15215 Larch Way Lynnwood, WA $ 1,100,000
15215 Larch Way
$ 1,100,000
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15215 Larch Way

Lynnwood, WA, 98087
$ 1,100,000
Baths0.0 Sq 2,520

Monthly Estimate*

$ 6,773

Listed by MacPherson's Real Estate Serv.
15215 Larch Way, Lynnwood, WA 98087 - Image 1
15215 Larch Way, Lynnwood, WA 98087 - Image 2
15215 Larch Way, Lynnwood, WA 98087 - Image 3
15215 Larch Way, Lynnwood, WA 98087 - Image 4
15215 Larch Way, Lynnwood, WA 98087 - Image 5
15215 Larch Way, Lynnwood, WA 98087 - Image 6
15215 Larch Way, Lynnwood, WA 98087 - Image 7
Studio

Multi-Family Home for sale in Lynnwood, WA

for $1,100,000. This 2,520 square foot home was built in 1983 on a lot size of 0.35.

Fully rented Duplex on oversized lot just half a block from the north end of Martha Lake, the location and upside potential make this a truly unique chance to get a tremendous investment property while also having a ready-made building site. Newley recorded ingress/egress easement across the southern neighbor, opens up the ability to get to the back yard and continue to add up to 2 more units. The lot is on power, sewer, no wetlands and has a HUGE back yard where you can turn this duplex into a quad plex - all for market value. Natural Gas furnaces, garages, under market rents with long term tenants. This one has it all - ready to expand while the tenants pay towards your mortgage.

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Multi-Family Active

Price

$ 1,100,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,317

Style

Duplex

Lot Size

0.35

Year Built

1983

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2467752

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 1983
Property Subtype Multi Family
Tax Year 2024
County Snohomish
Net Operating Income 39983
Insurance Expense 1400
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Martha Lake
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From 164th head north on Larch way. Stay on larch at the T in the road to home on the right. Just north of the lake.
High School Buyer To Verify
City Lynnwood
Senior Community Y/N N
High School District Edmonds
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 15246
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA
Elementary School Buyer To Verify
Tax Annual Amount 7317
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Fair
Public Remarks Fully rented Duplex on oversized lot just half a block from the north end of Martha Lake the location and upside potential make this a truly unique chance to get a tremendous investment property whil
Leasable Area 2580
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Alderwood
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 3.6
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Exterior
Exterior Amenities Wood
Lot Features Value In Land
Water Source Public
Foundation Details Poured Concrete
Building Area Total 2520
Lot Size Acres 0.35
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Parking Uncovered Total 2
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2467752
Street Number 1 15215
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* Excluded Features
List By
Kyle Moore

Listing Agent

Macpherson's Real Estate Serv.

Broker

Affordability Calculator

$7,383
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
$610
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3100743 Elementary School
3100712 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
1/13/2026$1,100,000 Listed Price

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15215 Larch Way, Lynnwood, WA, 98087 is a Multi-Family Home for sale at $1,100,000 with 2,520 sqft and a lot size of 0.35. 15215 Larch Way is a studio with 0.0 baths and was built in 1983. The property's zip code is 98087 which is in Lynnwood, WA