7420 208th Street SW Edmonds, WA 98026

Building Details

Year Built

1962

Listing office MARCUS & MILLICHAP, INC. z***@marcusmillichap.com

Listing date Jul 3, 2025

Source Corcoran

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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.

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FAQs

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.