2421 98th Avenue Ct E Edgewood, WA 98371
Listing Courtesy of: MLS LogoNorthwest MLS as distributed by MLS GRID / Windermere Real Estate South Sound, Inc. / Terri Reade / Jordon Smith

  2421 98th Avenue Ct E Edgewood, WA 98371

Active
$2,500,000 (USD)

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.

MLS #:
2503890
Taxes
$14,370(2025)
Lot Size
5 acres
Type
Multifamily
Year Built
1973
Style
5-9 Units
Views
Territorial
School District
Puyallup
County
Pierce County
Community
Edgewood

Listed By

Terri Reade , Windermere Real Estate South Sound, Inc.
Jordon Smith, Windermere Real Estate South Sound, Inc.
Source
Northwest MLS
Last checked Apr 9 2026 at 10:02 PM GMT+0000
Bathroom Details
Subdivision
  • Edgewood
Lot Information
  • Dead End Street
  • Paved
Property Features
  • Deck
  • Gas Available
  • Patio
  • Rv Parking
  • Cable Tv
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Forced Air
Flooring
  • Carpet
  • Vinyl Plank
Exterior Features
  • Wood
  • Roof: Flat
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Natural Gas
School Information
  • Elementary School: Buyer to Verify
  • Middle School: Buyer to Verify
  • High School: Buyer to Verify
Parking
  • Rv Parking
Additional Listing Info
  • Buyer Brokerage Compensation: 2
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 4/9/2026 22:02. 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.