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318 3rd Ave S
Edmonds, WA 98020
Edmonds Triplex · Multifamily Property For Sale
·
3 Units


Investment Highlights
- Excellent Edmonds Bowl location
- Value add opportunity
- Views from upper units
- Seller Financing available
- Future development potential
- Adjacent 5 unit also for sale
Executive Summary
Edmonds Bowl Triplex is being offered for the first time in over 45 years, presenting a rare opportunity to acquire a well-located asset in one of Edmonds’ most desirable neighborhoods. Seller financing is available for qualified buyers with flexible terms—please reach out for details. Ideally positioned in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront, this property offers exceptional walkability and long-term tenant appeal. Upper-level units feature attractive water, mountain, and territorial views, further enhancing desirability. The property showcases classic mid-century architecture centered around a private courtyard, creating a unique and inviting atmosphere for residents. Additional amenities include common laundry, storage, five off-street parking stalls, and a spacious two-car garage. This is a compelling value-add opportunity with clear upside through interior upgrades and operational improvements. With an irreplaceable location, strong existing fundamentals, and multiple paths to increased income, this offering is ideal for investors seeking stability, upside, and long-term appreciation.
Property Facts
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,468 CAD | 972 - 1,032 |
| 2+1.5 | 1 | $3,198 CAD | 1,580 |
Property Taxes
| Parcel Number | 005304-000-006-00 | Improvements Assessment | $630,012 CAD |
| Land Assessment | $1,177,346 CAD | Total Assessment | $1,807,359 CAD |
Property Taxes
Parcel Number
005304-000-006-00
Land Assessment
$1,177,346 CAD
Improvements Assessment
$630,012 CAD
Total Assessment
$1,807,359 CAD
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