Edmonds, WA 98026 1050 5th Avenue S
$6,450,000
24 more
Presented By: Paragon Real Estate Advisors and NWMLS
- MLS# 2422979
- 08/19/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 20,053
Home Details
Norge Apartments is an impressive apartment community with phenomenal curb appeal and has been maintained with great care by the same family ownership since it was built. The building sits on an expansive and gently sloping 27,007 SqFt lot with attractive mature landscaping and ample parking. The units are large, with the 1 bedroom – 1bath units averaging 816 SqFt and the 2 bedroom – 2 bath units averaging 1,135 SqFt. Most of the units feature an additional bonus room/office that offers great value for residents. There is a non-permitted studio unit on the lower level that was added by the owners as an owner/manager unit.
Presented By: Paragon Real Estate Advisors and NWMLS
Interior Features for 1050 5th Avenue S
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories4
General for 1050 5th Avenue S
Building Area UnitsSquare Feet
Cap Rate3.6
Carport Spaces16
Carport Y/NNo
CityEdmonds
CoolingNone
CountySnohomish
DirectionsFrom downtown Seattle, Follow I-5 N to WA-104 W/N 205th St/Lake Ballinger Way in Mountlake Terrace. Take exit 177 from I-5 N. Take Edmonds Way to 5th Ave S in Edmonds.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictEdmonds
Insurance Expense17827
Leasable Area20053
Listing TermsCash Out, Conventional, Owner Financing
Lot Size Square Feet27007
Lot Size UnitsSquare Feet
MLS Area730 – Southwest Snohomish
ModificationTimestamp2025-08-27T16:55:11.612Z
NWM_ShowMapLinkY
Net Operating Income229269
New ConstructionNo
Number Of Units Total21
Open Parking Spaces24
PossessionClosing
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksNorge Apartments is an impressive apartment community with phenomenal curb appeal and has been maintained with great care by the same family ownership since it was built. The building sits on an expa
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameEdmonds
Tax Annual Amount47550
Tax Year2025
Units Below Gradefalse
Units In Building Total21
Water Sewer Garbage33839
Year Built1978
Exterior for 1050 5th Avenue S
Building Area Total20053
Covered Spaces
Exterior AmenitiesStucco
Irrigation Water Rights Y/NNo
Lot Size Acres0.62
Parking Uncovered Spaces24
Total Parking40
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®