Listed by Karen Wagner • Coldwell Banker Danforth. Bought with Westlake Associates, Inc.
Off Market Jan 2021 for $1.5M
—
Est. refi paymentEst. refi$2,189/mo
—
bd
•
— ba
•
6,432
sq ft
23523 Edmonds Way, Edmonds, WA 98026
About this home
Investor alert! 6-plex available in highly sought after neighborhood. Easy access to I-5, on bus line, walk to shopping, close to downtown Edmonds. 5-2bd units, 1-1bd unit that can be converted back to a 2 bd. W/D hookups, fireplaces, and decks in a secured building. Rents are well below market, so room for healthy increases to get up to market value. Drive by only, no sign, please do not bother tenants.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
6
Stories
2
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
—
Sq. Ft.
4,304
Year built
1986
Style
Multi-Family (5+ Unit)
County
Snohomish County
APN
00555300400107
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 12, 2026.
MR
Multiple Residential Zone
The intent and function of the Multiple Residential zone is to provide for high-density development, including townhouses and multifamily structures generally near other high-intensity land uses.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Parking Uncovered Spaces: 10
Open Parking Spaces: 10
Has Open Parking
Interior
Heating & Cooling
Has Heating
Interior Features
Interior Features: Wall to Wall Carpet
Flooring: Vinyl, Carpet
Multi-Family Financial Information
Electric Expense: $270
Insurance Expense: $3,560
Other Expense: $20,000
Net Operating Income: $46,000
Gross Adjusted Income: 57390
Gross Scheduled Income: $77,520
Total Monthly Income: 6460
Gross Rent Multiplier: 25
Total Expenses: 42000
Multi-Unit Information
Units Below Grade: true
Units In Building Total: 6
# of Units (Total): 6
Furnished: Unfurnished
Exterior
Building Information
Roof: Tile
Exterior Features
Exterior Features: Wood
Property Information
Style Code: 55 - 5-9 Units
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Very Good
Land Information
Possible Use: Commercial, Multi-Family
Lot Information
Lot Number: 2
MLS Lot Size Source: County
Site Features: Cable TV,Dock,Fenced-Partially,High Speed Internet
Zoning Jurisdiction: County
Lot Features: Dead End Street, Secluded, Value In Land
Lot Size Units: Square Feet
Lot Size Acres: 0.24
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $11,456
Tax Year: 2019
Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Conventional
Utilities
Utility Information
Water Source: Public
Water Company: Olympic View
Power Company: Snohomish PUD
Sewer: Sewer Connected
Sewer Company: Olympic View
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
Water Sewer Garbage: 6985
Location
School Information
High School District: Edmonds
Location Information
Directions: I-5 to Edmonds exit, follow SR 104 west, property will be on your right.
Public facts
Beds: —
Baths: 6.0
Sq. Ft.: 4,304
Stories: 2.0
Lot Size: 10,454 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1986
Year Renovated: —
County: Snohomish County
APN: 00555300400107
Home facts updated by county records on Jun 12, 2026
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Wednesday, July 22, 2020
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 6432
Building Area Total: 6432
Building Area Units: Square Feet
Foundation Details: Poured Concrete, Slab
Building Name: Ridge Acres
Structure Type: Multi Family
Stories Total: 3
Around this home
Schools
Sherwood Elementary School
Public K-6 • Assigned • 1.0mi
9/10
College Place Middle School
Public 7-8 • Assigned • 2.0mi
4/10
Edmonds Woodway High School
Public 9-12 • Assigned • 1.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
8/10 Flood Factor
Estimated 74-82% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 86° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
8 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Edmonds, WA • 98026
Average low and high temperatures (°F)
46
36
47
37
52
40
59
43
66
48
72
52
75
54
76
58
69
54
59
46
51
42
47
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.