15328 40th Avenue W Lynnwood, WA $ 1,065,000
15328 40th Avenue W
$ 1,065,000
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15328 40th Avenue W

Lynnwood, WA, 98087
$ 1,065,000
Baths0.0 Sq 3,248

Monthly Estimate*

$ 6,557

Listed by Windermere Real Estate Co.
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Studio

Multi-Family Home for sale in Lynnwood, WA

for $1,065,000. This 3,248 square foot home was built in 1966 on a lot size of 0.22.

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!). Coin-op laundry provides additional income. 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.

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Multi-Family Active

Price

$ 1,065,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,822

Style

4-Plex

Lot Size

0.22

Year Built

1966

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2476109

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Flat Torch Down
HOA Fee 0
Garage Spaces 0
Year Built 1966
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Snohomish
Net Operating Income 46704
Insurance Expense 1527
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lynnwood
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS works!
City Lynnwood
Senior Community Y/N N
High School District Edmonds
Zoning Description Multi-Family
Number Of Units Total 4
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 9583
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 7822
Electric Expense 1283
Fuel Expense 0
Public Remarks 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 inte
Leasable Area 3080
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade true
Units In Building Total 4
Water Sewer Garbage 5073
Property Style 54 - 4-Plex
Cap Rate 4.39
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Dead End Street Paved
Water Source Public
Foundation Details Slab
Building Area Total 3248
Lot Size Acres 0.22
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck
Parking Uncovered Total 8
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
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 NWM2476109
Street Number 1 15328
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* Excluded Features
List By
Tom Cowan

Listing Agent

Windermere Real Estate Co.

Broker

Affordability Calculator

$7,209
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,557
Monthly Property Taxes
$652
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
2/25/2026$1,065,000 Listed Price

Map


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15328 40th Avenue W, Lynnwood, WA, 98087 is a Multi-Family Home for sale at $1,065,000 with 3,248 sqft and a lot size of 0.22. 15328 40th Avenue W is a studio with 0.0 baths and was built in 1966. The property's zip code is 98087 which is in Lynnwood, WA