Listed by Paragon Real Estate Advisors, Bought with Capstone Commercial
NOT LISTED FOR SALE

1116 5th Ave S Edmonds, WA 98020

Pine Park Neighborhood
-- Bed
-- Bath
25,700 Sq Ft
0.82 Acres

Last Sold September 29, 2019

Last sale price $7,000,000 $272 Per Sq Ft

146 Days on Market

Highlights

  • Views of a Sound
  • 0.82 Acre Lot
  • Wall to Wall Carpet
  • Edmonds Woodway High School Rated A-

About This Home

As of September 2019

Price Reduced! 24-unit apartment community located in the highly sought-after and walkable downtown Edmonds Bowl neighborhood. 2 large buildings on a single lot the property has had many upgrades in the last three years to position it well for this great location. Mostly large two-bedroom units with washers and dryers as well as storage lockers. Significant upside potential in rents and ample on-site parking.

Last Agent to Sell the Property

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 02/05/2019

Co-Listed By

Eric Smith

Paragon Real Estate Advisors License #3434

Last Buyer's Agent

John Downing

Capstone Commercial License #5176

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1408555

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,336

Year Built

  • Built in 1977

Lot Details

  • 0.82 Acre Lot

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 25,700 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 46 Parking Spaces
  • Open Parking

Community Details

  • Edmonds Bowl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 582000100700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,336

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 25700
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: Sound, Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 46
  • Open Parking: Yes
  • Total Parking Spaces: 46
  • ParkingUncoveredSpaces: 46

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 28000

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 582000100700
  • Lot Size Acres: 0.82
  • Lot Size Sq Ft: 35719
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 41735

Multi Family

  • Gross Scheduled Income: 500820
  • Net Operating Income: 339323
  • Number Of Units Total: 24
  • Insurance Expense: 7604
  • Leasable Area: 25700
  • UnitsInBuildingTotal: 24
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2019
  • Tax Annual Amount: 46336

Range of Values:

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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 Prior Sale
09/29/2019 09/29/19 Sold $7,000,000 -2.7% $272 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
06/20/2019 06/20/19 Price Changed $7,195,000 -1.4% $280 / Sq Ft
06/20/2019 06/20/19 For Sale $7,295,000 +4.2% $284 / Sq Ft
06/18/2019 06/18/19 Off Market $7,000,000 -- --
02/05/2019 02/05/19 For Sale $7,295,000 +47.5% $284 / Sq Ft
11/13/2015 11/13/15 Sold $4,945,000 +4.1% $178 / Sq Ft View Prior Sale
09/09/2015 09/09/15 For Sale $4,750,000 -- $171 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
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 2019

    Ryan Iles

    Paragon Real Estate Advisors

    (206) 812-9115

    18 Total Sales

    Ryan Iles
    Section Image

  • E

    Seller Co-Listing Agent in 2019

    Eric Smith

    Paragon Real Estate Advisors

  • John Downing

    Buyer's Agent in 2019

    John Downing

    Capstone Commercial

    (206) 369-7320

    John Downing
    Section Image

  • J

    Seller's Agent in 2015

    Jay Young

    Real Property Associates

    (206) 930-2455

    13 Total Sales

    Jay Young
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1408555

Northwest Multiple Listing Service (NWMLS)
Washington Snohomish County Edmonds 98020 Pine Park

1116 5th Ave S, Edmonds, WA

This home is located at 1116 5th Ave S, Edmonds, WA 98020 since 05 February 2019. This property was built in 1977. 1116 5th Ave S is a home located in Snohomish County with nearby schools including Sherwood Elementary School, College Place Middle School, and Edmonds Woodway High School.

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

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