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).
Yost Park, located between Highway 99 and the Edmonds Bowl, is a wooded and residential Edmonds neighborhood with a ravine park core and trail-laced greenbelts. The neighborhood’s character concentrates at the Yost Park trailhead off 212th St SW, where cedar shade, footbridges, and the sound of playfields set the tempo. Mid-century ramblers and split-levels sit along curving streets, with pockets of newer townhomes near arterials. Yost Park’s ballfields and picnic lawns shape daily routines, while nearby arts and coffee culture add polish. The Edmonds Center for the Arts, Scratch Distillery, and Walnut Street Coffee serve as familiar local pillars. A short drive west, the waterfront and ferry terminal broaden the geography beyond the trees.
Provided by Walk Score and Local Logic
Offer insights
8134 212th St SW · $1,400,000
$1.38M and above
75% chance or better to win
Why $1.38M+ is a strong offer
SALE-TO-LIST
97.3%
Most homes are selling 3% below list price.
LIST PRICE
$1,400,000
Median list price in this area is $793,594. (43% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Flooring: see remarks
Bedrooms
Four 2-bedroom units (Units A–D)
Bathrooms
Each unit has 2 bathrooms
Kitchen
Range/oven in each unit
Refrigerator in each unit
Dishwasher in each unit
Laundry & utility
Washer/dryer in each unit
Flooring
See remarks
Heating & cooling
Wall furnace heating
No central air
Exterior features
Partial fencing
Deck
High-speed internet available
Property sits behind a single-family home with access via a private easement driveway
Home design
Quadruplex (4-plex) residential income property
Two stories
Built/updated effectively in 1986
Property condition: good
Parking
4 uncovered parking spaces
4 covered spaces
4 carport spaces
Security
Partially fenced
Construction
Wood construction
Composition (shingle) roof
Poured concrete foundation
Utilities
Electric energy source
Public water (City of Edmonds)
Sewer available (City of Edmonds)
Power provided by Snohomish PUD
Water/sewer/garbage combined charge listed
Financial info
Listing terms: Cash, Conventional, FHA, VA, Owner will carry
Gross scheduled income: $98,580
Gross adjusted income: $93,651
Total monthly income: $8,215
Net operating income: $69,248
Total expenses: $24,403
Insurance expense: $3,165
Other expense: $4,921
Gross rent multiplier: 14.2
Vacancy rate: 5%
Other
Four units total (no units below grade)
Electricity and solar
View estimated energy costs and solar savings for this home
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
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
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
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
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52
40
59
43
66
48
72
52
75
55
76
58
70
54
58
45
51
42
47
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
69/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.5 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8134 212th St SW
$1,345,504
$54K under list price of $1.40M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $800K to $1.4M.