Listed by Windermere RE South Sound, Inc
$2,375,000

2421 98th Avenue Ct E Edgewood, WA 98371

Edgewood Area

Estimated payment $14,225/month

Total Views 2,597
9 Beds
9 Baths
6,447 Sq Ft
$368 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Deck
  • No HOA
  • 5 Acre Lot
  • Territorial View
  • Patio

About This Home

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.

Listing Agent

Terri Reade

Windermere RE South Sound, Inc License #22013931 Listed on: 06/25/2026

Windermere RE South Sound, Inc

Co-Listing Agent

Jordon Smith

Windermere RE South Sound, Inc License #127823

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2545296

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,370

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 164x1264x161x1265
  • Street terminates at a dead end

Parking

  • 8 Car Garage
  • RV Access or Parking

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 6,447 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Edgewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0420094018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,370

Year Built

Built in 1973 | Remodeled

Lot Details

5 Acres

Parking

8

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1973
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 6447
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 9
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Carport Y N: No
  • Garage Spaces: 8
  • Open Parking: No
  • Parking Features: RV Parking
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lake Haven
  • WaterCompany: City of Milton
  • CableConnected: Xfinity/Comcast
  • InternetConnected: Xfinity/Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Puyallup
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0420094018
  • Lot Size Acres: 5
  • Lot Size: 164x1264x161x1265
  • Lot Size Sq Ft: 217800
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,Patio,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • ShortTermRentalYN: false
  • GrossRentMultiplier: 15.5
  • LeasedItems: None
  • TotalMonthlyIncome: 13400

Tax Info

  • Year: 2025
  • Tax Annual Amount: 14369.87

Multi Family

  • Number Of Units Total: 5
  • EnergySource: Natural Gas
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,370 $1,240,100 $427,600 $812,500
2024 $11,900 $1,235,900 $403,400 $832,500
2023 $11,900 $1,151,000 $403,400 $747,600
2022 $12,423 $1,153,200 $384,200 $769,000
2021 $12,393 $960,500 $288,100 $672,400
2019 $10,249 $832,200 $251,800 $580,400
2018 $10,255 $789,000 $237,100 $551,900
2017 $9,167 $726,800 $199,000 $527,800
2016 $8,198 $553,800 $158,400 $395,400
2014 $7,853 $527,600 $149,800 $377,800
2013 $7,853 $481,000 $131,400 $349,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/25/2026 06/25/26 For Sale $2,375,000 -- $368 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed -- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,016,250 New Conventional
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2545296

Northwest Multiple Listing Service (NWMLS)

APN: 042009-4018

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