8825 231st Place SW, Edmonds, WA 98026
- $985,000
- 2,694
- SqFt
Listing courtesy of eXp Realty. Selling Office: Skyline Properties, Inc..
- Sold Price
- $985,000
- List Price
- $948,000
- Status
- SOLD
- MLS#
- 2442658
- Closing Date
- Dec 11, 2025
- Days on Market
- 5
- Style
- 52 - Duplex
- Finished SqFt
- 2,694
- Area Total SqFt
- 2694
- Annual Tax Ammount
- 7626
- Lot Size (sq ft)
- 13,939
- Sewer
- Sewer Connected
- Offer Review Date
- 2025-11-12
Property Description
LOCATION! LOCATION! LOCATION! Ready to move in to your new Edmonds home and let someone else pay half your mortgage? This duplex is for you! Tucked in a beautiful, treed setting, just a block off Edmonds Way, each 3 BR / 1.5 BA unit has a single-car garage, ample parking, and its own yard. Unit A includes a large, gorgeous, lush garden and gazebo that invites outdoor entertaining year-round. Westgate location is close to shopping, transit, and the Edmonds waterfront. Cosmetic improvements equal instant equity and rent-growth potential. Large parcel may allow additional unit or DADU. Attractive hold, flip or live-in investment. Bring your paint brush and have fun! Welcome home!
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Additional Information
- List Date
- 2025-12-06 00:00:00
- Community
- Edmonds
- Net Operating Income
- $35,869
- Gross Adjusted Income
- $52,440
- Gross Scheduled Income
- $55,200
- Total Monthly Income
- $2,080
- Insurance Expenses
- $2,046
- Water/Sewer/Garbage Expenses
- $4,500
- Gross Rent Multiplier
- 17.17
- Total Expenses
- $16,572
- Cap Rate
- 3.8
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 8825
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1988
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Hot Tub/Spa, Patio, RV Parking
- Electric Expenses
- 2400
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Sherwood ElemSw
- Middle School
- College Pl Mid
- High School
- Edmonds Woodway High
- Total Monthly Income
- $2,080
- Gross Scheduled Income
- $55,200
- Vacancy Rate
- 5
- Gross Adjusted Income
- $52,440
- Tax Year
- 2025
- Insurance Expense
- $2,046
- W/S/G Expenses
- $4,500
- Total Expenses
- $16,572
- Net Operating Income
- $35,869
- Gross Rent Multiplier
- 17.17
- Cap Rate
- 3.8
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.