Listing provided courtesy of Paragon Real Estate AdvisorsNWMLSas Distributed by MLSGrid- MLS# NWM2521684MLS Provider

318 3rd Avenue SEdmonds, WA 98026

Multi-Family · 6 Beds · 3,584 Sq. ft. | 0.20 Acres
$1,300,000 Active

318 3rd Avenue S Overview

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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.

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318 3rd Avenue S Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,584
  • Price/Sq.ft. $363
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Edmonds

Income/Expenses

  • Other Expense: 4379
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 80469
  • Insurance Expense: 1591
  • Net Operating Income: 58132
  • Total Expenses: 21532
  • Total Monthly Income: 6706
  • Water/Sewer/Garbage: 6251

Building Information

  • New Construction: No
  • Year Built: 1962

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: $9,311.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, Owner Will Carry
  • Parcel Number: 00530400000600
  • 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: 3

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3584
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3584
  • 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: 3584
  • 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: 4

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: Flat
  • Structure Type: Triplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 3
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 3
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1750
  • Beds Total: 2
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1800
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 2300
  • Beds Total: 2
  • Baths Total: 2

318 3rd Avenue S 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.

318 3rd Avenue S Monthly Cost

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* 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.

318 3rd Avenue S 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

318 3rd Avenue S History

Date Event Value Agent
5/12/2026Source: NWMLS Added to Database
May 12, 2026