Listed by Paragon Real Estate Advisors, Bought with Pacific Crest
$6,000,000
SOLD OCT 24, 2025

1050 5th Ave S Edmonds, WA 98020

Pine Park Neighborhood
30 Beds
31 Baths
20,053 Sq Ft
0.62 Acres

Recently Sold

$299 Per Sq Ft

7% Below List Price

Highlights

  • 0.62 Acre Lot
  • No HOA
  • Baseboard Heating
  • Edmonds-Woodway High School Rated A-

About This Home

As of October 2025

Norge Apartments is an impressive apartment community with phenomenal curb appeal and has been maintained with great care by the same family ownership since it was built. The building sits on an expansive and gently sloping 27,007 SqFt lot with attractive mature landscaping and ample parking. The units are large, with the 1 bedroom – 1bath units averaging 816 SqFt and the 2 bedroom – 2 bath units averaging 1,135 SqFt. Most of the units feature an additional bonus room/office that offers great value for residents. There is a non-permitted studio unit on the lower level that was added by the owners as an owner/manager unit.

Last Agent to Sell the Property

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 08/19/2025

Co-Listed By

Will Douglas

Paragon Real Estate Advisors License #23011013

Last Buyer's Agent

Alfred Anderson

Pacific Crest License #111625

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2422979

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $47,550

Year Built

  • Built in 1978

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 20,053 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 31 Bathrooms

Parking

  • 40 Parking Spaces
  • Open Parking

Additional Features

  • 0.62 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10/24/2025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$47,550

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1978
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 20053
  • Special Features: None

Interior Features

  • Total Bedrooms: 30
  • Fireplace: No
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Stucco
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 16
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 40

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 10/24/2025
  • Lot Size Acres: 0.62
  • Lot Size Sq Ft: 27007
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.6
  • LeasedItems: None
  • TotalMonthlyIncome: 34547

Tax Info

  • Year: 2025
  • Tax Annual Amount: 47550

Multi Family

  • Number Of Units Total: 21
  • EnergySource: Electric
  • UnitsBelowGrade: false

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2025 10/24/25 Sold $6,000,000 -7.0% $299 / Sq Ft
09/29/2025 09/29/25 Pending -- -- --
08/19/2025 08/19/25 For Sale $6,450,000 -- $322 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Iles

    Seller's Agent in 2025

    Ryan Iles

    Paragon Real Estate Advisors

    (206) 812-9115

    1 in this area

    19 Total Sales

    Ryan Iles
    Section Image
  • Will Douglas

    Seller Co-Listing Agent in 2025

    Will Douglas

    Paragon Real Estate Advisors

    (206) 457-6775

    1 in this area

    5 Total Sales

    Will Douglas
    Section Image
  • Alfred Anderson

    Buyer's Agent in 2025

    Alfred Anderson

    Pacific Crest

    (206) 812-9157

    1 in this area

    14 Total Sales

    Alfred Anderson
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2422979

Northwest Multiple Listing Service (NWMLS)

APN: 00582000100401

Washington Snohomish County Edmonds 98020 Pine Park

1050 5th Ave S, Edmonds, WA

Sold

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes