Nyland Apartments
Multifamily | 19 Units | $376,316/unit
Marketing description
CBRE is pleased to present the Nyland Apartments, a 19-unit multifamily investment opportunity located in highly desirable Edmonds, Washington. Completed in 2021, this charming residential community offers investors the rare chance to acquire a newly constructed property in one of the Puget Sound’s most coveted and supply-constrained submarkets. The property sits on approximately one acre of land (51,000+ square feet) zoned for multifamily use, providing long-term flexibility and redevelopment potential in a rapidly growing suburban environment.
Investment highlights
Completed in 2021 — modern construction with premium materials and energy-efficient systems
Spacious units averaging 783 SF with strong in-place rental performance and upside potential
Gourmet kitchens with granite countertops, stainless steel appliances, dishwasher, and microwave
Each unit includes in-unit washer and dryer, air-conditioning, walk-in closets, and private patio or balcony
Low-maintenance vinyl flooring and marble-style interior finishes for modern durability and appeal
Excellent access to downtown Edmonds, Sounder Station, Highway 99, and I-5 corridor
Ample surface parking with more than 1:1 ratio and EV charging potential
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