9010 236th Street SW, Edmonds, WA 98026
- $1,420,000
- 3,640
- SqFt
Listing courtesy of The Joseph Group.
- List Price
- $1,420,000
- Status
- ACTIVE
- MLS#
- 2530189
- Price Change
- ▼ $30,000 1783558164
- Days on Market
- 59
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,640
- Area Total SqFt
- 3640
- Annual Tax Ammount
- 9348
- Lot Size (sq ft)
- 8,276
- Sewer
- Sewer Connected
Property Description
Investor opportunity meets peace of mind in this serene, centrally located Edmonds four-plex! Tucked away like a hidden gem, this property offers a tranquil setting with exceptional access to everyday conveniences. Featuring a versatile unit mix of one 3-bedroom, one 2-bedroom, and two 1-bedroom apartments, offering spacious living areas and attractive updates including newer cabinetry, quartz countertops, and stainless steel appliances.Perfect for investors or an owner-occupant seeking a live/rent (“house-hack”) lifestyle, this property is just minutes from transit, ferry access, parks, the waterfront, shopping, and restaurants.Major capital improvements provide added confidence and long-term value, including a new driveway and extensive French drain system installed approximately two years ago—a $70,000 investment designed to proactively manage drainage and protect the property. Additional moisture-control upgrades include two newer commercial-grade dehumidifier/air pump systems serving the lower units, a sump pump system installed in Unit 2, and thoughtful infrastructure improvements implemented to support long-term building performance. With ample parking, strong utility, and major systems already addressed, this property offers a compelling buy-and-hold investment or owner-occupied opportunity in one of Edmonds’ most desirable locations.
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Additional Information
- List Date
- 2026-05-28 19:58:10
- Community
- Edmonds
- Net Operating Income
- $76,336
- Gross Adjusted Income
- $91,839
- Gross Scheduled Income
- $94,680
- Total Monthly Income
- $7,890
- Insurance Expenses
- $3,128
- Water/Sewer/Garbage Expenses
- $4,920
- Gross Rent Multiplier
- 15.31
- Total Expenses
- $18,344
- Cap Rate
- 5.2
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 9010
- Potential Terms
- Cash, Conventional
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Electric Expenses
- 324
- Other Expenses
- 624
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Sherwood ElemSw
- Middle School
- College Pl Mid
- High School
- Edmonds Woodway High
- Total Monthly Income
- $7,890
- Gross Scheduled Income
- $94,680
- Vacancy Rate
- 3
- Gross Adjusted Income
- $91,839
- Tax Year
- 2025
- Insurance Expense
- $3,128
- W/S/G Expenses
- $4,920
- Total Expenses
- $18,344
- Net Operating Income
- $76,336
- Gross Rent Multiplier
- 15.31
- Cap Rate
- 5.2
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.