off-street parking stalls, and a spacious two-car garage. This is a compelling value-add opportunity with clear upside through interior upgrades and operational improvements. With an irreplaceable location, strong existing fundamentals, and multiple paths to increased income, this offering is ideal for investors seeking stability, upside, and long-term appreciation.
Listed by
Listing Agent - Will Douglas
Listing Office - Paragon Real Estate Advisors
Source: NWMLS mls logo
MLS#2521684 • last updated 2 days ago
Movoto checked NWMLS for data 18 minutes ago
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Overview
Cooling/AC None
Heating Baseboard
Levels/Style Triplex
MLS # 2521684
SubType Multi Family
Type Residential Income
SqFt 3584
Status Active
Lot Size (SqFt) 8712
Lot Size (Acres) 0.2
Property Tax 9311
Year Built 1962
Interior
Exterior
Foundation Poured Concrete
Roof Flat
Construction Wood
# Covered Spaces 3
# Parking Spaces 7
# Garage Spaces 3
# Uncovered Spaces 4
Amenities / Utilities
Sewer/ Septic Sewer Connected
Power Production: Type Electric
HOA Amenities Coin Op Laundry
Location
County Snohomish
Subdivision Edmonds Bowl
Area 730 - Southwest Snohomish
High School District Edmonds
APN 530400000600
Zoning Multi-Family
Directions From I5 N Take Exit 177 For WA 104 W - Merge Onto WA 104 W - Keep Right To Continue On Edmonds Way. Right On Edmonds Way. Right On Pine St. Left On 3rd Ave S. Property Is On The Left.
Multifamily Details
Net Operating Income 58132
Capitalization Rate 4.47
Expense: Insurance 1591
Gross Scheduled Income 80469
Expense: Other 4379
Gross Adjusted Income 79664
Total Expenses 21532
Gross Rent Multiplier 16.2
Nwm_Totalmonthlyincome 6706
Vacancy Rate 1
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Source: GreatSchools.org © 2026. All rights reserved.

Around 730 - Southwest Snohomish

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70/100
Dining
91/100
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  • Real Estate
  • WA
  • Snohomish County
  • Edmonds
  • 98026
  • 318 3rd Ave S

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