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

  2421 98th Avenue Ct E Edgewood, WA 98371

Active (76 Days)
$2,375,000 (USD)

Description

Rare Edgewood investment opportunity offering immediate income and future upside on approximately 5 acres. This 5-unit property includes two duplexes with identical layouts plus a single-family home. Each duplex unit features 2 bedrooms, 1.5 baths, ~1,470 SF, 2-car garage, and laundry. Main level offers entry, living room with fireplace and patio access, kitchen, dining, and half bath. Upstairs includes 2 bedrooms with Jack-and-Jill full bath and private vanity areas. Ground level provides garage and storage. Single-family home is a 1 bed, 1 bath with full basement. Extensively upgraded with new electrical and plumbing, providing a strong foundation for long-term ownership. Spacious units offer value-add potential through cosmetic updates and rent increases. Tenants pay electricity and gas; landlord pays water and sewer. Ideally located near commuter routes, shopping, and employment centers—an excellent opportunity for investors seeking both stability and growth.

MLS #:
2545296
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 Jun 25 2026 at 9:22 PM PDT
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 6/25/2026 14:22. 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.