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MLS: #NWM2521684, Listed By: Will Douglas, Paragon Real Estate Advisors, Source:NWMLS - Northwest Multiple Listing Service

318 3rd Avenue

Edmonds, WA 98026

$1,300,000 $5,480/Mo

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Overview

Bed

Bath

3,584

Sqft

0.20

Acre(Lot)

Description

Edmonds Bowl Triplex is being offered for the first time in over 45 years, presenting a rare opportunity to acquire a well-located asset in one of Edmonds’ most desirable neighborhoods. Seller financing is available for qualified buyers with flexible terms—please reach out for details. Ideally positioned in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront, this property offers exceptional walkability and long-term tenant appeal. Upper-level units feature attractive water, mountain, and territorial views, further enhancing desirability. The property showcases classic mid-century architecture centered around a private courtyard, creating a unique and inviting atmosphere for residents. Additional amenities include common laundry, storage, five off-street parking stalls, and a spacious two-car garage. This is a compelling value-add opportunity with clear upside through interior upgrades and operational improvements. With an irreplaceable location, strong existing fundamentals, and multiple paths to increased income, this offering is ideal for investors seeking stability, upside, and long-term appreciation.

Property Details

Property Type : Residential Income

Price : $1,300,000

AD Id : 78441892

MLS Id : NWM2521684

Lot Size : 0.20 Acre

Living Area Size : 3,584

Year Built : 1962

Garage : 3

County : Snohomish

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Flat

Roofing Information

Flat
Flooring Information

Flooring: Laminate, Vinyl, Carpet Construction Materials: Wood
Heating & Cooling

Heating: Baseboard Has Heating: Yes Cooling: None

Building Information

Year Built: 1962
Exterior Features

Wood, Wood Products Construction Materials: Wood Foundation Details: Poured Concrete

Lot Information

Lot Square Feet: 8712 Lot Acres: 0.2

Property Information

Property Type: Residential Income Sub Type: Multi Family Structure Type: Triplex

Listing Price Information

Original List Price:$1300000

Tax Information

Annual Tax: $9311 Tax Year: 2025 Parcel Number: 00530400000600

Parking Information

Total Parking: 7

Garage Information

Garage Space: 3

Utility Information

Sewer: Sewer Connected
Location Information

Subdivision: Edmonds Bowl City: Edmonds Direction: From I5 N take exit 177 for WA 104 W - Merge onto WA 104 W - Keep right to continue on Edmonds Way. Right on Edmonds Way. Right on Pine St. Left on 3rd Ave S. Property is on the left.

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ByOwner last updated this listing 06/10/2026 @ 06:20

MLS: NWMLS #2521684 LISTED BY: Will Douglas, Paragon Real Estate Advisors 206-623-8880 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)