


324 3rd Avenue SEdmonds, WA 98020
Multi-Family · 7 Beds · 3,750 Sq. ft. | 0.20 Acres324 3rd Avenue S Overview
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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.
324 3rd Avenue S Facts & Features
- Type Multi-Family
- Sq. ft. 3,750
- Price/Sq.ft. $400
- Lot 0.20 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Edmonds
Income/Expenses
- Other Expense: 4199
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 94065
- Insurance Expense: 4529
- Net Operating Income: 61006
- Total Expenses: 28356
- Total Monthly Income: 7839
- Water/Sewer/Garbage: 8185
Building Information
- New Construction: No
- Year Built: 1959
Location/Region
- Country: US
- County Or Parish: Snohomish
- MLS Area Major: 730 - Southwest Snohomish
- Subdivision Name: Edmonds Bowl
Community/Development
- Amenities: Coin Op Laundry
Tax Information
- Tax Annual Amount: $11,443.00
- Tax Year: 2025
General Information
- Listing Terms: Cash
- Parcel Number: 00530400000700
- Possible Use: Multi-Family
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 2
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 3750
- Building Area Units: Square Feet
- Calculated Square Footage: 3750
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Laminate, Vinyl, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3750
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 7
- Parking Uncovered Total: 5
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.2
- Lot Size Square Feet: 8712
- Lot Size Units: Square Feet
- Elevation Units: Feet
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 2
- Exterior Features: Brick, Wood, Wood Products
- Number Of Units Total: 5
- Sewer: Sewer Connected
Unit Information
Unit 5 Details
- Actual Rent: 1100
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1300
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1595
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1650
- Beds Total: 1
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1800
- Beds Total: 2
- Baths Total: 1
324 3rd Avenue S Neighborhood
Community
98020 (Edmonds) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.324 3rd Avenue S Monthly Cost
324 3rd Avenue S Market Data
Based on the last 30 days in this zip code
324 3rd Avenue S History
| Date | Value | Agent |
|---|---|---|
| 5/12/2026Source: NWMLS | May 12, 2026 |






















