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Property profile & analytics
OFF-MARKET
Residential income homes

8029 238Th St Edmonds, WA 98026

7,400 SF Built 2024
Entity Owned 7-yr Hold
Property ID
US90-3219757
Property summary
AI-generated overview

This exceptional, newly constructed (2024) four-unit townhome portfolio in Edmonds, Washington, presents a lucrative investment opportunity. Located at 8029 238th St SW, 98026, this Class A property boasts a total of 7,400 square feet across a single, three-story building. Each of the four units offers a spacious and modern design, featuring three bedrooms and 2.5 bathrooms, along with a two-car garage. High-end finishes are evident throughout, including custom kitchens with gorgeous tilework, slab counters, and stainless steel appliances. Expansive windows and doors lead to privately fenced front yards, enhancing the appeal and livability of each unit. The open-concept floor plans are flooded with natural light, creating bright and airy living spaces. Additional assigned parking (8 spaces total) is provided for each unit. The property benefits from a one-year builder warranty, offering peace of mind for the new owner. This turnkey investment is priced at $3,500,000 and is offered for sale by owner. The property is situated in the vibrant Edmonds community within Snohomish County, offering convenient access to amenities and services. This is a rare opportunity to acquire a high-quality, modern multifamily property in a desirable location. Each unit can be sold separately.

Property profile
Verified
Property type Residential income homes
Year built 2024
Total area 7,400 SF
UPID US90-3219757
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Piano & Organ Moving Co., Inc Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Owner & transaction history
Better Bellevue INC · 7 yrs held
Better Bellevue INC
since 2018
7 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
2023
Price N/A
2018
Price N/A
2018
$525,000
2017
$450,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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