OFF MARKET

Listed by Finn DuComb-Festor • America's Choice Real Estate. Bought with RE/MAX Metro Realty, Inc.

Off Market Nov 2021 for $2.4M

—

Est. refi paymentEst. refi $15,460/mo

—

•

— ba

•

4,850

sq ft

533 Elm Way, Edmonds, WA 98020

About this home

The Elm Way Apartments offers spacious two bed, two bath units with fireplaces, vaulted ceilings, brand new kitchens, paint, flooring, and balconies that overlook the Edmonds Bowl and have partial Sound views. There is also a one bath, one bed unit with a spacious & open floor plan. Owner has done a remarkable renovation with high-end features and immaculate attention to every detail inside & out. The building offers secured entry, covered parking, and a property with 0 renovations left to be done. This asset provides a rare opportunity for ownership of a multi-family income producing asset in the heart of the bowl. To provide market context for how rare, there have been two sales over 5 units in the last year.

Multi-familyProperty Type

1967Year Built

6,534 sq ftLot Size

$500Price/Sq.Ft.

5 spacesParking

Listed by Finn DuComb-Festor • America's Choice Real Estate

Bought with James Tjoa • RE/MAX Metro Realty, Inc.

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #1834581

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 98020, WA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.8%

0.4% MoM

Median sale price

$1.2M

$26K MoM

Avg. days on market

13d

4 days MoM

Recently sold homes

104

11 MoM

New listings for sale

NEW 8 MINS AGO
$1,999,950
5 beds3 baths3,650 sq ft
24167 E Greystone Ln, Woodway, WA 98020
OPEN SAT, 12PM TO 2PM
$1,695,000
5 beds4 baths4,066 sq ft
18805 94th Ave W, Edmonds, WA 98020
Terry Vehrs • Windermere Real Estate/M2, LLC
OPEN SAT, 12PM TO 2PM
$845,000
3 beds2 baths1,582 sq ft
9626 Laurel Ln, Edmonds, WA 98020
Ann Babb-Nordling • RE/MAX Northwest
OPEN SAT, 11AM TO 1PM
$1,500,000
3 beds2.5 baths2,548 sq ft
814 6th Ave S, Edmonds, WA 98020
Jessie Grandpre • Windermere Real Estate/M2, LLC
OPEN SAT, 1PM TO 3PM
$1,174,000
3 beds2.5 baths1,549 sq ft
502 3rd Ave N, Edmonds, WA 98020
Christie Elliott • Real Property Associates, Inc.
NEW 28 HRS AGO
$400,000
1 bed1 bath629 sq ft
550 Elm Way #105, Edmonds, WA 98020
Vince Grant • RE/MAX Elite
NEW 29 HRS AGO
$779,999
3 beds2.5 baths1,734 sq ft
23424 100th Ave W, Edmonds, WA 98020
Eric Gouge • The Agency Seattle/Eastside
OPEN SAT, 11AM TO 2PM
$489,000
2 beds1.5 baths1,037 sq ft
510 Forsyth Ln #210, Edmonds, WA 98020
Alashia Wartelle • Windermere Real Estate GH LLC
OPEN TODAY, 4PM TO 5PM
$1,380,000
3 beds2 baths1,547 sq ft
9822 Cherry St, Edmonds, WA 98020
Heather Blacksmith • Lake & Company
OPEN SAT, 11AM TO 1PM
$2,099,000
4 beds4 baths3,854 sq ft
9819 Cherry St, Edmonds, WA 98020
Dale Wampler • Keller Williams Seattle Metro
See all

Provided by Redfin

Sale history for 533 Elm Way

Year

Property tax

Land + Additions

Assessment*

2026

$16,459 (+12.8%)

$733,900 + $1,319,700

$2,053,600

2025

$14,589 (+29.5%)

$733,900 + $1,319,700

$2,053,600

2024

$11,269 (−21.8%)

$733,900 + $848,500

$1,582,400

2023

$14,411 (+21.0%)

$733,900 + $1,363,500

$2,097,400

2022

$11,909 (−0.9%)

$570,300 + $854,700

$1,425,000

2021

$12,022 (+19.1%)

$570,300 + $883,300

$1,453,600

2020

$10,096 (+13.7%)

$570,300 + $883,300

$1,453,600

2019

$8,879 (−20.1%)

$470,300 + $610,000

$1,080,300

2018

$11,112 (+14.6%)

$357,500 + $587,500

$945,000

2017

$9,696 (+28.8%)

$357,500 + $587,500

$945,000

2016

$7,530 (+1.7%)

$357,500 + $587,500

$945,000

2015

$7,403 (+1.7%)

$263,900 + $409,100

$673,000

2014

$7,281 (+0.2%)

$263,900 + $409,100

$673,000

2013

$7,267 (+4.9%)

$263,900 + $391,100

$655,000

2012

$6,929 (+1.7%)

$294,000 + $329,000

$623,000

2011

$6,813 (+2.2%)

$340,800 + $282,200

$623,000

2010

$6,668

$481,100 + $271,400

$752,500

2009

$6,668

$481,100 + $271,400

$752,500

Tax history for 533 Elm Way

Year

Property tax

Land + Additions

Assessment*

2026

$16,459 (+12.8%)

$733,900 + $1,319,700

$2,053,600

2025

$14,589 (+29.5%)

$733,900 + $1,319,700

$2,053,600

2024

$11,269 (−21.8%)

$733,900 + $848,500

$1,582,400

2023

$14,411 (+21.0%)

$733,900 + $1,363,500

$2,097,400

2022

$11,909 (−0.9%)

$570,300 + $854,700

$1,425,000

2021

$12,022 (+19.1%)

$570,300 + $883,300

$1,453,600

2020

$10,096 (+13.7%)

$570,300 + $883,300

$1,453,600

2019

$8,879 (−20.1%)

$470,300 + $610,000

$1,080,300

2018

$11,112 (+14.6%)

$357,500 + $587,500

$945,000

2017

$9,696 (+28.8%)

$357,500 + $587,500

$945,000

2016

$7,530 (+1.7%)

$357,500 + $587,500

$945,000

2015

$7,403 (+1.7%)

$263,900 + $409,100

$673,000

2014

$7,281 (+0.2%)

$263,900 + $409,100

$673,000

2013

$7,267 (+4.9%)

$263,900 + $391,100

$655,000

2012

$6,929 (+1.7%)

$294,000 + $329,000

$623,000

2011

$6,813 (+2.2%)

$340,800 + $282,200

$623,000

2010

$6,668

$481,100 + $271,400

$752,500

2009

$6,668

$481,100 + $271,400

$752,500

*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

Stories

Lot width

—

Lot depth

—

Lot size

6,534 Sq. Ft.

Year renovated

—

Sq. Ft.

4,850

Year built

1967

Style

Multi-Family (5+ Unit)

County

Snohomish County

APN

00472200000900

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 24, 2026.

RM-1.5

Multiple Residential Zone

The RM zone has the following specific purposes in addition to the general purposes for residential zones; To reserve and regulate areas for a variety of housing types, and a range of greater densities than are available in the middle housing residential zones, while still maintaining a residential environment; To provide for those additional uses which complement and are compatible with multiple residential uses.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Public service
Educational/school
Park & open space

Property details

Parking

Parking Information
Carport Spaces: 4

Interior

Virtual Tour

Interior Features
Interior Features: Central A/C, Ceramic Tile, Laminate Hardwood
Flooring: Ceramic Tile, Laminate

Multi-Family Financial Information
Electric Expense: $1,080
Insurance Expense: $2,510
Other Expense: $4,314
Net Operating Income: $106,330
Gross Adjusted Income: 131066
Gross Scheduled Income: $137,964
Total Monthly Income: 497
Gross Rent Multiplier: 18
Total Expenses: 24736

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 5
Vacancy Rate: 5
# of Units (Total): 5

Exterior

Building Information
Roof: Built-Up

Exterior Features
Exterior Features: Metal/Vinyl, Wood Products

Property Information
Energy Source: Electric
Style Code: 55 - 5-9 Units
Property Type: Residential Income
Property Sub Type: Multi Family
Has View

Land Information
Possible Use: Multi-Family

Lot Information
MLS Lot Size Source: Realist
Site Features: Cable TV,Deck,High Speed Internet
Zoning Jurisdiction: City
Lot Features: Curbs, Paved, Sidewalk
Lot Size Units: Square Feet
Lot Size Acres: 0.15
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $12,032
Tax Year: 2021

Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Not Disclosed

Utilities

Utility Information
Water Source: Public
Sewer: Sewer Connected
Water Sewer Garbage: 4800

Location

School Information
Elementary School: Sherwood ElemSw
Middle Or Junior High School: College Pl Mid
High School: Edmonds Woodway High
High School District: Edmonds

Location Information
Directions: West on Edmonds Wy (Hwy 104) toN on 5th Ave S, R on Elm Wy.

Community Information
Amenities: Basement,Coin Op Laundry,Storage

Public facts

Beds: —
Baths: 8.0
Sq. Ft.: 4,850
Stories: 2.0
Lot Size: 6,534 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1967
Year Renovated: —
County: Snohomish County
APN: 00472200000900

Home facts updated by county records on Jul 24, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Friday, September 3, 2021

Green Information
Power Production Type: Electric

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 4850
Building Area Total: 4850
Building Area Units: Square Feet
Foundation Details: Block
Building Name: Elm Way Apartments
Structure Type: Multi Family
Stories Total: 2

Around this home

Schools

Sherwood Elementary School

Public K-6 • Assigned • 0.7mi

9/10

College Place Middle School

Public 7-8 • Assigned • 2.1mi

4/10

Edmonds Woodway High School

Public 9-12 • Assigned • 1.8mi

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

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)

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

Is this your home?

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NEW 8 MINS AGO

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Christie Elliott • Real Property Associates, Inc.

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OPEN TODAY, 4PM TO 5PM

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Heather Blacksmith • Lake & Company

Home values near 533 Elm Way

Data from public records.

Address	Redfin Estimate
539 Elm Way, Edmonds, WA 6 Beds \| 4 Baths \| 3276 Sq. Ft.	$1,338,993
539 Elm Way #A&B, Edmonds, WA - Beds \| - Baths \| 3276 Sq. Ft.	$1,218,771

Address	Redfin Estimate
551 Elm Way, Edmonds, WA - Beds \| - Baths \| 3384 Sq. Ft.	$1,458,230
1122 6th Avenue South, Edmonds, WA 3 Beds \| 1.5 Baths \| 1378 Sq. Ft.	$947,254

Address	Redfin Estimate
551 Elm Way, Edmonds, WA 4 Beds \| 3 Baths \| 3384 Sq. Ft.	$1,028,789
530 Fir Place, Edmonds, WA 3 Beds \| 3 Baths \| 2906 Sq. Ft.	$1,225,929

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2021. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 98020, WA

Sale history for 533 Elm Way

Tax history for 533 Elm Way

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 98020

Home values near 533 Elm Way

More real estate resources