16226 Larch Way # 1 & 2 Lynnwood, WA $ 1,795,000
16226 Larch Way # 1 & 2
$ 1,795,000
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16226 Larch Way # 1 & 2

Lynnwood, WA, 98087
$ 1,795,000
Baths0.0 Sq 3,776

Monthly Estimate*

$ 11,052

Listed by Eleet Properties NW
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Studio

Multi-Family Home for sale in Lynnwood, WA

for $1,795,000. This 3,776 square foot home was built in 1940 on a lot size of 0.3.

Absolutely One-of-a-Kind Duplex with Stunning Lake Views!!! This absolutely one-of-a-kind duplex offers spectacular lake and mountain views from both units. Positioned for maximum long or short-term rental income, this property is a prime opportunity with the World Cup coming to Seattle! Unit 1 (3 Bed/2 Bath): Features a 2+ car garage and extensive upgrades, including a new kitchen, bathrooms, flooring, exterior/interior paint, lighting, hot water heater, and gutters. Highlights include a 230 sq ft covered deck and patio areas. Plenty of parking for 4-6 cars, plus RV and boat parking. Unit 2 (2 Bed/2 Bath): Features an 800 sq ft RV garage with additional parking for 4-6 cars. This unit includes an elevator, a commercial generator powered by a 1,000-gallon underground propane tank for peace of mind, and a massive, partially covered 1,000+ sq ft deck with unobstructed views of Martha Lake. Additional Features: 1,300+ sq ft of attached, permitted, and unfinished space. This area is connected to Unit 2 but can be converted into 1 or 2 additional studio units, offering excellent potential for increased rental income. Separate driveways for each unit. Separate water and sewer meters. Located just 5-10 minutes from light rail, I-5, I-405, shopping, Mill Creek Town Center, fabulous restaurants, Alderwood Mall, and so much more!!! Seller also willing to sell units separately.

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Multi-Family Active

Price

$ 1,795,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,703

Style

Duplex

Lot Size

0.3

Year Built

1940

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2463970

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling Other See Remarks
Possession Closing Negotiable See Remarks
Roof Metal
HOA Fee 0
Garage Spaces 4
Year Built 1940
View Lake Mountain(s)
Unit Number 1 & 2
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 0
Insurance Expense 1596
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 I-5 take exit 183 and go east off exit to Larch Way take a left on Larch Way and home is on left. Or use GPS
City Lynnwood
Senior Community Y/N N
High School District Edmonds
Zoning Description Multi-Family
Open Parking Spaces 12
Number Of Units Total 2
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 13068
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 7703
Electric Expense 0
Fuel Expense 0
Property Condition Good
Public Remarks Absolutely One-of-a-Kind Duplex with Stunning Lake Views!!! This absolutely one-of-a-kind duplex offers spectacular lake and mountain views from both units. Positioned for maximum long or short-ter
Leasable Area 3776
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement Elevator See Remarks Storage
Water Company Alderwood
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 0
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Exterior
Exterior Amenities Cement/Concrete Metal/Vinyl Stone Wood
Parking Features RV Parking
Lot Features Open Space Paved Secluded
Water Source Public
Total Parking 18
Foundation Details Block Poured Concrete Slab
Building Area Total 3776
Lot Size Acres 0.3
Waterfront Y/N N
Covered Spaces 6
Irrigation Water Rights Y/N N
Site Features Deck Gas Available Propane Rooftop Deck RV Parking
Parking Uncovered Total 12
Parking Uncovered Spaces 12
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Interior
Flooring Ceramic Tile Concrete Hardwood Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
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 NWM2463970
Street Number 1 16226
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* Excluded Features
List By
Charles R Lough

Listing Agent

Eleet Properties Nw

Broker

Affordability Calculator

$11,694
Per Month
95%
5%
0%
Monthly Principal & Interest
$11,052
Monthly Property Taxes
$642
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
256968 Elementary School
257957 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2026$1,795,000 Listed Price

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16226 Larch Way # 1 & 2, Lynnwood, WA, 98087 is a Multi-Family Home for sale at $1,795,000 with 3,776 sqft and a lot size of 0.3. 16226 Larch Way # 1 & 2 is a studio with 0.0 baths and was built in 1940. The property's zip code is 98087 which is in Lynnwood, WA