Listing provided courtesy of Windermere RE South Sound, IncNWMLSas Distributed by MLSGrid- MLS# NWM2545296
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Request Info2421 98th Avenue Ct EEdgewood, WA 98371
Multi-Family · 9 Beds · 6,447 Sq. ft. | 5.00 Acres$2,375,000
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2421 98th Avenue Ct E Overview
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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.
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2421 98th Avenue Ct E Facts & Features
- Type Multi-Family
- Sq. ft. 6,447
- Price/Sq.ft. $368
- Lot 5.00 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Puyallup
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 160800
- Insurance Expense: 4473
- Net Operating Income: 135817
- Total Expenses: 24983
- Total Monthly Income: 13400
- Water/Sewer/Garbage: 6140.13
Building Information
- New Construction: No
- Year Built: 1973
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 71 - Milton
- Subdivision Name: Edgewood
Tax Information
- Tax Annual Amount: $14,369.87
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 0420094018
- Possible Use: Multi-Family,Residential
- Property Condition: Updated/Remodeled
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 8
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 6447
- Building Area Units: Square Feet
- Calculated Square Footage: 6447
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 6447
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Natural Gas
- Stories Total: 3
Exterior
Parking Information
- Open Parking: No
- Parking Features: RV Parking
- Parking Total: 5
- Parking Uncovered Total: 5
Lot Information
- Irrigation Water Rights: No
- Lot Features: Dead End Street, Paved
- Lot Size Acres: 5
- Lot Size Dimensions: 164x1264x161x1265
- Lot Size Square Feet: 217800
- Lot Size Units: Square Feet
- Site Features: Cable TV, Deck, Gas Available, Patio, RV Parking
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Flat
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood
- Number Of Units Total: 5
- Sewer: Sewer Connected
Unit Information
Unit 5 Details
- Actual Rent: 2000
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 2800
- Beds Total: 2
- Baths Total: 2
Unit 3 Details
- Actual Rent: 2835
- Beds Total: 2
- Baths Total: 2
Unit 2 Details
- Actual Rent: 2880
- Beds Total: 2
- Baths Total: 2
Unit 4 Details
- Actual Rent: 2885
- Beds Total: 2
- Baths Total: 2
2421 98th Avenue Ct E Neighborhood
Community
98371 (Puyallup) Demographics
40
Median Age
1,876
Population Density (per sq. mile)
38%
College Educated
$81,699
Estimated Median Income
5,957
Estimated Total Home Owners
2,497
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2421 98th Avenue Ct E Monthly Cost
2421 98th Avenue Ct E Market Data
Based on the last 30 days in this zip code
$687,225
Average List Price
$301
Average Price per Square Foot
30
Properties Sold
72
Average Days on Market
168
Properties for Sale
2421 98th Avenue Ct E History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: NWMLS | June 25, 2026 |