Property Details
7929 230th Street SW
Edmonds, WA 98026
$4,210,000
Active
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Property Overview
NEW CONSTRUCTION 6-Unit Townhome. Each unit individually metered for W/S/G/E. Only out-of-pocket Landlord cost is minimal landscaping maintenance. Thoughtfully designed floorplan maximizes roommate potential or generational living with each bedroom featuring their own dedicated bathroom. All levels feature modern cabinetry, luxury vinyl plank flooring, air conditioning and recirculating hot water. Upstairs features dual Primary Suites complete with walk-in closets. Spacious laundry with built-in cabinetry. Electric vehicle charging in the side-by-side garage. High-level designer finishes thorughout appeal to a discerning tenant demographic. Units are fire sprinklered reducing insurance expense. Two miles to the Terrace Light Rail Station and one mile to the 10-acre Esperance Park. Edmonds is the crown jewel of Snohomish County with a strong employment base; a great alternative to King County. Nearby Providence Swedish Hospital is the largest employer in the area and recently posted a 30% increase in job openings. Healthcare is now the region's leading job growth sector ahead of tech. Strong area demand for housing from international students attending both Shoreline & Edmonds CC (10 min to each). Built as a Unit Lot Subdivision (ULS) which provides flexibility and opportunities to sell units individually if desired.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Esperance
Listed
Jun 15, 2026
Structure Type
Multi Family
New Construction
Yes
Parcel Number
00576700000401
Tax & HOA
Annual Property Tax
$36,000 (2026)
Est. Monthly Tax
$3,000/mo
HOA Fee
$600/monthly
Financial Summary
Cap Rate
5.05%
Net Operating Income
$213,000
Gross Scheduled Income
$258,000
Gross Rent Multiplier
16.31
Total Expenses
$45,000
Building & Use
Building Sq Ft
10,417
Leasable Area
10,540 sqft
Total Units
6
Zoning
Residential
Possible Use
Residential
Lot Size
10,542 sqft
Year Built
2026
Exterior & Lot
Lot Size
0.24 sqft
Year Built
2026
Garage
12 spaces
Exterior Materials
Cement, Cement Plank, Wood
Sewer
Sewer Connected
Lot Features
Curbs, Dead End Street, Paved, Sidewalk
Exterior Features
Cement/Concrete, Cement Planked, Wood, Wood Products
Community & Access
Directions
GPS is accurate but use previous address of 7925 230th St SW Edmonds 98026.
Location
City
Edmonds
County
Snohomish
Coordinates
47.79080, -122.34077
Additional Information
New Construction
Yes
Tax Year
2026
Annual Taxes
$36,000
Possession
Array
Based on information submitted to the MLS GRID as of June 16, 2026 12:15 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.
