Property Details
9010 236th Street SW
Edmonds, WA 98026
$1,450,000
Active
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Property Overview
Investor opportunity meets peace of mind in this serene, centrally located Edmonds four-plex! Tucked away like a hidden gem, this property offers a tranquil setting with exceptional access to everyday conveniences. Featuring a versatile unit mix of one 3-bedroom, one 2-bedroom, and two 1-bedroom apartments, offering spacious living areas and attractive updates including newer cabinetry, quartz countertops, and stainless steel appliances.Perfect for investors or an owner-occupant seeking a live/rent (“house-hack”) lifestyle, this property is just minutes from transit, ferry access, parks, the waterfront, shopping, and restaurants.Major capital improvements provide added confidence and long-term value, including a new driveway and extensive French drain system installed approximately two years ago—a $70,000 investment designed to proactively manage drainage and protect the property. Additional moisture-control upgrades include two newer commercial-grade dehumidifier/air pump systems serving the lower units, a sump pump system installed in Unit 2, and thoughtful infrastructure improvements implemented to support long-term building performance. With ample parking, strong utility, and major systems already addressed, this property offers a compelling buy-and-hold investment or owner-occupied opportunity in one of Edmonds’ most desirable locations.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Edmonds
Listed
May 28, 2026
Structure Type
Quadruplex
Parcel Number
00463300400104
Tax & HOA
Annual Property Tax
$9,348 (2025)
Est. Monthly Tax
$779/mo
Financial Summary
Cap Rate
5.20%
Net Operating Income
$76,336
Gross Scheduled Income
$94,680
Gross Rent Multiplier
15.31
Total Expenses
$18,344
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
3,640
Leasable Area
2,528 sqft
Total Units
4
Lot Size
8,276 sqft
Year Built
1977
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1977
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Wood
Community & Access
Directions
Edmonds Way to 236th, West on 236th about 150', turn South a mailboxes, on Left at end of street
Location
City
Edmonds
County
Snohomish
Coordinates
47.78427, -122.35395
Additional Information
Tax Year
2025
Annual Taxes
$9,348
Possession
Array
Based on information submitted to the MLS GRID as of June 10, 2026 3:00 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.
