8029 238Th St Edmonds, WA 98026
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.