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+12534953939
Real Broker LLC
8509 244th Street SW, Edmonds, WA 98026
- $6,500,000
- 14,870
- SqFt
Listing Broker: The Preview Group; Roy Gursli; 425-210-5502; rgursli@gmail.com
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- 2555202
- Price Change
- ▼ $650,000 1791076753
- Days on Market
- 82
- Style
- 56 - 10+ Units
- Finished SqFt
- 14,870
- Area Total SqFt
- 14870
- Annual Tax Ammount
- 32831
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 29,185
- Sewer
- Sewer Connected
Property Description
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. The Nyland Apartments feature spacious units averaging 783 square feet with high-end interior finishes including: stainless steel appliances, granite countertops, vinyl flooring, and marble-inspired surfaces throughout. Residents benefit from modern living amenities such as air conditioning, in-unit washer and dryer, walk-in closets, and private patios or balconies compelling opportunity for investment.
Additional Information
- List Date
- 2026-07-13 20:28:11
- Community
- Edmonds
- Net Operating Income
- $373,643
- Gross Adjusted Income
- $528,034
- Gross Scheduled Income
- $492,948
- Total Monthly Income
- $41,200
- Insurance Expenses
- $11,511
- Water/Sewer/Garbage Expenses
- $36,787
- Total Expenses
- $154,390
- Cap Rate
- 5.75
- Vacancy Rate
- 5
- Total Number of Units
- 19
- Unit Name
- 8509
- Potential Terms
- Cash, Farm Home Loan, See Remarks
- Year Built
- 2021
- Roof
- Composition
- Site Features
- Cable TV, Deck, Electric Car Charging, Fenced-Partially, Patio, Sprinkler System
- Other Expenses
- 73261
- Energy Source
- Electric, See Remarks
- School District
- Edmonds
- Total Monthly Income
- $41,200
- Gross Scheduled Income
- $492,948
- Vacancy Rate
- 5
- Gross Adjusted Income
- $528,034
- Tax Year
- 2025
- Insurance Expense
- $11,511
- W/S/G Expenses
- $36,787
- Total Expenses
- $154,390
- Net Operating Income
- $373,643
- Cap Rate
- 5.75
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.