2421 98th Avenue Ct E

Edgewood, WA 98371

Description

Rare multi-family and development opportunity in sought-after Edgewood. This fully renovated 5-plex has been extensively upgraded with new electrical and plumbing throughout, offering a turnkey investment with strong rental appeal and reduced future maintenance. The offering includes an additional parcel (#0420094003) totaling approximately 23,522 square feet, presenting significant potential for future development, additional units, or expansion (buyer to verify). Whether you're looking to hold for steady cash flow or unlock the site's full potential, this property offers a unique combination of current income and long-term development upside. Ideally located near key commuter routes, shopping, and employment centers, this is a strategic acquisition for investors seeking both stability and growth.

List Price $2,500,000
Bedrooms 9
Bathrooms 9
Location Edgewood
Approx. Sq Ft 6,447 sqft
Lot Size 5 acres
Year Built 1973
Property Type Multifamily
Garage 8 garage spaces
Listing Id 2503890
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Terri Reade

Terri Reade

Residential, Multi-Family, Rental Investments

22013931

(206) 713-1850 (Mobile)

(253) 838-8900 (Office)

Jordon Smith

Broker and Related to Seller

127823

(253) 838-8900

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