Listed by Tava Goldstone • John L Scott Madrona Group. Bought with Windermere Prof Partners.
Off Market May 2025 for $825K
$970,078
Est. refi paymentEst. refi$5,209/mo
5
bd
•
— ba
•
2,012
sq ft
23915 Edmonds Way, Edmonds, WA 98026
About this home
Don't miss this exceptional investment opportunity in the heart of sought-after Edmonds on a large lot! This well-maintained move-in-ready duplex features two spacious units—one offering 3 bedrooms/1 bathroom, the other with 2 bedrooms/1 bathroom. Separate electric meters and W/D in each unit. Both units enjoy the convenience of private one-car garages and ample off-street parking. Tenants will love the easy access to nearby transit, shopping, dining, and all that Edmonds has to offer. With a solid rental history and strong potential for cash flow or owner-occupancy, this property is perfect for investors or those looking to live in one unit and rent the other. A rare find in a high-demand location.
Multi-familyProperty Type
1950Year Built
0.33 acresLot Size
$482Est. Price/Sq.Ft.
8 spacesParking
Listed by Tava Goldstone• John L Scott Madrona Group
Bought with Simon Karavai• Windermere Prof Partners
*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
5
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
14,375
Year renovated
1970
Sq. Ft.
2,012
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Snohomish County
APN
00463301600502
Parking Spaces
8
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Jul 15, 2025.
RS-8
EDMONDS WAY CORRIDOR
Single-Family Residential
The RS zone has the following specific purposes in addition to the general purposes for residential zones of ECDC 16.00.010 and 16.10.000: A. To reserve and regulate areas primarily for family living in single-family dwellings; B. To provide for additional nonresidential uses which complement and are compatible with single-family dwelling use.
Zone overlays
Corridor Development
Property details
Parking
Parking Information
Parking Uncovered Spaces: 6
Covered Spaces: 2
Open Parking Spaces: 6
Has Open Parking
Interior
Heating & Cooling
Has Heating
Cooling Information: None
Interior Features
Flooring: Vinyl, Carpet
Multi-Family Financial Information
Insurance Expense: $1,641
Net Operating Income: $48,363
Gross Adjusted Income: 57600
Gross Scheduled Income: $57,600
Total Monthly Income: 4800
Gross Rent Multiplier: 15.61
Total Expenses: 9237
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 2
# of Units (Total): 2
Unit Type 1 Information
Unit Name: B
# of Bathrooms: 1
# of Bedrooms: 2
Fireplaces: 0
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: false
Actual Rent: $2,100
Unit Type 2 Information
Unit Name: A
# of Bathrooms: 1
# of Bedrooms: 3
Fireplaces: 0
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Actual Rent: $2,700
Exterior
Building Information
Construction Materials: Metal/Vinyl
Roof: Composition
Exterior Features
Exterior Features: Metal/Vinyl
Property Information
Energy Source: Electric
Style Code: 52 - Duplex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Good
Lot Information
MLS Lot Size Source: Realist
Site Features: Fenced-Partially
Lot Size Units: Square Feet
Lot Size Acres: 0.33
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $4,892
Tax Year: 2024
Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Cash
Utilities
Utility Information
Water Source: Public
Water Company: Olympic View Water & Sewer
Power Company: Snohomish County PUD
Sewer: Sewer Connected
Sewer Company: City of Edmonds
Water Sewer Garbage: 2704
Location
School Information
High School District: Edmonds
Location Information
Directions: From I-5 head west on N 205th St (aka SR-104). House on R after crossing over 240th St SW. Property on right side of street.
Public facts
Beds: 5
Baths: 2.0
Sq. Ft.: 2,012
Stories: 1.0
Parking Spaces: 8
Basement: No
Accessible: No
Lot Size: 0.33 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1950
Year Renovated: 1970
County: Snohomish County
APN: 00463301600502
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Jul 15, 2025
Other
Listing Information
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Mls Status: Sold
Listing Date Information
On Market Date: Thursday, May 1, 2025
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 2012
MLS Square Footage Source: Realist
Building Area Total: 2012
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: Duplex
Stories Total: 2
Around this home
Schools
Sherwood Elementary School
Public K-6 • Assigned • 1.3mi
9/10
College Place Middle School
Public 7-8 • Assigned • 2.1mi
4/10
Edmonds Woodway High School
Public 9-12 • Assigned • 1.7mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk 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
3/10 Heat Factor
7 days above 86° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 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.
8.6 hrs
1.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$922,000 – $1.12M
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