Listed by Will Douglas • Paragon Real Estate Advisors.
For sale
$1,525,000
Est. $9,322/mo —
6
bd
•
4 ba
•
3,138
sq ft
300 Edmonds St, Edmonds, WA 98020
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About this home
Tartan Apartments is a well-located four-unit apartment opportunity in the heart of the highly desirable Edmonds Bowl. Situated on a prominent corner lot at Edmonds St and 3rd Ave N, just two blocks from Main Street, the property sits in one of the tightest and most sought-after submarkets in the region, where inventory remains extremely limited and small multifamily assets rarely trade. With a Walk Score of 84, residents enjoy exceptional walkability to Downtown Edmonds' shops, restaurants, and waterfront. Built in 1965, the single-story wood frame and brick building features an attractive unit mix consisting of 2 - two-bedroom, one-bathroom units (approximately 870 SF) and 2 - one-bedroom, one-bathroom units (approximately 700 SF). Every unit includes an in-unit washer and dryer, a full kitchen appliance package, and dual-pane vinyl windows, while the single-level layout gives each resident ground-level access, a rare and highly marketable feature in the downtown core. The building is plumbed with copper, topped with a pitched composition shingle roof, and offers five off-street parking stalls, more than one per unit. This asset presents a compelling value-add opportunity, with in-place rents trailing market and a clear path to increasing income through unit turnover and light interior updates.
Multi-familyProperty Type
1965Year Built
7,405 sq ftLot Size
$486Price/Sq.Ft.
Listed by Will Douglas• Paragon Real Estate Advisors
Downtown Edmonds, located between Puget Sound and the wooded slopes above Main Street, is a walkable and waterfront Edmonds neighborhood with a ferry-facing shoreline and a compact, historic street grid. The neighborhood’s character concentrates around the Main St & 5th Ave intersection, where galleries, espresso bars, and small boutiques line the sidewalks. Brick storefronts and early-20th-century facades mix with low-rise condos and view-oriented apartments stepping toward the water. The Edmonds Center for the Arts anchors the cultural calendar, while Brigid’s Bottleshop and Salish Sea Brewing Co. set a relaxed, local tone. Marina paths and pocket parks stitch daily routines to the beach and the ferry terminal.
Provided by Walk Score and Local Logic
Offer insights
300 Edmonds St · $1,525,000
$1.53M and above
75% chance or better to win
Why $1.53M+ is a strong offer
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
LIST PRICE
$1,525,000
Median list price in this area is $835,000. (45% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Bedrooms
One unit has 2 bedrooms; two units have 1 bedroom each; one unit has 2 bedrooms.
Bathrooms
Each of the four units has 1 bathroom.
Kitchen
Each unit includes a range/oven, refrigerator, and dishwasher.
Laundry & utility
Each unit includes a washer and dryer.
Flooring
Laminate and carpet flooring.
Heating & cooling
Baseboard heating.
No cooling.
Exterior features
Brick and wood products.
Home design
Fourplex.
One story.
Parking
Five uncovered parking spaces.
Construction
Brick and wood construction.
Composition roof.
Poured concrete foundation.
Utilities
Public water.
Sewer available.
Electric energy source.
Financial info
Gross scheduled income of $91,440.
Gross adjusted income of $88,697.
Total monthly income of $7,620.
Net operating income of $63,450.
Total expenses of $25,247.
Insurance expense of $3,376.
Other expenses of $4,600.
Gross rent multiplier of 16.68.
Four units with a 3% vacancy rate.
Electricity and solar
View estimated energy costs and solar savings for this home
The BD zone has the following specific purposes in addition to the general purposes for business and commercial zones listed in Chapter 16.40 ECDC: Promote downtown Edmonds as a setting for retail, office, entertainment and associated businesses supported by nearby residents and the larger Edmonds community, and as a destination for visitors from throughout the region; Define the downtown commercial and retail core along streets having the strongest pedestrian links and pedestrian-oriented design elements, while protecting downtown’s identity; Identify supporting arts and mixed-use residential and office areas which support and complement downtown retail use areas. Provide for a strong central retail core at downtown’s focal center while providing for a mixture of supporting commercial and residential uses in the area surrounding this retail core area; Focus development between the commercial and retail core and the Edmonds Center for the Arts on small-scale retail, service, and multifamily residential uses.
Zone overlays
Activity Center
Permitted uses
Include but are not limited to:
Religious facility
Automotive sales
Bank
Laundromat
General retail
Housing-Single unit
Housing-Multiple units
Hotel / motel
Medical office
Park & open space
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, 16 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 • 98020
Average low and high temperatures (°F)
46
37
47
38
52
41
58
43
64
48
70
53
73
55
74
57
69
54
57
46
51
42
48
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Edmonds. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 300 Edmonds St
$1,519,617
$5,383 under list price of $1.53M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.2M to $1.8M.