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Listed by:The Preview Group • Jesse L. Jaynes
$1,400,000
Est. payment /mo
8 Beds
4 Baths
4,136 SqFt
Pending
642 Maple ST Edmonds, WA 98020
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,136 sqft
Price per Sqft $338
Subdivision Downtown Edmonds
MLS Listing ID 2573263
Style 54 - 4-Plex
Bedrooms 8
Year Built 1959
Annual Tax Amount $10,484
Lot Size 6,534 Sqft
Property Sub-Type Multi Family
Property Description
Rare Edmonds 4-plex investment opportunity! First time on the market in approximately 30 years, this well-located 4-plex offers an exceptional value-add opportunity with four spacious 2-bedroom, 1-bath units offering 1,034 sq ft. Three units are currently occupied at below-market rents, while the fourth is vacant and available for showings—providing an immediate opportunity to experience the property and envision its potential.The property features a large lot, abundant parking, and desirable unit sizes that provide strong rental appeal. Electrical and plumbing have been updated, while the interiors offer an opportunity for a new owner to renovate and substantially increase rents and overall income. With three existing tenants, below-market rents, and significant upside through strategic unit improvements, this property offers an attractive combination of current income and long-term appreciation potential.Ideal for an investor looking to reposition an established multifamily property in Edmonds or an owner-occupant seeking multiple units with income potential. Properties like this rarely come to market with this combination of size, parking, lot area, and rental upside. Location Location Location... with a walk score of 87 our proximity to downtown Edmonds can not be understated!
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood
Amenities Available Cable TV
View Y/N Yes
View Sound, Territorial
Roof Type Torch Down
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Lease Purchase, VA Loan
Listing Terms Lease Purchase, VA Loan
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