23523 Edmonds Way

Edmonds, WA 98026

$1,500,000
Last Sold Price
—
Beds
—
Baths
6,432 Sq. Ft.
$233 / Sq. Ft.
6,432
Sq. Ft.
$233
per Sq. Ft.
Sold 1/19/21
Sold 1/19/21
a car parked in front of a house
an empty room with fan and windows
a kitchen with kitchen island white cabinets and refrigerator
a kitchen with stainless steel appliances a sink stove and cabinets
a bathroom with a sink toilet and shower
a view of a hallway
a view of empty room with wooden floor
Listing provided courtesy of Coldwell Banker Danforth, Westlake Associates, Inc.

Description

Investor alert! 6-plex available in highly sought after neighborhood. Easy access to I-5, on bus line, walk to shopping, close to downtown Edmonds. 5-2bd units, 1-1bd unit that can be converted back to a 2 bd. W/D hookups, fireplaces, and decks in a secured building. Rents are well below market, so room for healthy increases to get up to market value. Drive by only, no sign, please do not bother tenants.Investor alert! 6-plex available in highly sought after neighborhood. Easy access to I-5, on bus line, walk to shopping, close to downtown Edmonds. 5-2bd units, 1-1bd unit that can be converted back to a 2 bd. W/D hookups, fireplaces, and decks in a secured building. Rents are well below market, so room for healthy increases to get up to market value. Drive by only, no sign, please do not bother tenants.
  1. Listed by Karen Wagner • Coldwell Banker Danforth

Property Details for 23523 Edmonds Way

Community Name
Esperance
School District
Edmonds
Number of Assigned Spaces
10
Total Covered Parking
0
Entry Date
07-22-2020
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:40 AM

Property Details for 23523 Edmonds Way

StatusSold
MLS #1634831
Days on Market107
Cumulative Days on Market95
Taxes$11,456 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.24 AC / 10,454 SF
CountySnohomish County

Location

Listing Courtesy of Coldwell Banker Danforth

Sold By Westlake Associates, Inc.

Add your commute

Building Information for 23523 Edmonds Way

Stories3Residences6Year Built1986Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$8,265 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,311

Property Taxes

$955

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 23523 Edmonds Way

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Dock, Fenced-Partially, High Speed Internet
  • Area: _730SouthwestSnohom
  • Block: 4
  • Directions: I-5 to Edmonds exit, follow SR 104 west, property will be on your right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2019
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 10.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Tile
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 6985
  • Power Company: Snohomish PUD
  • Sewer Company: Olympic View
  • Water Company: Olympic View
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete, Slab
  • Zoning Class: Commercial,Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Commercial, Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 7
Lot Information
  • Lot Details: Dead End Street, Secluded, Value In Land
  • Lot Number: 2
  • Lot Size Source: County
  • Parcel Number Free Text: 00555300400107
  • Building Condition: Very Good
  • Calculated Square Footage: 6432
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 6432.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 10
  • Number of Stories in Building: 3
  • Vacancy Rate: 0
  • Number Of Units Total: 6
  • Units Below Grade: true
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $270
  • Total Expenses: 42000
  • Gross Adjusted Income: 57390
  • Gross Rent Multiplier: 25
  • Gross Scheduled Income: $77,520
  • Insurance Expense: $3,560
  • Net Operating Income: $46,000
  • Other Expenses: $20,000
  • Total Monthly Income: 6460
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 6432.0
  • Leasable Area Units: Square Feet

Property History for 23523 Edmonds Way

DateEvent & SourcePriceAppreciation
Jan 19, 2021

Sold

NWMLS #1634831

$1,500,000—
Jan 13, 2021

Sold (Public Record)

Public Record #688242041

$1,500,000—
Nov 6, 2020

Pending

NWMLS #1634831

—
Jul 22, 2020

Listed (Active)

NWMLS #1634831

$2,200,000—
DateEvent & SourcePrice
01/19/2021

Sold

NWMLS #1634831

$1,500,000
01/13/2021

Sold (Public Record)

Public Record #688242041

$1,500,000
11/06/2020

Pending

NWMLS #1634831

—
07/22/2020

Listed (Active)

NWMLS #1634831

$2,200,000

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

Public Records for 23523 Edmonds Way

Taxable ValueLand$622,900Additions$989,100Total$1,612,000
Tax Record2025$13,671 ($1,139 / month)
Home Facts
Baths6Total Finished SqFt4,304 SqFtAbove Ground SqFt4,304 SqFtStories2Lot Size10,454 SqFtStyleMulti-Family Dwelling (2-4)Year Built1986ZoningMRCountySNOHOMISHAPN00555300400107Fireplace TypeHas Fireplace

Schools near 23523 Edmonds Way

This home is within Edmonds School District.
Rating
School
Type
Grades
Distance
Sherwood Elementary School
Public - 1 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
Public1 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.

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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Danforth

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/15/2026 03:29 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.