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  • Listed by: Paragon Real Estate Advisors • Ryan Iles
    $1,500,000

    324 3rd Avenue S, Edmonds, WA 98020

    7beds
    5baths
    3,750sqft
    : 
    $9,319/mo
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    Multi Family
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $400/sqft
    $-- HOA

    What's special

    Classic mid-century designSpacious two-car garagePrivate courtyard
    Edmonds Bowl 5 Unit, offered for the first time in over 45 years and Ideally situated in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront. Sellers are open to Seller Financing terms from qualified buyers. Please reach out for terms. Upper-level units offer attractive water, mountain, and territorial views, enhancing overall tenant appeal. The building showcases a classic mid-century design centered around a private courtyard, creating a unique and inviting living environment. Residents benefit from a common laundry and storage area, while ample off-street parking is provided via five surface stalls and a spacious two-car garage. This asset presents a compelling value-add opportunity with clear pathways to increasing rental income through interior upgrades and operational improvements. With its irreplaceable location, strong in-place fundamentals, and multiple avenues for value creation, this offering is well-suited for investors seeking a stable, well-located asset with significant long-term growth potential.
    90 days
    |
    437
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Iles,

    Paragon Real Estate Advisors,

    Will Douglas,

    Paragon Real Estate Advisors

    Source: NWMLS as distributed by MLS GRID,MLS#: 2521636MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 5
      Heating
      • Baseboard, Electric
      Cooling
      • None
      Features
      • Flooring: Laminate, Vinyl, Carpet
      • Has fireplace: No
      Interior area
      • Total structure area: 3,750
      • Total interior livable area: 3,750 sqft

      Property

      Parking
      • Total spaces: 7
      • Parking features: Garage
      • Garage spaces: 2
      • Uncovered spaces: 5
      Lot
      • Size: 8,712 Square Feet
      Details
      • Parcel number: 00530400000700
      • Zoning description: Multi-Family,Jurisdiction: City
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: 5-9 Units
      • Property subtype: Multi Family
      Materials
      • Brick, Wood Siding, Wood Products
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Year built: 1959

      Utilities & green energy

      • Sewer: Sewer Connected

      Community & HOA

      Community
      • Subdivision: Edmonds Bowl
      Location
      • Region: Edmonds

      Financial & listing details

      • Price per square foot: $400/sqft
      • Tax assessed value: $1,528,800
      • Annual tax amount: $11,443
      • Date on market: 5/12/2026
      • Cumulative days on market: 91 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,262/mo

        Price history

        DateEventPrice
        5/12/2026Listed for sale$1,500,000+130.8%$400/sqft
        Source: NWMLS as distributed by MLS GRID #2521636 Report a problem
        7/20/2007Sold$650,000$173/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$10,853 +4.4%$1,528,800 +4.6%
        2023$10,397 +7.9%$1,461,300 +4.1%
        2022$9,639 -8.6%$1,403,900 +11.2%
        2021$10,545 +10.2%$1,262,700 +9%
        2020$9,572 +4.2%$1,158,100 +17.7%
        2019$9,187 $983,800 +15.7%
        2018-- $850,000 +0.4%
        2017$8,917 +15.1%$847,000 +10.6%
        2016$7,750 $766,000 +8.7%
        2015$7,750 -3.1%$705,000 +2.7%
        2013$8,002 $686,500
        2012-- --
        2011-- --
        2010-- --
        2009-- --
        2008-- --
        2007-- --
        2002-- --
        2001$4,671 $367,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98020

        Getting around

        89 / 100
        Very Walkable
        39 / 100
        Some Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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