Edmonds Multifamily Investment
For Sale
$7,500,000
Pending
7420 208th Street SW, Edmonds, WA 98026
36-unit apartment community in Edmonds' College Place neighborhood.
Property SizeContact for details
Days on Market419
Property Features for 7420 208th Street SW
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1962
Listing Agency:
MARCUS & MILLICHAP, INC.
Listed By:
ZACHARY MAZZUCA
Source:
Corcoran
Added: Jul 3, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:12AM
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 MARCUS & MILLICHAP, INC.
Investment Insights
Based on property information with market context.
Horizon Park is a 36-unit apartment community located in the College Place neighborhood of Edmonds. Constructed in two phases, the property includes 24 units completed in 1960, with an additional 12 units added in 1990. The community is situated on a ±1.29 acre lot directly across the street from College Park Elementary and Middle Schools. These schools are scheduled for a complete renovation beginning next summer, funded by $210 million from the Edmonds School District’s $594 million bond measure approved last year. The property features a mix of unit sizes, with 27 two-bedroom, one-bathroom units averaging ±777 square feet, and 9 one-bedroom, one-bathroom units averaging ±526 square feet. Current rents average $2.34 per square foot. Opportunities exist for further revenue enhancement through reducing loss-to-lease, implementing storage and parking fees, increasing utility reimbursements, and light upgrades.
Key Highlights
- 36‑unit apartment community in Edmonds' College Place neighborhood.
- Located directly across from College Park Elementary and Middle Schools undergoing a $210 million renovation.
- Attractive mix of 27 two‑bedroom/one‑bathroom units and 9 one‑bedroom/one‑bathroom units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 98026, WA
38,610
Population
15,884
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
97%
High-School Grad
9.4 sq mi
ZIP Area
4,107
Density / Sq Mi
$124,462
Median Household Income
$63,708
Median Earnings
$1,894
Median Rent
$758,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 36-unit apartment community in Edmonds' College Place neighborhood.
Where is this apartment building located?
The property is located at 7420 208th Street SW Edmonds, WA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 36‑unit apartment community in Edmonds' College Place neighborhood.; Located directly across from College Park Elementary and Middle Schools undergoing a $210 million renovation.; Attractive mix of 27 two‑bedroom/one‑bathroom units and 9 one‑bedroom/one‑bathroom units.
