Property Details
8134 212th Street SW
Edmonds, WA 98026
$1,400,000
Active
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Property Overview
For the first time in over 20 years, this Edmonds fourplex is on the market. Tucked behind the street at the end of a private easement driveway, the property offers a setting rarely found this close to 5 Corners while remaining walkable to nearby shops and restaurants. Four matching 2×1.5 units at ~976sf each, with in-unit washer/dryers. Newer roof with added insulation and ventilation completed in 2021, carport roof replaced in 2023, full exterior repaint along with refreshed decks, railings, and new stair carpeting in 2024. This value add opportunity comes without a heavy lift, with major capital improvements already in place and no known deferred maintenance. Average rent per unit is $1,733/mo against a market average of ~$2,323/mo. The current ownership pays all water, sewer, and garbage expenses without any tenant utility bill back in place, and 8 parking spaces (4 covered) plus guest parking offer additional income potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
5 Corners
Listed
Aug 3, 2026
Structure Type
Quadruplex
Parcel Number
00373600300112
Tax & HOA
Annual Property Tax
$9,717 (2026)
Est. Monthly Tax
$810/mo
Financial Summary
Cap Rate
4.20%
Net Operating Income
$58,757
Gross Scheduled Income
$83,160
Gross Rent Multiplier
16.84
Total Expenses
$24,403
Building & Use
Building Sq Ft
3,904
Leasable Area
3,904 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
10,454 sqft
Year Built
1986
Exterior & Lot
Lot Size
0.24 sqft
Year Built
1986
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Exterior Features
Wood
Community & Access
Directions
GPS to the address, the property sits behind a single family home on a separate parcel. Use the private easement driveway to access the fourplex.
Location
City
Edmonds
County
Snohomish
Coordinates
47.80637, -122.34371
Additional Information
Tax Year
2026
Annual Taxes
$9,717
Possession
Array
Based on information submitted to the MLS GRID as of August 4, 2026 7:30 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.
