642 Maple Street, Edmonds, WA 98020
- $1,400,000
- 4,136
- SqFt
Listing courtesy of The Preview Group.
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- 2573263
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,136
- Area Total SqFt
- 4136
- Annual Tax Ammount
- 10484
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 6,534
- Sewer
- Sewer Connected
Property Description
Rare Edmonds 4-plex investment opportunity! First time on the market in approximately 30 years, this well-located 4-plex offers an exceptional value-add opportunity with four spacious 2-bedroom, 1-bath units offering 1,034 sq ft. Three units are currently occupied at below-market rents, while the fourth is vacant and available for showings—providing an immediate opportunity to experience the property and envision its potential.The property features a large lot, abundant parking, and desirable unit sizes that provide strong rental appeal. Electrical and plumbing have been updated, while the interiors offer an opportunity for a new owner to renovate and substantially increase rents and overall income. With three existing tenants, below-market rents, and significant upside through strategic unit improvements, this property offers an attractive combination of current income and long-term appreciation potential.Ideal for an investor looking to reposition an established multifamily property in Edmonds or an owner-occupant seeking multiple units with income potential. Properties like this rarely come to market with this combination of size, parking, lot area, and rental upside. Location Location Location... with a walk score of 87 our proximity to downtown Edmonds can not be understated!
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Additional Information
- List Date
- 2026-08-27 21:13:21
- Community
- Downtown Edmonds
- Net Operating Income
- $35,864
- Gross Scheduled Income
- $58,668
- Total Monthly Income
- $3,569
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $10,320
- Gross Rent Multiplier
- 23.86
- Total Expenses
- $22,804
- Cap Rate
- 2.5
- Total Number of Units
- 4
- Unit Name
- 642
- Potential Terms
- Lease Purchase, VA Loan
- Year Built
- 1959
- View
- Sound, Territorial
- Roof
- Torch Down
- Site Features
- Cable TV
- Energy Source
- Electric
- School District
- Edmonds
- Total Monthly Income
- $3,569
- Gross Scheduled Income
- $58,668
- Tax Year
- 2026
- Insurance Expense
- $2,000
- W/S/G Expenses
- $10,320
- Total Expenses
- $22,804
- Net Operating Income
- $35,864
- Gross Rent Multiplier
- 23.86
- Cap Rate
- 2.5
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.