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31386382

16415 48th Ave W, Edmonds, WA 98026

AC
WA 26434, OR 201223946 (+1)
Specialty Real Estate Group
Listed by Specialty Real Estate Group
$7,500,000
82 days on market
Updated 82 days ago

Hawks Townhomes

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 20,688
Units 12
Cap Rate 5.19%
NOI $389,400
Pro-Forma Cap Rate 5.19%
Pro-Forma NOI $389,400
Price per SqFt $363
Year Built 2008
Buildings 4
Stories 3

Multifamily | 12 Units | $625,000/unit

Marketing description

Newly available opportunity in a highly desirable Edmonds community. 12 townhomes priced well below replacement cost at $363 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.

Investment highlights

Newly available opportunity in a highly desirable Edmonds community. 12 townhomes priced well below replacement cost at $363 per finished SF, not including the 7368 SF of garages. Triplex structure provides for 8 end units. Originally built in 2008 and previously sold to the current owner, these homes are now being offered to new owners for the first time. Beautiful and spacious tri-level townhouses located in a prime Edmonds location at the corner of 48th Ave W and 164th St SW. This well-maintained contemporary home offers 1,724 SF of comfortable living space with an open floor plan designed for modern living. The large kitchen features granite countertops, quality appliances, and plenty of cabinet space, opening to bright living and dining areas highlighted by hybrid wood flooring and a custom stone gas fireplace. Upstairs, the spacious primary suite boasts a cathedral ceiling, walk-in closet, and a full bath with dual sinks. Two additional bedrooms and a full bathroom provide plenty of space for guests or home office. Additional features include an energy-efficient radiant hydronic heating system, in-unit washer and dryer. Don't miss the ginormous 614 SF 2-car garage with extra space for hobbies and storage. Conveniently located with easy access to Highway 99, I-5, and I-405, and within the highly regarded Edmonds School District. Close to shopping, dining, and everyday amenities. Separately deeded as condos for future individual sale potential.

Listing Contacts

AC
WA 26434, OR 201223946 (+1)
Specialty Real Estate Group
Listed by Specialty Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$389,400.00
$32,450.00/mo

Valuation Metrics

0
DSCR
5.19%
Cap Rate
5.19%
ROI

Map

Zoning

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MR ResidentialMulti FamilyMultiple Residential
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Adrian Chu
License
26434
Brokerage
Specialty Real Estate Group
Title
Founder & CEO
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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