23915 Edmonds Way Edmonds Washington | The Madrona Group

23915 Edmonds Way Edmonds Washington | The Madrona Group
  • $$899,000 USD
    • Sq Ft: 2,012
    • Lot Sq Ft: 0.33 acres

Don’t miss this exceptional investment opportunity in the heart of sought-after Edmonds on a large lot! This well-maintained move-in-ready duplex features two spacious units—one offering 3 bedrooms/1 bathroom, the other with 2 bedrooms/1 bathroom. Separate electric meters and W/D in each unit. Both units enjoy the convenience of private one-car garages and ample off-street parking. Tenants will love the easy access to nearby transit, shopping, dining, and all that Edmonds has to offer. With a solid rental history and strong potential for cash flow or owner-occupancy, this property is perfect for investors or those looking to live in one unit and rent the other. A rare find in a high-demand location.

View full listing details
Price:$$899,000 USD
Address:23915 Edmonds Way
City:Edmonds
State:Washington
Subdivision:Esperance
MLS:2367665
Square Feet:2,012
Acres:0.33
Lot Square Feet:0.33 acres
offers:Seller intends to review offers upon receipt
capRate:5.38
taxYear:2024
saleType:MLS
styleCode:52 - Duplex
possession:Closing
leasedItems:None
showMapLink:yes
lotSizeUnits:Square Feet
onMarketDate:2025-05-01T00:00:00+00:00
powerCompany:Snohomish County PUD
sewerCompany:City of Edmonds
siteFeatures:Fenced-Partially
titleCompany:Ticor Title/Escrow
waterCompany:Olympic View Water & Sewer
coveredSpaces:2
structureType:Duplex
totalExpenses:9237
elevationUnits:Feet
livingAreaUnits:Square Feet
taxAnnualAmount:4892
unitsBelowGrade:false
insuranceExpense:1641
mlsLotSizeSource:Realist
sellerDisclosure:Provided
buildingAreaTotal:2012
buildingAreaUnits:Square Feet
leasableAreaUnits:Square Feet
openParkingSpaces:6
propertyCondition:Good
waterSewerGarbage:2704
netOperatingIncome:48363
totalMonthlyIncome:4800
grossAdjustedIncome:57600
grossRentMultiplier:15.61
powerProductionType:Electric
allowedUseCaseGroups:IDX
grossScheduledIncome:57600
unitsInBuildingTotal:2
parkingUncoveredSpaces:6
preliminaryTitleOrdered:yes
specialListingConditions:None
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Based on information submitted to the MLS GRID as of Monday, May 5th, 2025 06:58:39 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. IDX information is provided exclusively for consumers’ personal noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The mortgage calculator tool does not include real-market mortgage information, and is provided by Elm Street Technology for consumer convenience to approximate possible costs. Some IDX listings have been excluded from this display.

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