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300 Edmonds Street, Edmonds
$1,525,000
2596969 MLS ⋅ ACTIVE Status
Tartan Apartments is a well-located four-unit apartment opportunity in the heart of the highly desirable Edmonds Bowl. Situated on a prominent corner lot at Edmonds St and 3rd Ave N, just two blocks from Main Street, the property sits in one of the tightest and most sought-after submarkets in the region, where inventory remains extremely limited and small multifamily assets rarely trade. With a Walk Score of 84, residents enjoy exceptional walkability to Downtown Edmonds' shops, restaurants, and waterfront. Built in 1965, the single-story wood frame and brick building features an attractive unit mix consisting of 2 - two-bedroom, one-bathroom units (approximately 870 SF) and 2 - one-bedroom, one-bathroom units (approximately 700 SF). Every unit includes an in-unit washer and dryer, a full kitchen appliance package, and dual-pane vinyl windows, while the single-level layout gives each resident ground-level access, a rare and highly marketable feature in the downtown core. The building is plumbed with copper, topped with a pitched composition shingle roof, and offers five off-street parking stalls, more than one per unit. This asset presents a compelling value-add opportunity, with in-place rents trailing market and a clear path to increasing income through unit turnover and light interior updates.

300 Edmonds Street, Edmonds

Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com

804 124th Street SW, Everett
$980,800
2592847 MLS ⋅ ACTIVE Status
ATTENTION INVESTORS: Prime 4-Plex Below Assessed Value with High-Yield Upside! A rare, turn-key investment opportunity in South Everett! Offered below tax-assessed value with an attractive cap rate in today's market, this 4-plex delivers immediate cash flow with current rents below market—offering massive upside potential to increase income, or house-hack, build equity, and live rent-free in a freshly renovated unit. Conveniently located near I-5, Hwy 99, Paine Field, Boeing, dining, retail, and upcoming light rail extensions for strong demand and future appreciation. Situated on an expansive 13,000+ sq. ft. lot, the property features four spacious mirror-image units (2 beds, 1.5 baths, under 1,000 sq. ft. each) with in-unit laundry and 2 dedicated parking spaces per unit (8 total). Major capital improvements are complete, including a roof replaced within the last 5 years. Unit A is vacant and ready to show—boasting a brand-new kitchen, modernized bathrooms, new flooring, and fresh interior paint. Unit D has recent partial updates with rent upside, while Units B and C had clean updates a few years ago. Units B, C, and D are tenant-occupied—please do not disturb tenants. Operational management is streamlined with an HOA covering grounds maintenance and garbage pickup, keeping overhead low and holdings hassle-free. Bring your offer today before this below-assessed-value cash cow is gone!

804 124th Street SW, Everett

Listing Broker: CENTURY 21 Real Estate Center; Harjinder Singh; 206-643-7853; Harjinder@TheLionEstates.com

15328 40th Avenue W, Lynnwood
$969,000
2575395 MLS ⋅ ACTIVE Status
Brand-new roof installed in August 2026! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Common laundry provides additional income potential. A flexible asset with the ability to immediately owner-occupy or use as a long-term hold with good cashflow + additional upside potential through operational improvements.

15328 40th Avenue W, Lynnwood

Listing Broker: Windermere Real Estate Co.; Tom Cowan; 206-707-2585; tomcowan@windermere.com

514 124th Place SW Unit #1-4, Everett
$1,115,000
2577015 MLS ⋅ ACTIVE Status
Live in one, rent the other three. One of the four units will be available end of October! The other three are leased on 12 month terms staggered into 2027. All four are identical: 2 bedroom, 1 bath, 892 square feet, each a slider to a private patio or balcony. Fireplaces in the top units. On site coin laundry adds about $200 a month on top of rent.. Eleven parking spaces on a 9,583 square foot lot, four of them covered carports with storage, which is close to three spaces per unit. Units are separately metered and tenants pay their own electricity and garbage. Two paths to higher income for the next owner. One of the units rent well under the two identical units beside it. Water and sewer are still owner paid while comparable buildings in this pocket already bill it back. Wood frame on poured concrete and slab, two stories, 3,568 square feet. Baseboard and wall heat. Deck, patio, partially fenced, mountain view. Dead end street. Minutes to Interstate 5, the Mariner Park and Ride, and the Boeing Everett campus at Paine Field. Leases and expense details available on request.

514 124th Place SW Unit #1-4, Everett

Listing Broker: Real Broker LLC; Mina Mina Farag; 425-213-0074; mina@minateam.com

3432 Lombard Avenue, Everett
$825,000
2575389 MLS ⋅ ACTIVE Status
The Lombard Ave Fourplex is a fully renovated four-unit multifamily property located at 3432 Lombard Ave in Everett’s desirable Port Gardner neighborhood. Originally constructed in 1901, the property has benefited from significant capital improvements under current ownership, including a new roof, electrical panels, and PEX plumbing, all completed in 2019. Each residence has been thoughtfully renovated between 2018 and 2021, featuring updated kitchens, flooring, bathrooms, and lighting, with every unit also equipped with a dishwasher. The property offers a diverse unit mix consisting of two 600 SF studios, a 900 SF one-bedroom/ one-bathroom unit, and a spacious 1,200 SF two-bedroom/one-bathroom unit. Residents have access to a shared coin-operated laundry room and additional basement storage. The property retains its historic character with high ceilings, original trim, and tall windows that provide each unit with a distinctive sense of charm and great natural light. The offering presents a turnkey investment with multiple avenues for additional income growth.

3432 Lombard Avenue, Everett

Listing Broker: Paragon Real Estate Advisors; Will Douglas; 206-812-9108; Will@ParagonREA.com

8134 212th Street SW, Edmonds
$1,400,000
2563665 MLS ⋅ ACTIVE Status
Edmonds fourplex in the desirable 5 Corners area. Four matching ~976sf 2bd/1.75ba units with in-unit laundry, 8 dedicated parking spaces and a tucked away setting with private easement access. Projected Year-1 NOI of $69,248 represents a 4.95% cap rate at asking price based on current lease terms and Unit A at $2,275/mo. Seller financing available to qualified buyers. Units B, C, and D are leased through August 2027, and Unit A recently went vacant and will be marketed for lease upon completion of the current unit turn. Additional potential upside through implementation of utility reimbursement; current owner pays W/S/G. Recent improvements include full roof replacement with insulation and ventilation (2021), carport roof (2023), and exterior paint, refreshed decks, railings and stair carpeting (2024).

8134 212th Street SW, Edmonds

Listing Broker: KW Greater Seattle; Ray Senn; 206-558-7942; raysenn@kw.com

1309 Wildwood Street Unit #A/B/CD, Marysville
$1,100,000
2559003 MLS ⋅ ACTIVE Status
Exceptional investment opportunity in the heart of Marysville! This well-maintained 4-plex offers a strong 5.8% cap rate with stable cash flow and long-term upside. Annual gross rental income is $82,680, making it an ideal addition to any investment portfolio or 1031 exchange.Two units have been extensively renovated within the past two years with modern finishes, while the remaining two units are occupied by approximately 6-year tenants who have taken exceptional care of their homes, providing dependable income and low turnover. The property has been well maintained and offers investors an excellent balance of immediate returns and future value-add potential as units naturally transition over time.Conveniently located near shopping, restaurants, schools, parks, I-5, Highway 9, and major employers, this property continues to attract quality tenants in one of Snohomish County's strongest rental markets.Whether you're a seasoned investor or purchasing your first multifamily property, this is a rare opportunity to acquire a clean, professionally maintained fourplex with solid financials, stable occupancy, and room for future growth. Pre Inspection Available. Just ask the Listing Agent

1309 Wildwood Street Unit #A/B/CD, Marysville

Listing Broker: HomeSmart Real Estate Assoc; Jason Allen Stricevich; 206-799-7981; jasonstricevich@gmail.com

Based on information submitted to the MLS GRID as of . 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. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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