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324 3rd Ave S
Edmonds, WA 98020 Outlying Lynnwood-Snohomish

$1,500,000 USD

Apartments For Sale • 4,296 SF

Property Details

Property Type Apartments
Total Building Size 3,750 SF
Lot Size 0.2 AC
Building Class C
Year Built 1959
Cap Rate 4.07 %
Zoning RM15

50 Transit Score

50 Walk Score

                
                    Highlights
                
                                Prime Edmonds Bowl location
                            
                                Seller financing available
                            
                                 Surface and 2 garage spaces
                            
                                Value-add opportunity
                            
                                Future redevelopment potential
                            
                                Adjacent triplex also for sale

Property Flyers

324 3rd Ave S - RPIWDD

Financial Summary (Actual)

Net Operating Income: $61,006 USD (2025)

Cap Rate:

4.07 %

Amenities

Courtyard
Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
Edmonds Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	1 min	9 min	0.5 mi
Airport	Drive	Walk	Distance
Seattle Paine Field International	23 min	-	11.2 mi
Seattle-Tacoma International	47 min	-	30.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Will Douglas 206-457-6775 Paragon Real Estate Advisors

324 3rd Ave S Edmonds, WA 98020 Outlying Lynnwood-Snohomish