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Courtyard Apartment and Triplex

318 3rd Ave S Edmonds, WA 98020

318 3rd Ave S, Edmonds, WA, 98020
$2,800,000
For Sale
$2,800,000

A 5-unit building plus a triplex arranged around a private courtyard with common laundry, storage, and off-street parking.

Days on Market70

Property Features for 318 3rd Ave S

General Information

Standard status
Active
Property subtype
Commercial

Building Details

Year Built
1959
Listing agency PARAGON REAL ESTATE ADVISORS
Listed by RYAN ILES
Source Corcoran
Added: May 13 Updated: Jul 21 at 4:25AM Checked: Jul 21 at 4:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PARAGON REAL ESTATE ADVISORS


Investment Insights

Based on property information with market context.

This offering includes a 5-unit apartment building and an attached triplex, presented with a classic mid-century design centered around a private courtyard. Upper-level units are described as providing water, mountain, and territorial views. Residents share a common laundry and storage area, and on-site parking is supported by five surface stalls plus a spacious two-car garage.

The property is located in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront.

The asset is being marketed as a value-add opportunity, with clear pathways to increasing rental income through interior improvements. The buildings may be purchased together or individually.

Key Highlights

  • 8‑unit property in Downtown Edmonds: 5‑unit building plus a triplex
  • Year built 1959 with mid‑century design arranged around a private courtyard
  • Upper‑level units feature water, mountain, and territorial views

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Pharmacy (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Auto Repair Shop Catering Service Furniture & Home Goods Auto Parts Store Florist Cosmetic Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - A 5-unit building plus a triplex arranged around a private courtyard with common laundry, storage, and off-street parking.
Where is this apartment building located?
The property is located at 318 3rd Ave S Edmonds, WA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 8‑unit property in Downtown Edmonds: 5‑unit building plus a triplex; Year built 1959 with mid‑century design arranged around a private courtyard; Upper‑level units feature water, mountain, and territorial views
Contact an agent
More about this property
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