Property Details
1254 8th Avenue S
Edmonds, WA 98020
$1,200,000
Active
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Property Overview
Rare generational investment opportunity in the heart of the highly sought-after Edmonds Bowl! This grandfathered triplex has been lovingly held for years and is a truly uncommon offering in one of the area's most desirable coastal communities. Multi-family properties of this caliber rarely come to market. This well-maintained property is in great condition and features updated countertops in all three units. The unit mix includes one 1-bedroom+ office/1-bath unit and two 1Bed/1Bath Unit three 2-bedroom/1-bath, providing strong rental appeal and excellent income potential. Live in one unit and rent the other two, or maximize cash flow by leasing all three units. With a strong rental history and low vacancy risk, this triplex represents a premium investment opportunity in a high-demand market. Whether you're an investor looking to expand your portfolio or an owner-occupant seeking supplemental income. Seller will consider owner financing for qualified buyers. Ideally located within walking distance of downtown Edmonds, the waterfront, ferry terminal, beaches, restaurants, boutiques, and the popular Farmers Market. Convenient access to Highway 99, I-5, and near Boeing.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Edmonds Bowl
Listed
Jun 12, 2026
Structure Type
Triplex
Parcel Number
27032500304000
Tax & HOA
Annual Property Tax
$7,190 (2026)
Est. Monthly Tax
$599/mo
Financial Summary
Cap Rate
3.00%
Net Operating Income
$36,940
Gross Scheduled Income
$53,400
Gross Rent Multiplier
22.47
Total Expenses
$16,460
Building & Use
Building Sq Ft
2,580
Leasable Area
2,580 sqft
Total Units
3
Lot Size
6,978 sqft
Year Built
1954
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1954
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
Head I-5 N to Mountlake Terrace and take Exit 177 for WA-104 W / NE 205th St. Turn left onto WA-104 W (Lake Ballinger Way, which becomes Edmonds Way).Follow WA-104 W into downtown Edmonds. Turn right
Location
City
Edmonds
County
Snohomish
Coordinates
47.79722, -122.36984
Additional Information
Tax Year
2026
Annual Taxes
$7,190
Possession
Array
Based on information submitted to the MLS GRID as of June 20, 2026 11:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
