2421 98th Avenue Ct E, Edgewood, WA 98371
- $2,375,000
- 6,447
- SqFt
Listing courtesy of Windermere RE South Sound, Inc.
- List Price
- $2,375,000
- Status
- ACTIVE
- MLS#
- 2545296
- Days on Market
- 107
- Style
- 55 - 5-9 Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 6,447
- Area Total SqFt
- 6447
- Annual Tax Ammount
- 14369.87
- Internet Provider
- Xfinity/Comcast
- Lot Size (sq ft)
- 217,800
- Sewer
- Sewer Connected
Property Description
Rare Edgewood investment opportunity offering immediate income and future upside on approximately 5 acres. This 5-unit property includes two duplexes with identical layouts plus a single-family home. Each duplex unit features 2 bedrooms, 1.5 baths, ~1,470 SF, 2-car garage, and laundry. Main level offers entry, living room with fireplace and patio access, kitchen, dining, and half bath. Upstairs includes 2 bedrooms with Jack-and-Jill full bath and private vanity areas. Ground level provides garage and storage. Single-family home is a 1 bed, 1 bath with full basement. Extensively upgraded with new electrical and plumbing, providing a strong foundation for long-term ownership. Spacious units offer value-add potential through cosmetic updates and rent increases. Tenants pay electricity and gas; landlord pays water and sewer. Ideally located near commuter routes, shopping, and employment centers—an excellent opportunity for investors seeking both stability and growth.
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Additional Information
- List Date
- 2026-04-10 15:58:17
- Community
- Edgewood
- Net Operating Income
- $135,817
- Gross Adjusted Income
- $160,800
- Gross Scheduled Income
- $160,800
- Total Monthly Income
- $13,400
- Insurance Expenses
- $4,473
- Water/Sewer/Garbage Expenses
- $6,140
- Gross Rent Multiplier
- 15.5
- Total Expenses
- $24,983
- Cap Rate
- 5.4
- Total Number of Units
- 5
- Unit Name
- 2421
- Potential Terms
- Cash, Conventional
- Year Built
- 1973
- View
- Territorial
- Roof
- Flat
- Site Features
- Cable TV, Deck, Gas Available, Patio, RV Parking
- Energy Source
- Natural Gas
- School District
- Puyallup
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $13,400
- Gross Scheduled Income
- $160,800
- Gross Adjusted Income
- $160,800
- Tax Year
- 2025
- Insurance Expense
- $4,473
- W/S/G Expenses
- $6,140
- Total Expenses
- $24,983
- Net Operating Income
- $135,817
- Gross Rent Multiplier
- 15.5
- Cap Rate
- 5.4
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.