Listed by Pacific Crest
$4,200,000

408 - 414 3rd Ave S Edmonds, WA 98020

Sherwood Forest Neighborhood

Estimated payment $25,087/month

Total Views 2,267
3 Beds
2 Baths
10,000 Sq Ft
$420 Price per Sq Ft

Highlights

  • Ocean View
  • 0.49 Acre Lot
  • Wood Flooring
  • Edmonds Woodway High School Rated A-
  • Deck
  • 4-minute walk to Edmonds City Park

About This Home

Coming to market for the first time in over 40 + years, this rare investment opportunity is located just two blocks from Downtown Edmonds - a highly coveted, prestigious and tightly held community. Marine View Apartments provide both new and experienced investors the chance to acquire a property in an unparalleled location. New owner(s) will benefit from the desirable proximity to Seattle while offering a more business-friendly environment with Snohomish County. With significant repositioning this investment is primed to capitalize on this desirable rental market.

Listing Agent

Alan Wileman

Pacific Crest License #22001097

Co-Listing Agent

Ryan Pederson

COMPASS License #23004341

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2357585

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,277

Year Built

  • Built in 1958

Lot Details

  • 0.49 Acre Lot
  • Partially Fenced Property
  • Value in Land
  • Property is in good condition

Property Views

  • Ocean
  • Mountain

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 10,000 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Sherwood Elemsw Elementary School
  • College Pl Mid Middle School
  • Edmonds Woodway High School

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Downtown Edmonds Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Legal Lot and Block 102 / 234
  • Assessor Parcel Number 27032300410200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,277

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 10000
  • Special Features: VirtualTour
  • Cumulative Days on Market: 14

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Hardwood, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Ocean
  • Lot Features: Adjacent to Public Land, Curbs, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Wood
  • Exterior Features: Brick, Wood
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Snohomish County PUD
  • SewerCompany: Edmonds Sewer
  • WaterCompany: Edmonds Water
  • CableConnected: Xfinity/Direct TV
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 13869

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds
  • High School: Edmonds Woodway High
  • Middle Or Junior School: College Pl Mid

Lot Info

  • Parcel Number: 27032300410200
  • Lot Size Acres: 0.49
  • Lot Size Sq Ft: 21344
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City
  • LotNumber: 102

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.41
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 28203

Multi Family

  • Gross Scheduled Income: 338436
  • Net Operating Income: 244762
  • Number Of Units Total: 2
  • Electric Expense: 2241
  • Insurance Expense: 10800
  • Leasable Area: 10000
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2025
  • Tax Annual Amount: 20277

MLS Schools

  • Elementary School: Sherwood ElemSw

Map

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 Change Sq Ft Price
03/25/2025 03/25/25 For Sale $4,200,000 -- $420 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2357585

Northwest Multiple Listing Service (NWMLS)

Washington Snohomish County Edmonds 98020 Sherwood Forest

408 - 414 3rd Ave S, Edmonds, WA

Homes for Sale in Edmonds, WA

This home is located at 408 - 414 3rd Ave S, Edmonds, WA 98020 and is currently priced at $4,200,000, approximately $420 per square foot. This property was built in 1958. 408 - 414 3rd 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) 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. ©2025 NWMLS.

Alan Wileman
Listing Agent
Alan Wileman
Section Image
Pacific Crest
(425) 371-4395