Active · Residential Income

15328 40th Avenue W, Lynnwood, WA 98087

Lynnwood, WA 98087

$969,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Windermere Real Estate Co. · MLS #2575395 · Active

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About this property

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.

Property details

Property type: Multi Family
Year built: 1966
Lot size: 9,583 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $7,916 (2026)
Parking spaces: 8
School district: Edmonds

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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