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(360) 901-2280
Real Estate Company
8134 212th Street SW, Edmonds, WA 98026
- $1,400,000
- 3,904
- SqFt
Listing Broker: KW Greater Seattle; Ray Senn; ;
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- 2563665
- Days on Market
- 63
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,904
- Lot Size (sq ft)
- 10,454
Property Description
Edmonds fourplex in the desirable 5 Corners area. Four matching ~976sf 2bd/1.75ba units with in-unit laundry, 8 dedicated parking spaces and a tucked away setting with private easement access. Projected Year-1 NOI of $69,248 represents a 4.95% cap rate at asking price based on current lease terms and Unit A at $2,275/mo. Seller financing available to qualified buyers. Units B, C, and D are leased through August 2027, and Unit A recently went vacant and will be marketed for lease upon completion of the current unit turn. Additional potential upside through implementation of utility reimbursement; current owner pays W/S/G. Recent improvements include full roof replacement with insulation and ventilation (2021), carport roof (2023), and exterior paint, refreshed decks, railings and stair carpeting (2024).
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Additional Information
- List Date
- 2026-08-04 01:58:11
- Community
- 5 Corners
- Potential Terms
- Cash, Conventional, FHA, Owner Will Carry, VA Loan
- Year Built
- 1986
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, High Speed Internet
- School District
- Edmonds
- Elementary School
- Chase Lake Elem
- Middle School
- College Pl Mid
- High School
- Edmonds Woodway High
- Total Monthly Income
- $8,215
- Gross Scheduled Income
- $98,580
- Vacancy Rate
- 5
- Gross Adjusted Income
- $93,651
- Tax Year
- 2026
- Insurance Expense
- $3,165
- W/S/G Expenses
- $6,600
- Total Expenses
- $24,403
- Net Operating Income
- $69,248
- Gross Rent Multiplier
- 14.2
- Cap Rate
- 4.95
Mortgage Calculator
Based on information submitted to the MLS GRID as of . 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.