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Open Fri, May 29 +2
Open Fri, May 29 +2
Open Sat, May 30 +1
Open Sat, May 30 +1$1,500,000
Est. $7,609/mo324 3rd Avenue S, Edmonds, WA 98020
• Listed 2026-05-12•17 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 3:40 PM PDT (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Ryan Iles • Paragon Real Estate Advisors
Listing updated: May 12, 2026 at 12:03pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2521636
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →Open Fri, May 29 +2Open Fri, May 29 +2Open Sat, May 30 +1Open Sat, May 30 +15 recent nearby sales, priced between $400K and $799K.
$550,000Last sold price
434 3rd Avenue S #c204, Edmonds, WA 98020
$615,000Last sold price
600 Bell St. #101, Edmonds, WA 98020
$399,950Last sold price
1020 5th Avenue S #3, Edmonds, WA 98020
$9,109 per month
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Edmonds is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 16 days.
$1,890,000 Sold
2 weeks ago
4 bd•2.5 ba•~2,755 sq ft•Single Family
217 9th Avenue S, Edmonds, WA 98020
5%
Under list
—
Days on market
0.7 mi
Distance
$1,190,000 Sold
6 weeks ago
3 bd•1.5 ba•~2,088 sq ft•Single Family
1221 Coronado Place, Edmonds, WA 98020
4%
Under list
—
Days on market
0.9 mi
Distance
$947,500 Sold
7 weeks ago
2 bd•1 ba•~899 sq ft•Single Family
621 Daley Street, Edmonds, WA 98020
5%
Under list
—
Days on market
0.5 mi
Distance
$2,950 Sold
8 weeks ago
2 bd•Single Family
304 Daley Street, Edmonds, WA 98020
0%
Over list
—
Days on market
0.4 mi
Distance
$1,175,000 Sold
8 weeks ago
2 bd•1 ba•~1,082 sq ft•Single Family
640 Bell Street, Edmonds, WA 98020
0%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data via RentCast · Updated May 2026
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.