Listing provided courtesy of Specialty Real Estate GroupNWMLSas Distributed by MLSGrid- MLS# NWM2495756MLS Provider

16415 48th Avenue WEdmonds, WA 98026

Multi-Family · 3 Beds · 20,688 Sq. ft. | 0.59 Acres
$7,250,000 Active

16415 48th Avenue W Overview

Visits:
0

Newly available opportunity in a highly desirable Edmonds community. 12 townhomes priced well below replacement cost at $363 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

16415 48th Avenue W Facts & Features

  • Type Multi-Family
  • Sq. ft. 20,688
  • Price/Sq.ft. $350
  • Lot 0.59 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Edmonds
  • Elementary School: Beverly Elem
  • Middle Or Junior School: Meadowdale Mid
  • High School: Meadowdale High

Income/Expenses

  • Other Expense: 11415
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 475200
  • Insurance Expense: 6130
  • Net Operating Income: 389400
  • Total Expenses: 79200
  • Total Monthly Income: 39600
  • Water/Sewer/Garbage: 0

Building Information

  • Building Name: 164th St
  • New Construction: No
  • Year Built: 2008

Location/Region

  • Country: US
  • County Or Parish: Snohomish
  • MLS Area Major: 730 - Southwest Snohomish
  • Subdivision Name: Meadowdale

Tax Information

  • Tax Annual Amount: $61,655.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 01096100000000
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 24

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 20688
  • Building Area Units: Square Feet
  • Calculated Square Footage: 20688
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Carpet
  • Heating: Yes
  • Leasable Area: 20688
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 27
  • Parking Uncovered Total: 3

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Paved, Sidewalk
  • Lot Size Acres: 0.59
  • Lot Size Square Feet: 25700
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 24
  • Exterior Features: Wood Products
  • Number Of Units Total: 1
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 39600
  • Beds Total: 3
  • Baths Total: 3

16415 48th Avenue W Neighborhood

Community

98026 (Edmonds) Demographics

42
Median Age
3,658
Population Density (per sq. mile)
51%
College Educated
$98,415
Estimated Median Income
11,050
Estimated Total Home Owners
3,814
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

16415 48th Avenue W Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

16415 48th Avenue W Market Data

Based on the last 30 days in this zip code

$1,061,147
Average List Price
$473
Average Price per Square Foot
38
Properties Sold
62
Average Days on Market
192
Properties for Sale
Calculations provided by Reliance Network

16415 48th Avenue W History

Date Event Value Agent
5/12/2026Source: NWMLS Price Reduction
$7,250,000 -3.3%
3/20/2026Source: NWMLS Added to Database
March 20, 2026