7714 196th Street SW
Edmonds WA 98026

Olympic West Apartments

7714 196th Street SW Edmonds WA 98026

Listing #: 691709 | Status: Available | Last Modified: 4/7/2025 |

For Sale
Steven Chattin
  • Phone:(425) 269-3826
  • Email:steven.chattin@berkadia.com
  • Office Name:Berkadia Real Estate Advisors
  • Office Phone:(206) 521-7220
  • Office Website:
Mitchell Belcher
Jay Timpani
Chad Blenz
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 11,000,000.0
  • $/SF$ 326.9
  • $/Unit$ 11,000,000.0
  • Listing StatusAvailable
  • Days on Market104
  • Asset ClassMulti-Family
  • Terms
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units38
  • # of Elevators1
  • Clearance Height Min0
  • Clearance Height Max
  • Bay Depth
  • Total Building SF33650
  • Net Rentable Area33650
  • Total Office SF850
  • Largest Contiguous SF
  • Lot SF59242
  • Acres1.36
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountySnohomish
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaEdmonds
  • Tax ID #27041900100700
  • Additional Parcels
  • ZoningRM15
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces72
  • Total Parking Spots72
  • Parking Ratio0
Construction
  • Year Built1968
  • Year Renovated1997
  • Completion Date
  • Roof Type
  • Construction TypeWood

7714 196th Street Southwest

Public Comments

Introducing the OLYMPIC WEST APARTMENTS, a prime value-add opportunity situated at 7714 196th St SW, Edmonds, WA 98026. Boasting 37 units plus one commercial office in a single 3-story building, this well-maintained property presents a rare chance for investors. Recently renovated in 2023 with upgrades such as TPO roofing and improved siding enhancing both aesthetics and functionality. The units feature modern kitchens and appliances, appealing to potential tenants. With an average unit size of 921 SF across a total of 33,650 NRSF on a vast 1.36-acre lot, Olympic West offers a spacious and lucrative investment opportunity. Strategically located in Edmonds with easy access to major job hubs like Seattle, Bellevue, and Everett via I-5 and I-405, this property stands out in a thriving submark