324 3rd Avenue S, Edmonds, WA 98020

Property Description

Edmonds Bowl 5 Unit, offered for the first time in over 45 years and Ideally situated in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront. Sellers are open to Seller Financing terms from qualified buyers. Please reach out for terms. Upper-level units offer attractive water, mountain, and territorial views, enhancing overall tenant appeal. The building showcases a classic mid-century design centered around a private courtyard, creating a unique and inviting living environment. Residents benefit from a common laundry and storage area, while ample off-street parking is provided via five surface stalls and a spacious two-car garage. This asset presents a compelling value-add opportunity with clear pathways to increasing rental income through interior upgrades and operational improvements. With its irreplaceable location, strong in-place fundamentals, and multiple avenues for value creation, this offering is well-suited for investors seeking a stable, well-located asset with significant long-term growth potential.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 3:20PM

Listing Office:

Paragon Real Estate Advisors : 206-623-8880

Listing Agent:

Ryan Iles : 206-623-8880

MLS ID:

2521636

Interior

• Flooring: LaminateVinylCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: BrickWoodWood Products
• Parking: Parking spaces: 7

Construction

• Roofing: Composition
• General: 55 - 5-9 UnitsPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Edmonds
• County: Snohomish

Lot

• Zoning: 00530400000700

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls