Property Details

533 4th Ave S

Edmonds, WA 98020

$1,850,000

Pending

CBA# 711134 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

4,302

Bldg Sq Ft

Units

2.00%

Cap Rate

1960

Year Built

Property Overview

Located in the heart of the Edmonds Bowl neighborhood, this apartment community offers investors a rare opportunity to acquire a well-positioned asset just blocks from Downtown Edmonds and the Puget Sound. The property’s walkable location provides tenants with convenient access to restaurants, shops, waterfront parks, and transit. Originally built in 1960, the property features classic mid-century design centered around a charming courtyard setting. Its durable brick veneer exterior, complemented by a new roof, recently painted cedar siding, and updated dual-pane windows, provides both curb appeal and low-maintenance ownership. All 6 units have updated electrical panels. The property is comprised of 6 units, including four 1-bed and two 2-bed homes. Top-floor units enjoy sweeping views of