14025 61st Place W, Edmonds, WA 98026

$1,495,000
4,220
SqFt

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Listing courtesy of List4FlatFee.com, LLC.

List Price
$1,495,000
Status
ACTIVE
MLS#
2499588
Price Change
▼ $20,000 1784776404
Days on Market
117
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
4,220
Area Total SqFt
4220
Annual Tax Ammount
10404
Lot Size (sq ft)
12,633
Sewer
Sewer Connected

Property Description

Quality built 4 plex, on 12,633 sq.ft. lot, on greenbelt. Ocean view across the street.1 mile to beach. Salt water breeze reaches units. Huge backyard. All units are bigger than newly built 3 bedrooms. Oversized patios & balconies. Sound proof bubble concrete sub floors, see picture. Hardwood floors. Granite countertop. New double thick glass windows. New doors and millwork. 2 new bathtubs & all faucets. New gutters and downspouts. New Aqua-Pex water line. Walk to school. 5 miles to Alderwood Mall, I-5, 405. In area of multi million houses. 2 coin op laundries. 4 storages, 8 personal parking +. Only 6 tenants, no pets. Proof of funds for showing!

Additional Information

List Date
2026-04-02 22:13:10
Community
Picnic Point
Net Operating Income
$86,440
Gross Adjusted Income
$101,760
Gross Scheduled Income
$101,760
Total Monthly Income
$8,480
Insurance Expenses
$865
Water/Sewer/Garbage Expenses
$3,600
Gross Rent Multiplier
14.69
Total Expenses
$15,319
Cap Rate
5.78
Total Number of Units
4
Unit Name
14025
Potential Terms
Cash, Conventional
Year Built
1978
View
Territorial
Roof
Composition
Electric Expenses
200
Other Expenses
250
Energy Source
Electric, Wood
School District
Mukilteo
Elementary School
Picnic Point Elem
Middle School
Harbour Pointe Mid
High School
Kamiak High
Total Monthly Income
$8,480
Gross Scheduled Income
$101,760
Gross Adjusted Income
$101,760
Tax Year
2026
Insurance Expense
$865
W/S/G Expenses
$3,600
Total Expenses
$15,319
Net Operating Income
$86,440
Gross Rent Multiplier
14.69
Cap Rate
5.78
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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