16415 48th Ave W

Edmonds, WA 98026

$7,250,000
Price
3
Beds
3
Baths
20,688 Sq. Ft.
$350 / Sq. Ft.
20,688
Sq. Ft.
$350
per Sq. Ft.
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Listing provided courtesy of Specialty Real Estate Group
Source: Northwest MLS

Description

Newly available opportunity in a highly desirable Edmonds community. 12 townhomes priced well below replacement cost at $363 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...Newly available opportunity in a highly desirable Edmonds community. 12 townhomes priced well below replacement cost at $363 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.
  1. Listed by Adrian Chu • Specialty Real Estate Group
    P: (800)-967-0180 TeamAdrian@sregusa.com

Property Details for 16415 48th Avenue West

Community Name
Meadowdale
School District
Edmonds
View
Territorial
Number of Assigned Spaces
27
Total Covered Parking
24
Entry Date
03-20-2026
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 05/12/2026 10:28 AM

Property Details for 16415 48th Avenue West

StatusActive
MLS #2495756
Days on Market55
Cumulative Days on Market55
Taxes$61,655 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2008
Lot Size0.59 AC / 25,700 SF
CountySnohomish County
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Location

Listing Courtesy of Specialty Real Estate Group
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Building Information for 16415 48th Avenue West

Stories3Residences1Year Built2008Building Size-Lot Size0.59 AC / 25,700 SF

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$41,645 per month

30 year fixed, 6.46% Interest

Principal and Interest

$36,508

Property Taxes

$5,138

HOA Dues

$0

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Property Information for 16415 48th Avenue West

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 730 - Southwest Snohomish
  • Elementary School: Beverly Elem
  • Middle Or Junior School: Meadowdale Mid
  • High School: Meadowdale High
  • Directions: Follow 28th Ave W/Alderwood Mall Pkwy and 164th St SW to your destination
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 24.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Ceramic Tile, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 0
  • Power Company: Snohomish County PUD
  • Sewer Company: Alderwood Water & Wastewater District
  • Water Company: Alderwood Water & Wastewater District
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • First Right Of Refusal: false
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 27
Lot Information
  • Lot Details: Corner Lot, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 01096100000000
  • Calculated Square Footage: 20688
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 20688.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 3
  • Number of Stories in Building: 3
  • Vacancy Rate: 1
  • Number Of Units Total: 1
  • Units Below Grade: false
  • Units In Building Total: 12
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 79200
  • Gross Adjusted Income: 468600
  • Gross Rent Multiplier: 15.78
  • Gross Scheduled Income: $475,200
  • Insurance Expense: $6,130
  • Net Operating Income: $389,400
  • Other Expenses: $11,415
  • Total Monthly Income: 39600
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1-12
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1724
  • Rent Unit 1: $39,600.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 3
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 20688.0

Property History for 16415 48th Avenue West

DateEvent & SourcePriceAppreciation
May 12, 2026

Price Change

NWMLS #2495756

$7,250,000—
Mar 20, 2026

Listed (Active)

NWMLS #2495756

$7,500,000—
DateEvent & SourcePrice
05/12/2026

Price Change

NWMLS #2495756

$7,250,000
03/20/2026

Listed (Active)

NWMLS #2495756

$7,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16415 48th Avenue West

Taxable ValueLand$343,000Additions$274,900Total$617,900
Tax Record2025$5,138 ($428 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt1,604 SqFtAbove Ground SqFt1,604 SqFtStories1StyleCondominiumYear Built2008ZoningSICountySNOHOMISHAPN01096100000300Fireplace TypeHas Fireplace

Schools near 16415 48th Avenue West

This home is within Edmonds School District.
Rating
School
Type
Grades
Distance
Meadowdale Elementary School
Public - K to 6
Meadowdale Middle School
Public - 7 to 8
Meadowdale High School
Public - 9 to 12
Edmonds Career Access Program
Public - 9 to 12
Rating
School
Distance
Meadowdale Elementary School
PublicK to 6

Meadowdale Middle School
Public7 to 8

Meadowdale High School
Public9 to 12

Edmonds Career Access Program
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16415 48th Avenue West, Edmonds, WA 98026

16415 48th Avenue West is a multi-family home for sale in Edmonds, WA 98026. This property was listed for sale on March 20, 2026 by Specialty Real Estate Group, it's currently listed at $7,250,000. This listing's school district is Edmonds School District. Nearby schools include Meadowdale Elementary School, Meadowdale Middle School and Meadowdale High School. 16415 48th Avenue West is a 3-bed, 3-bath, 20,688 sqft multi-family home built in 2008.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Specialty Real Estate Group

Based on information submitted to the MLS GRID as of 05/12/2026 10:28 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.