324 3rd Ave S Edmonds, WA 98020
Pine Park NeighborhoodEstimated payment $8,962/month
Highlights
- No HOA
- Baseboard Heating
- Carpet
- Edmonds-Woodway High School Rated A-
- Wood Siding
- 5-minute walk to Edmonds City Park
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2521636
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,443
Year Built
- Built in 1959
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
- Poured Concrete
- Composition Roof
- Wood Siding
- Wood Composite
Interior Spaces
- 3,750 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Additional Features
- 8,712 Sq Ft Lot
- Baseboard Heating
Community Details
- No Home Owners Association
- Edmonds Bowl Subdivision
Listing and Financial Details
- Assessor Parcel Number 00530400000700
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2026 | $10,853 | $1,493,600 | $854,500 | $639,100 |
| 2025 | $10,397 | $1,528,800 | $803,500 | $725,300 |
| 2024 | $10,397 | $1,461,300 | $803,500 | $657,800 |
| 2023 | $9,639 | $1,403,900 | $803,500 | $600,400 |
| 2022 | $10,545 | $1,262,700 | $606,100 | $656,600 |
| 2020 | $9,187 | $983,800 | $506,100 | $477,700 |
| 2019 | $7,880 | $850,000 | $704,500 | $145,500 |
| 2018 | $8,917 | $831,000 | $639,500 | $191,500 |
| 2017 | $8,686 | $847,000 | $581,000 | $266,000 |
| 2016 | $7,929 | $766,000 | $463,900 | $302,100 |
| 2015 | $7,750 | $705,000 | $429,200 | $275,800 |
| 2013 | $8,002 | $686,500 | $476,900 | $209,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2026 05/12/26 | For Sale | $1,500,000 | -- | $400 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2521636
APN: 00530400000700
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.