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
Zip Code:98026
Subdivision:Esperance
MLS:2367665
Year Built:1950
Square Feet:2,012
Acres:0.33
Lot Square Feet:0.33 acres
roof:Composition
sewer:Sewer Connected
offers:Seller intends to review offers upon receipt
capRate:5.38
cooling:None
country:US
taxYear:2024
flooring:Vinyl, Carpet
saleType:MLS
styleCode:52 - Duplex
possession:Closing
leasedItems:None
waterSource:Public
lotSizeUnits:Square Feet
mlsAreaMajor:730 - Southwest Snohomish
onMarketDate:2025-05-01T00:00:00+00:00
parkingTotal:8
powerCompany:Snohomish County PUD
sewerCompany:City of Edmonds
siteFeatures:Fenced-Partially
storiesTotal:2
titleCompany:Ticor Title/Escrow
waterCompany:Olympic View Water & Sewer
waterfrontYN:no
coveredSpaces:2
structureType:Duplex
totalExpenses:9237
buyerFinancing:Cash
elevationUnits:Feet
standardStatus:Closed
buyerOfficeName:Windermere Prof Partners
livingAreaUnits:Square Feet
taxAnnualAmount:4892
unitsBelowGrade:false
exteriorFeatures:Metal/Vinyl
insuranceExpense:1641
mlsLotSizeSource:Realist
sellerDisclosure:Provided
buildingAreaTotal:2012
buildingAreaUnits:Square Feet
foundationDetails:Poured Concrete
leasableAreaUnits:Square Feet
lotSizeSquareFeet:14375
openParkingSpaces:6
propertyCondition:Good
waterSewerGarbage:2704
highSchoolDistrict:Edmonds
netOperatingIncome:48363
numberOfUnitsTotal:2
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 Friday, May 23rd, 2025 05:13:15 PM. 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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