$969,000

7 Beds 4 Baths 3,248 SQFT 0.22 Acres

Type: Multi-Family

15328 40th Avenue W
Lynnwood, WA 98087

MLS#: 2575395

Presented by: Windermere Real Estate Co. and NWMLS

Property Description

Brand-new roof installed in August 2026! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Common laundry provides additional income potential. A flexible asset with the ability to immediately owner-occupy or use as a long-term hold with good cashflow + additional upside potential through operational improvements.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringVinyl, Vinyl Plank, Carpet

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories2

General

AmenitiesSee Remarks

Building Area Units0 sqft

Cap Rate5.16

Carport Spaces0

Carport Y/NNo

CityLynnwood

CoolingNone

CountySnohomish

DirectionsGPS works!

Electric Expense1283

Fuel Expense0

Garage Spaces0

HOANo

HOA Fee$0

HeatingBaseboard

High School DistrictEdmonds

Insurance Expense1527

Leasable Area3,080 sqft

Listing TermsCash, Conventional

Living Area0 sqft

Lot Size Square Feet9,583 sqft

Lot Size UnitsSquare Feet

MLS Area730 - Southwest Snohomish

NWM_ShowMapLinkY

Net Operating Income50000

New ConstructionNo

Number Of Units Total4

PossessionClosing, Subject To Tenant Rights

Possible UseMulti-Family

Property Style54 - 4-Plex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksBrand-new roof installed in August 2026! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to un

RoofBuilt-Up, Flat, Torch Down

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeQuadruplex

Subdivision NameLynnwood

Tax Annual Amount$7,916

Tax Year2026

Units Below Gradetrue

Units In Building Total4

ViewTerritorial

Water Sewer Garbage5073

Year Built1966

Zoning DescriptionMulti-Family

Exterior

Building Area Total3,248 sqft

Covered Spaces0

Exterior AmenitiesMetal/Vinyl

Foundation DetailsSlab

Irrigation Water Rights Y/NNo

Lot FeaturesDead End Street, Paved

Lot Size Acres0.22

Parking Uncovered Total8

Site FeaturesCable TV, Deck

Total Parking8

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

High School N/A

Elementary School N/A

Middle School N/A

Similar Properties

$969,000

7 Beds 4 Baths 3,248 SQFT 0.22 Acres

Type: Multi-Family

15328 40th Avenue W
Lynnwood, WA 98087

MLS#: 2575395

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Property

$969,000

15328 40th Avenue W
Lynnwood, WA 98087

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$969,000

15328 40th Avenue W
Lynnwood, WA 98087

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Property

$969,000

15328 40th Avenue WLynnwood, WA 98087

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$969,000

15328 40th Avenue WLynnwood, WA 98087

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15328 40th Avenue W
Lynnwood, WA 98087

15328 40th Avenue W
Lynnwood, WA 98087