5 Corners Homes with 54 - 4-Plex Style

Welcome to the charming neighborhood of 5 Corners, nestled in the heart of Edmonds, Washington, within the picturesque Snohomish County. This vibrant community is known for its unique blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

5 Corners boasts a delightful array of amenities, including local shops, cozy cafes, and parks that invite you to enjoy the outdoors. The neighborhood is characterized by its friendly atmosphere and a strong sense of community, where neighbors become friends and gatherings are a common sight. With easy access to public transportation and major highways, commuting to nearby Seattle or other surrounding areas is a breeze.

The housing options in 5 Corners are as diverse as its residents. Among the most sought-after properties are the 4-plex style homes, offering a fantastic opportunity for both investors and those looking for a multi-generational living arrangement. These homes provide ample space, modern amenities, and the potential for rental income, making them a smart choice for savvy buyers. The architecture of the 4-plexes reflects the neighborhood's character, blending contemporary design with classic charm.

Living in 5 Corners means enjoying a balanced lifestyle, where you can relish the beauty of the Pacific Northwest while having all the conveniences of urban living at your fingertips. Whether you’re sipping coffee at a local café or taking a leisurely stroll through one of the nearby parks, the warmth and charm of 5 Corners will surely capture your heart. Come and discover your new home in this delightful Edmonds neighborhood!

Newest 5 Corners Homes with 54 - 4-Plex Style

$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 courtesy of KW Greater Seattle.

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