About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

505 Edmonds St, Edmonds, WA 98020

$2,819,000

Last sold 10/06/2005 for $1.19M

—
bed
—
bath

House not for sale

About 505 Edmonds St

Property type House

Neighborhood

Year built 1977

HOA fee $0/month

Lot size 7,405 Sqft

Movoto estimate

Property description

A house & 6-unit apartment building,on two lots, in the heart of Downtown Edmonds-2 blks from fountain,4 blks from beach!Secured apt building has Sound views,rooftop terrace,patios,garages,storage units.All common areas & four apts have been renovated.New windows (2004) & roof (2003).Easy-to-rent 3 bedroom house (and its upstairs 1-bedroom)has a view of the Sound.Apply to city of Edmonds to request business zoning for the house. www.505edmonds.com/sale

Listed by

Listing Agent - Donald DeSantis

Listing Office - John L. Scott, Inc.

Source: NWMLS

MLS#25110597 • last updated 2 years ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Levels/Style	Multi Family
MLS #	25110597
SubType	Multi-Family
Type	Residential Income
Status	Sold
Lot Size (SqFt)	7405
Lot Size (Acres)	0.17
Property Tax	5804
Buying Office	RE/MAX Northwest Realtors
Year Built	1977
Buying Office Phone	206-522-5500
HOA Fee	Annually, 0
Condition	Remodeled

Interior
Interior Features	Wall To Wall Carpet

Exterior
# Open Parking Spaces	1
# Covered Spaces	7
# Parking Spaces	8
# Uncovered Spaces	1
Exterior Features	Wood

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, City Of Edmonds
Water	Public
Power Company	PUD 1
Power Production: Type	Electric
HOA Amenities	Storage, Thermal Windows

Location
County	Snohomish
Subdivision	Downtown Edmonds
Area	_730SouthwestSnohom
High School District	Edmonds
APN	434202400300
Zoning	Multi-Family

Multifamily Details
Net Operating Income	52216
Capitalization Rate	4.36
Expense: Insurance	4080
Expense: Electricity	288
Gross Scheduled Income	73980
Expense: Other	3000
Gross Adjusted Income	70281
Total Expenses	18065
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	6165
Vacancy Rate	5

$2.81M

Range: $1.97M-$3.66M

Last 30 days

Rental est.: $1,579/month

• Gross rent multiplier: 63.1

Lower your payment with the loan terms that fit you.

Oct 2005
Public Records
Oct 6, 2005 Sold
$1,185,000 (-0.8%)
Oct 2005
MLS # 25110597
Oct 6, 2005 Sold
$1,195,000
Jul 28, 2005 Listed
$1,195,000

Year Property taxes Tax assessment
2025
$8,110 +6.1%

$1,099,400 -1.22%
2023
$7,642 -4.1%

$1,113,000 +16.59%
2022
$7,972 -8.4%

$954,600 +4.79%
2021
$8,704 +2.3%

$911,000
2020
$8,507 +17.0%

$911,000 +16.2%
2019
$7,268 +5.0%

$784,000
2018
$6,921 +2.5%

$784,000 +24.25%
2015
$6,750

$631,000

505 Edmonds St
$1.19M
_730southwestsnohom
—
98020
$799K -6% y/y
Edmonds
$729K -3% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
403 Edmonds St, Edmonds, WA 98020	$1,282,000	3/1	1,346	0.01
233 5th Ave N, Edmonds, WA 98020	$1,214,000	2/1	1,122	0.03
418 Edmonds St, Edmonds, WA 98020	$735,000	1/1	576	0.04
234 4th Ave N, Edmonds, WA 98020	$1,708,000	4/2	2,226	0.05
410 Daley St, Edmonds, WA 98020	$934,000	2/1	840	0.06
412 Daley St, Edmonds, WA 98020	$936,000	2/1	640	0.06
424 Daley St, Edmonds, WA 98020	$1,264,000	3/2	1,229	0.06
230 4th Ave N, Edmonds, WA 98020	$1,091,000	2/1	970	0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.