19618 -19628 68th Avenue W Lynnwood, WA $ 4,495,000
19618 -19628 68th Avenue W
$ 4,495,000
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19618 -19628 68th Avenue W

Lynnwood, WA, 98036
$ 4,495,000
Baths0.0 Sq 22,100

Monthly Estimate*

$ 28,043

Listed by Paragon Real Estate Advisors
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Studio

Multi-Family Home for sale in Lynnwood, WA

for $4,495,000. This 22,100 square foot home was built in 1962 on a lot size of 1.41.

The Chrimar Apartments is a unique value add multifamily investment opportunity in the thriving Lynnwood market. This 31-unit property offers investors immediate operational upside with the opportunity to increase rents and reposition the asset. The building consists of 31 units made up of 4 one bedroom/one bath units, 25 two bedroom/two bath units, 1 three bedroom/1 bath unit and 1 three bedroom/one and a half bath townhouse unit. 5 of the units have recently been turned over and are in the process of lease up. The property features a large common laundry room for the tenant’s convenience. Additionally, there is a RUBS system currently in place for ownership reimbursement of utility costs.

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Multi-Family Pending

Price

$ 4,495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 50,566

Style

10+ Units

Lot Size

1.41

Year Built

1962

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2396882

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Built-Up
HOA Fee 0
Year Built 1962
Property Subtype Multi Family
Tax Year 2024
County Snohomish
Net Operating Income 351331
Insurance Expense 29450
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lynnwood
Special Listing Conditions None
Status Pending
Directions From Seattle get on I-5 N. Follow I-5 N to 220th St SW in Mountlake Terrace. Take exit 179 from I-5 N. Follow 220th St SW to 66th Ave W.
City Lynnwood
Senior Community Y/N N
High School District Edmonds
Open Parking Spaces 51
Number Of Units Total 0
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 61419
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 50566
Electric Expense 0
Fuel Expense 0
Public Remarks The Chrimar Apartments is a unique value add multifamily investment opportunity in the thriving Lynnwood market. This 31-unit property offers investors immediate operational upside with the opportuni
Leasable Area 22100
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Units Below Grade false
Units In Building Total 31
Water Sewer Garbage 53787
Property Style 56 - 10+ Units
Cap Rate 7.82
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Exterior
Exterior Amenities Brick
Total Parking 51
Building Area Total 22100
Lot Size Acres 1.41
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 51
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2396882
Street Number 1 19618
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* Excluded Features
List By
Michael Urquhart

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$32,257
Per Month
87%
13%
0%
Monthly Principal & Interest
$28,043
Monthly Property Taxes
$4,214
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256968 Elementary School
257957 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/24/2025$4,495,000 Listed Price

Map


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19618 -19628 68th Avenue W, Lynnwood, WA, 98036 is a Multi-Family Home for sale at $4,495,000 with 22,100 sqft and a lot size of 1.41. 19618 -19628 68th Avenue W is a studio with 0.0 baths and was built in 1962. The property's zip code is 98036 which is in Lynnwood, WA