Property Details
16415 48th Avenue W
Edmonds, WA 98026
$7,250,000
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Meadowdale
Listed
Mar 20, 2026
Original Price
$7,500,000
Structure Type
Multi Family
Parcel Number
01096100000000
Tax & HOA
Annual Property Tax
$61,655 (2025)
Est. Monthly Tax
$5,138/mo
Financial Summary
Cap Rate
5.20%
Net Operating Income
$389,400
Gross Scheduled Income
$475,200
Gross Rent Multiplier
15.78
Total Expenses
$79,200
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
20,688
Leasable Area
20,688 sqft
Total Units
1
Lot Size
25,700 sqft
Year Built
2008
Exterior & Lot
Lot Size
0.59 sqft
Year Built
2008
Garage
24 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Corner Lot, Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
Follow 28th Ave W/Alderwood Mall Pkwy and 164th St SW to your destination
Location
City
Edmonds
County
Snohomish
Coordinates
47.84984, -122.29756
Additional Information
Tax Year
2025
Annual Taxes
$61,655
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 10:37 AM. 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.
