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MLS: #NWM2521636, Listed By: Ryan Iles, Paragon Real Estate Advisors, Source:NWMLS - Northwest Multiple Listing Service

324 3rd Avenue

Edmonds, WA 98020

$1,500,000 $6,324/Mo

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Overview

Bed

Bath

3,750

Sqft

0.20

Acre(Lot)

Description

Edmonds Bowl 5 Unit, offered for the first time in over 45 years and Ideally situated in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront. Sellers are open to Seller Financing terms from qualified buyers. Please reach out for terms. Upper-level units offer attractive water, mountain, and territorial views, enhancing overall tenant appeal. The building showcases a classic mid-century design centered around a private courtyard, creating a unique and inviting living environment. Residents benefit from a common laundry and storage area, while ample off-street parking is provided via five surface stalls and a spacious two-car garage. This asset presents a compelling value-add opportunity with clear pathways to increasing rental income through interior upgrades and operational improvements. With its irreplaceable location, strong in-place fundamentals, and multiple avenues for value creation, this offering is well-suited for investors seeking a stable, well-located asset with significant long-term growth potential.

Property Details

Property Type : Residential Income

Price : $1,500,000

AD Id : 78441890

MLS Id : NWM2521636

Lot Size : 0.20 Acre

Living Area Size : 3,750

Year Built : 1959

Garage : 2

County : Snohomish

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Composition

Roofing Information

Composition
Flooring Information

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

Heating: Baseboard Has Heating: Yes Cooling: None

Building Information

Year Built: 1959
Exterior Features

Brick, Wood, Wood Products Construction Materials: Brick, 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: Multi Family

Listing Price Information

Original List Price:$1500000

Tax Information

Annual Tax: $11443 Tax Year: 2025 Parcel Number: 00530400000700

Parking Information

Total Parking: 7

Garage Information

Garage Space: 2

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 06/08/2026 @ 06:20

MLS: NWMLS #2521636 LISTED BY: Ryan Iles, 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)