1254 8th Avenue S, Edmonds, WA 98020
- $1,150,000
- 2,580
- SqFt
Listing courtesy of HomeSmart One Realty.
- List Price
- $1,150,000
- Status
- ACTIVE
- MLS#
- 2536626
- Price Change
- ▼ $50,000 1783469160
- Days on Market
- 42
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,580
- Area Total SqFt
- 2580
- Annual Tax Ammount
- 7190
- Lot Size (sq ft)
- 6,979
- Sewer
- Sewer Connected
Property Description
Rare generational investment opportunity in the heart of the highly sought-after Edmonds Bowl! This grandfathered triplex has been lovingly held for years and is a truly uncommon offering in one of the area's most desirable coastal communities. Multi-family properties of this caliber rarely come to market. This well-maintained property is in great condition and features updated countertops in all three units. The unit mix includes one 1-bedroom+ office/1-bath unit and two 1Bed/1Bath Unit three 2-bedroom/1-bath, providing strong rental appeal and excellent income potential. Live in one unit and rent the other two, or maximize cash flow by leasing all three units. With a strong rental history and low vacancy risk, this triplex represents a premium investment opportunity in a high-demand market. Whether you're an investor looking to expand your portfolio or an owner-occupant seeking supplemental income. Seller will consider owner financing for qualified buyers. Ideally located within walking distance of downtown Edmonds, the waterfront, ferry terminal, beaches, restaurants, boutiques, and the popular Farmers Market. Convenient access to Highway 99, I-5, and near Boeing.
/u.realgeeks.media/pnwcasas/PNWCasas_BLK_Logo.jpg){kind=logo}
Additional Information
- List Date
- 2026-06-14 15:14:12
- Community
- Edmonds Bowl
- Net Operating Income
- $36,940
- Gross Adjusted Income
- $36,940
- Gross Scheduled Income
- $53,400
- Total Monthly Income
- $4,450
- Insurance Expenses
- $1,776
- Water/Sewer/Garbage Expenses
- $6,994
- Gross Rent Multiplier
- 21.5
- Total Expenses
- $16,460
- Cap Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 1254
- Potential Terms
- Conventional, FHA, Owner Will Carry
- Year Built
- 1954
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, RV Parking
- Other Expenses
- 500
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Sherwood ElemSw
- Middle School
- College Pl Mid
- High School
- Edmonds Woodway High
- Total Monthly Income
- $4,450
- Gross Scheduled Income
- $53,400
- Gross Adjusted Income
- $36,940
- Tax Year
- 2026
- Insurance Expense
- $1,776
- W/S/G Expenses
- $6,994
- Total Expenses
- $16,460
- Net Operating Income
- $36,940
- Gross Rent Multiplier
- 21.5
- Cap Rate
- 3
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.