8509 244th St SW

Edmonds, WA 98026

$7,150,000
Price
35
Beds
22
Baths
14,870 Sq. Ft.
$481 / Sq. Ft.
14,870
Sq. Ft.
$481
per Sq. Ft.
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Listing provided courtesy of The Preview Group
Source: Northwest MLS

Description

The Nyland Apartments, a 19-unit multifamily investment opportunity located in highly desirable Edmonds, Washington. Completed in 2021, this charming residential community offers investors the rare chance to acquire a newly constructed property in one of the Puget Sound's most coveted and supply-constrained submarkets. The property sits on approximately one acre of land (51,000+ square feet) zoned for multifamily use, providing long-term flexibility and redevelopment potential in a rapidly growing...The Nyland Apartments, a 19-unit multifamily investment opportunity located in highly desirable Edmonds, Washington. Completed in 2021, this charming residential community offers investors the rare chance to acquire a newly constructed property in one of the Puget Sound's most coveted and supply-constrained submarkets. The property sits on approximately one acre of land (51,000+ square feet) zoned for multifamily use, providing long-term flexibility and redevelopment potential in a rapidly growing suburban environment. The Nyland Apartments feature spacious units averaging 783 square feet with high-end interior finishes including: stainless steel appliances, granite countertops, vinyl flooring, and marble-inspired surfaces throughout. Residents benefit from modern living amenities such as air conditioning, in-unit washer and dryer, walk-in closets, and private patios or balconies compelling opportunity for investment.
  1. Listed by Roy Gursli • The Preview Group
    P: (425)-488-6000 rgursli@gmail.com

Property Details for 8509 244th Street Southwest

Community Name
Edmonds
School District
Edmonds
Number of Assigned Spaces
30
Total Covered Parking
0
Entry Date
07-13-2026
Energy Source
Electric,See Remarks
Sewer
Sewer Connected
LISTING UPDATED: 07/15/2026 02:23 PM

Property Details for 8509 244th Street Southwest

StatusActive
MLS #2555202
Days on Market3
Cumulative Days on Market3
Taxes$42,747 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size0.67 AC / 29,185 SF
CountySnohomish County
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Location

Listing Courtesy of The Preview Group
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Building Information for 8509 244th Street Southwest

Stories2Residences19Year Built2021Building Size-Lot Size0.67 AC / 29,185 SF

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$39,192 per month

30 year fixed, 6.36% Interest

Principal and Interest

$35,629

Property Taxes

$3,562

HOA Dues

$0

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Property Information for 8509 244th Street Southwest

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck, Electric Car Charging, Fenced-Partially, Patio, Sprinkler System
  • Area: 730 - Southwest Snohomish
  • Block: 32
  • Effective Year Built Source: Public Records
  • Directions: Hwy 99 to 244th St SW - West one block behind Arby's and Denny's
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 3.0
  • 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: Laminate, Vinyl Plank, Carpet
  • Amenities: Fire Sprinklers,Storage
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless, Radiant
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood Products
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 35051
  • Power Company: Snohomish PUD
  • Sewer Company: Olympic Water & Service
  • Water Company: Olympic Water & Service
  • Power Production Type: Electric, See Remarks
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete, Slab
  • Zoning Remarks: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2021
  • Photos Count: 4
Lot Information
  • Lot Details: Paved
  • Lot Number: portions of 3,4,5
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 00463303200303
  • Calculated Square Footage: 14870
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 14870.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 30
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 19
  • Units Below Grade: false
  • Units In Building Total: 19
Financing / Income and Expenses
  • Electric Expense: $2,584
  • Total Expenses: 159991
  • Gross Adjusted Income: 497610
  • Gross Rent Multiplier: 5.42
  • Gross Scheduled Income: $523,800
  • Insurance Expense: $8,295
  • Net Operating Income: $387,859
  • Other Expenses: $71,314
  • Total Monthly Income: 41200
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 8509-101
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 745
  • Rent Unit 1: $2,150.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 8509-102
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 656
  • Rent Unit 2: $1,950.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 8509-103
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 656
  • Rent Unit 3: $1,875.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 8509-104
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 656
  • Rent Unit 4: $1,875.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 8509-105
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 718
  • Rent Unit 5: $2,050.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 8509-201
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 756
  • Rent Unit 6: $2,200.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 8509-202
  • Washer/Dryer Unit 7: true
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: true
  • Square Feet Unit 7: 756
  • Rent Unit 7: $2,175.00
  • Bedrooms Unit 7: 2
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8509-203
  • Washer/Dryer Unit 8: true
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: true
  • Square Feet Unit 8: 756
  • Rent Unit 8: $2,100.00
  • Bedrooms Unit 8: 2
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 8509-204
  • Washer/Dryer Unit 9: true
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: true
  • Square Feet Unit 9: 756
  • Rent Unit 9: $2,125.00
  • Bedrooms Unit 9: 2
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 8509-205
  • Washer/Dryer Unit 10: true
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: true
  • Square Feet Unit 10: 756
  • Rent Unit 10: $2,100.00
  • Bedrooms Unit 10: 2
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 8513-101
  • Washer/Dryer Unit 11: true
  • Range/Oven Unit 11: true
  • Refrigerator Unit 11: true
  • Dishwasher Unit 11: true
  • Square Feet Unit 11: 618
  • Rent Unit 11: $1,800.00
  • Bedrooms Unit 11: 1
  • Fireplaces Unit 11: 0
  • Bathrooms Unit 11: 1
Unit 12
  • Name Unit 12: 8513-201
  • Washer/Dryer Unit 12: true
  • Range/Oven Unit 12: true
  • Refrigerator Unit 12: true
  • Dishwasher Unit 12: true
  • Square Feet Unit 12: 745
  • Rent Unit 12: $2,200.00
  • Bedrooms Unit 12: 2
  • Fireplaces Unit 12: 0
  • Bathrooms Unit 12: 1
Unit 13
  • Name Unit 13: 8513-202
  • Washer/Dryer Unit 13: true
  • Range/Oven Unit 13: true
  • Refrigerator Unit 13: true
  • Dishwasher Unit 13: true
  • Square Feet Unit 13: 745
  • Rent Unit 13: $2,100.00
  • Bedrooms Unit 13: 2
  • Fireplaces Unit 13: 0
  • Bathrooms Unit 13: 1
Unit 14
  • Name Unit 14: 8513-203
  • Washer/Dryer Unit 14: true
  • Range/Oven Unit 14: true
  • Refrigerator Unit 14: true
  • Dishwasher Unit 14: true
  • Square Feet Unit 14: 1278
  • Rent Unit 14: $2,845.00
  • Bedrooms Unit 14: 3
  • Fireplaces Unit 14: 0
  • Bathrooms Unit 14: 2
Unit 15
  • Name Unit 15: 8513-204
  • Washer/Dryer Unit 15: true
  • Range/Oven Unit 15: true
  • Refrigerator Unit 15: true
  • Dishwasher Unit 15: true
  • Square Feet Unit 15: 1293
  • Rent Unit 15: $2,900.00
  • Bedrooms Unit 15: 3
  • Fireplaces Unit 15: 0
  • Bathrooms Unit 15: 2
Unit 16
  • Name Unit 16: 8513-301
  • Washer/Dryer Unit 16: true
  • Range/Oven Unit 16: true
  • Refrigerator Unit 16: true
  • Dishwasher Unit 16: true
  • Square Feet Unit 16: 745
  • Rent Unit 16: $2,200.00
  • Bedrooms Unit 16: 2
  • Fireplaces Unit 16: 0
  • Bathrooms Unit 16: 1
Unit 17
  • Name Unit 17: 8513-302
  • Washer/Dryer Unit 17: true
  • Range/Oven Unit 17: true
  • Refrigerator Unit 17: true
  • Dishwasher Unit 17: true
  • Square Feet Unit 17: 745
  • Rent Unit 17: $2,225.00
  • Bedrooms Unit 17: 2
  • Fireplaces Unit 17: 0
  • Bathrooms Unit 17: 1
Unit 18
  • Name Unit 18: 8513-303
  • Washer/Dryer Unit 18: true
  • Range/Oven Unit 18: true
  • Refrigerator Unit 18: true
  • Dishwasher Unit 18: true
  • Square Feet Unit 18: 745
  • Rent Unit 18: $2,150.00
  • Bedrooms Unit 18: 2
  • Fireplaces Unit 18: 0
  • Bathrooms Unit 18: 1
Unit 19
  • Name Unit 19: 8513-304
  • Washer/Dryer Unit 19: true
  • Range/Oven Unit 19: true
  • Refrigerator Unit 19: true
  • Dishwasher Unit 19: true
  • Square Feet Unit 19: 745
  • Rent Unit 19: $2,200.00
  • Bedrooms Unit 19: 2
  • Fireplaces Unit 19: 0
  • Bathrooms Unit 19: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 14870.0

Property History for 8509 244th Street Southwest

DateEvent & SourcePriceAppreciation
Jul 13, 2026

Listed (Active)

NWMLS #2555202

$7,150,000—
DateEvent & SourcePrice
07/13/2026

Listed (Active)

NWMLS #2555202

$7,150,000

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

Public Records for 8509 244th Street Southwest

Taxable ValueLand$1,561,400Additions$3,082,600Total$4,644,000
Tax Record2025$32,666 ($2,722 / month)
Home Facts
Baths4Total Finished SqFt8,995 SqFtAbove Ground SqFt8,995 SqFtStories3Lot Size29,185 SqFtStyleMulti-Family Dwelling (2-4)Year Built2020ZoningE7CountySNOHOMISHAPN00463303200303

Schools near 8509 244th Street Southwest

This home is within Edmonds School District.
Rating
School
Type
Grades
Distance
Sherwood Elementary School
Public - K to 6
College Place Middle School
Public - 7 to 8
Edmonds Woodway High School
Public - 9 to 12
Edmonds K8 Online Academy
Public - K to 8
Rating
School
Distance
Sherwood Elementary School
PublicK to 6

College Place Middle School
Public7 to 8

Edmonds Woodway High School
Public9 to 12

Edmonds K8 Online Academy
PublicK to 8

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.

Edmonds
Edmonds
Get to know the unique charms of the community surrounding this home. North of Seattle lies the scenic city of Edmonds, Washington. This picturesque beach town is comprised of two parts: the Edmonds “Bowl” area (which includes the downtown hub, the business district, and the Ferry Terminal) and the...
Edmonds Guide

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More information about 8509 244th Street Southwest, Edmonds, WA 98026

8509 244th Street Southwest is a multi-family home for sale in Edmonds, WA 98026. This property was listed for sale on July 13, 2026 by The Preview Group, it's currently listed at $7,150,000. This listing's school district is Edmonds School District. Nearby schools include Sherwood Elementary School, College Place Middle School and Edmonds Woodway High School. 8509 244th Street Southwest is a 35-bed, 22-bath, 14,870 sqft multi-family home built in 2021.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Preview Group

Based on information submitted to the MLS GRID as of 07/15/2026 02:23 PM. 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.