16415 48th Avenue W, Edmonds, WA 98026
- $7,000,000
- 20,688
- SqFt
Listing courtesy of Specialty Real Estate Group.
- List Price
- $7,000,000
- Status
- ACTIVE
- MLS#
- 2495756
- Price Change
- ▼ $250,000 1783377102
- Days on Market
- 131
- Style
- 56 - 10+ Units
- Finished SqFt
- 20,688
- Area Total SqFt
- 20688
- Annual Tax Ammount
- 61655
- Lot Size (sq ft)
- 25,700
- Sewer
- Sewer Connected
Property Description
Newly available in a highly desirable Edmonds. Inquire about possible seller financing. 12 townhomes priced well below replacement cost at $338 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.
Additional Information
- List Date
- 2026-03-20 16:42:32
- Community
- Meadowdale
- Net Operating Income
- $389,400
- Gross Adjusted Income
- $468,600
- Gross Scheduled Income
- $475,200
- Total Monthly Income
- $39,600
- Insurance Expenses
- $6,130
- Gross Rent Multiplier
- 15.78
- Total Expenses
- $79,200
- Cap Rate
- 5.5600000000000005
- Vacancy Rate
- 1
- Total Number of Units
- 1
- Unit Name
- 16415
- Potential Terms
- Cash, Conventional
- Year Built
- 2008
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 11415
- Energy Source
- Electric, Natural Gas
- School District
- Edmonds
- Elementary School
- Beverly Elem
- Middle School
- Meadowdale Mid
- High School
- Meadowdale High
- Total Monthly Income
- $39,600
- Gross Scheduled Income
- $475,200
- Vacancy Rate
- 1
- Gross Adjusted Income
- $468,600
- Tax Year
- 2025
- Insurance Expense
- $6,130
- Total Expenses
- $79,200
- Net Operating Income
- $389,400
- Gross Rent Multiplier
- 15.78
- Cap Rate
- 5.5600000000000005
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.