14015 61st Place W, Edmonds, WA 98206
- $1,325,000
Listing courtesy of Blake Investment Advisors.
- List Price
- $1,325,000
- Status
- PENDING
- MLS#
- 2544166
- Days on Market
- 20
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Annual Tax Ammount
- 10582
- Lot Size (sq ft)
- 10,018
- Sewer
- Sewer Connected
Property Description
The Picnic Point Fourplex is a rare 4-unit multifamily property, located just steps from the Picnic Point neighborhood in Edmonds, an affluent residential enclave known for its multimillion-dollar homes and bluff-top Puget Sound views. The property has been meticulously maintained by current ownership and features a desirable unit mix of four spacious two-bedroom, one-and-a-half-bathroom floor plans, each comprising approximately 1,050 square feet of living space. Each unit includes a wood-burning fireplace, private deck, and a primary bedroom with an en-suite bathroom. Residents also benefit from TWO separate laundry rooms on-site, with one on each floor. The property is separately metered for electricity and tenants are billed for water, sewer, and garbage usage. The property also offers an ideal owner-user opportunity, with large unit sizes and a desirable Edmonds location well-suited for a house-hacking strategy.
/u.realgeeks.media/pnwcasas/PNWCasas_BLK_Logo.jpg){kind=logo}
Additional Information
- List Date
- 2026-07-06 13:19:11
- Community
- Edmonds
- Net Operating Income
- $59,523
- Gross Adjusted Income
- $81,579
- Gross Scheduled Income
- $83,244
- Total Monthly Income
- $7,377
- Insurance Expenses
- $3,389
- Water/Sewer/Garbage Expenses
- $5,610
- Gross Rent Multiplier
- 15.9
- Total Expenses
- $27,336
- Cap Rate
- 4.49
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 14015
- Potential Terms
- Conventional
- Year Built
- 1978
- Roof
- Metal
- Other Expenses
- 7755
- Energy Source
- Electric
- School District
- Mukilteo
- Total Monthly Income
- $7,377
- Gross Scheduled Income
- $83,244
- Vacancy Rate
- 2
- Gross Adjusted Income
- $81,579
- Tax Year
- 2025
- Insurance Expense
- $3,389
- W/S/G Expenses
- $5,610
- Total Expenses
- $27,336
- Net Operating Income
- $59,523
- Gross Rent Multiplier
- 15.9
- Cap Rate
- 4.49
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.