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Listed by:Paragon Real Estate Advisors • Will Douglas
$ 1,525,000
Est. payment | /mo
6 Beds
4 Baths
3,138 SqFt
$ 1,525,000
Est. payment | /mo
6 Beds
4 Baths
3,138 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,138 sqft
Price per Sqft $485
Subdivision Edmonds Bowl
MLS Listing ID 2596969
Style 54 - 4-Plex
Bedrooms 6
Year Built 1965
Annual Tax Amount $9,558
Lot Size 7,405 Sqft
Property Sub-Type Multi Family
Property Description
Tartan Apartments is a well-located four-unit apartment opportunity in the heart of the highly desirable Edmonds Bowl. Situated on a prominent corner lot at Edmonds St and 3rd Ave N, just two blocks from Main Street, the property sits in one of the tightest and most sought-after submarkets in the region, where inventory remains extremely limited and small multifamily assets rarely trade. With a Walk Score of 84, residents enjoy exceptional walkability to Downtown Edmonds' shops, restaurants, and waterfront. Built in 1965, the single-story wood frame and brick building features an attractive unit mix consisting of 2 - two-bedroom, one-bathroom units (approximately 870 SF) and 2 - one-bedroom, one-bathroom units (approximately 700 SF). Every unit includes an in-unit washer and dryer, a full kitchen appliance package, and dual-pane vinyl windows, while the single-level layout gives each resident ground-level access, a rare and highly marketable feature in the downtown core. The building is plumbed with copper, topped with a pitched composition shingle roof, and offers five off-street parking stalls, more than one per unit. This asset presents a compelling value-add opportunity, with in-place rents trailing market and a clear path to increasing income through unit turnover and light interior updates.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood Products
View Y/N No
Roof Type Composition
Building
Sewer Available
Water Public
New Construction No
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby Locations