2421 98th Avenue Ct E, Edgewood, Washington 98371

WA, Edgewood
$2,500,000
  • 6,447 Sqft
  • Residential Income Property Type
  • 1973 Year Built
  • Active Status
Property 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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2503890
  • Price: $2,500,000
  • View: Territorial
  • Square Footage: 6,447 Sqft
  • Year Built: 1973
  • Lot Area: 5 Acre
  • Status: Active
  • Office Name: Windermere RE South Sound, Inc
  • Agent Name: Terri Reade
  • Property Sub Type: Multi Family
  • Roof: Flat
Features
  • Heating System Forced Air
  • Cooling System None
  • Parking RV Parking
  • Exterior Features Wood
  • Flooring Carpet, Vinyl Plank
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Pierce
  • City Edgewood
  • Zipcode 98371
  • Street: 98th
  • Street Number: 2421
  • Street Suffix: Avenue Ct
  • Longitude: W123° 42' 7''
  • Latitude: N47° 14' 5.8''
  • Directions: GPS Friendly the additional parcel is located behind the neighboring property. Please be aware when you access.
  • Mls Area Major: 71 - Milton
  • Street Dir Suffix: E
Neighborhood
  • Elementary School: Buyer To Verify
  • High School: Buyer To Verify
  • High School District: Puyallup
  • Middle School: Buyer To Verify
Additional Information
  • Lot Size Dimensions: 164x1264x161x1265
  • Water Source: Public
  • Virtual Tour: Virtual Tour
  • Stories Total: 3
  • Possible Use: Multi-Family,Residential
  • On Market Date: 2026-04-09
  • Number Of Units Total: 5
  • Lot Features: Dead End Street, Paved
  • Garage: 8
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 14369.87
Listing Information
  • Co List Agent Full Name: Jordon Smith
  • Co List Agent Mls Id: 113777
  • Co List Office Mls Id: 1095
  • Co List Office Name: Windermere RE South Sound, Inc
  • List Agent Mls Id: 112564
  • List Office Mls Id: 1095
  • Listing Term: Cash,Conventional
  • Mls Status: Active
  • Modification Timestamp: 2026-04-17T02:23:11Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-09T15:44:01Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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