15320 40th Avenue W Lynnwood, WA $ 1,299,900
15320 40th Avenue W
$ 1,299,900
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15320 40th Avenue W

Lynnwood, WA, 98087
$ 1,299,900
Baths0.0 Sq 3,812

Monthly Estimate*

$ 8,110

Listed by Best Choice Realty LLC
15320 40th Avenue W, Lynnwood, WA 98087 - Image 1
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Studio

Multi-Family Home for sale in Lynnwood, WA

for $1,299,900. This 3,812 square foot home was built in 1980 on a lot size of 0.31.

Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building with all 4 units updated, new roof installed this summer and back deck freshly painted. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.

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Multi-Family Active

Price

$ 1,299,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,857

Style

4-Plex

Lot Size

0.31

Year Built

1980

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2436507

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1980
View Territorial
Property Subtype Multi Family
Tax Year 2024
Building Name Alderwood Manor 04
County Snohomish
Net Operating Income 71444
Insurance Expense 2259
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Alderwood
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions North on 99 to the House of Clocks. Just N of intersection turn Left on 40th W.
High School Meadowdale High
City Lynnwood
Senior Community Y/N N
High School District Edmonds
Zoning Description Multi-Family
Open Parking Spaces 8
Number Of Units Total 4
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 13504
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Beverly Elem
Tax Annual Amount 8857
Electric Expense 1800
Fuel Expense 0
Middle/Junior High School Meadowdale Mid
Public Remarks Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1 000 sqft. 2 bedrooms & 1.5 bathrooms living room with fireplace dining k
Leasable Area 3812
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company Alderwood
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 5520
Property Style 54 - 4-Plex
Cap Rate 5.4
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Dead End Street Paved
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3812
Lot Size Acres 0.31
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck High Speed Internet
Parking Uncovered Spaces 8
Lot Number 21 3
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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 NWM2436507
Street Number 1 15320
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* Excluded Features
List By
John Kim

Listing Agent

Best Choice Realty Llc

Broker

Affordability Calculator

$8,848
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,110
Monthly Property Taxes
$738
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
257905 Elementary School
256533 Middle School
Meadowdale High High School
Pricing History
DatePricePrice ChangeDescription
9/23/2025$1,299,900 Listed Price

Map


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15320 40th Avenue W, Lynnwood, WA, 98087 is a Multi-Family Home for sale at $1,299,900 with 3,812 sqft and a lot size of 0.31. 15320 40th Avenue W is a studio with 0.0 baths and was built in 1980. The property's zip code is 98087 which is in Lynnwood, WA