14926 40th Avenue W # 3 Lynnwood, WA $ 1,125,000
14926 40th Avenue W # 3
$ 1,125,000
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14926 40th Avenue W # 3

Lynnwood, WA, 98087
$ 1,125,000
Baths0.0 Sq 3,256

Monthly Estimate*

$ 6,927

Listed by Lions Realty Group
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Studio

Multi-Family Home for sale in Lynnwood, WA

for $1,125,000. This 3,256 square foot home was built in 1999 on a lot size of 0.1692.

Exceptional duplex investment opportunity in the heart of Lynnwood offering two expansive residences—each featuring 3 bedrooms, 2.5 baths and 1,628 SF of thoughtfully designed living. Each unit lives like a standalone home with spacious open-concept layouts, generous living and dining areas, well-appointed kitchens with abundant cabinetry and seamless indoor-outdoor flow. Upstairs level boasts private bedroom retreats including a spacious primary suite with ensuite bath and additional bedrooms offering flexibility for guests, home office or extended living. Both have 2 car garages and 2 driveway parking spaces. Ideal for owner-occupants or investors seeking strong rental potential, this property delivers modern layouts, generous living areas and functional floor plans. Just minutes to Alderwood Mall, a premier shopping, dining, and entertainment destination, and conveniently located near the Lynnwood Transit Center with expanding light rail access, enhancing long-term appreciation and tenant demand. Easy access to I-5 and I-405 with quick connectivity to major employment hubs including Boeing—as well as Seattle, Bellevue, and the Eastside tech corridor. Lynnwood continues to attract growth with a strong employment base and Edmonds College nearby, supporting consistent rental demand. A rare opportunity to secure a high-performing asset in a rapidly growing corridor—live in one unit and rent the other or maximize cash flow in a location poised for continued expansion!

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Multi-Family Active

Price

$ 1,125,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,800

Style

Duplex

Lot Size

0.1692

Year Built

1999

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2500007

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 2
Year Built 1999
View Territorial
Unit Number 3
Property Subtype Multi Family
Tax Year 2026
County Snohomish
Net Operating Income 48400
Insurance Expense 2200
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Lynnwood
Special Listing Conditions None
Status Active
Directions From SR 525 Take Hwy 99 South to 148th St SW head West on 148th St SW then go South on 40th Ave W. Duplex is on the right side.
City Lynnwood
Senior Community Y/N N
High School District Edmonds
Number Of Units Total 2
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 7370
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Tax Annual Amount 5800
Electric Expense 0
Fuel Expense 0
Public Remarks Exceptional duplex investment opportunity in the heart of Lynnwood offering two expansive residenceseach featuring 3 bedrooms 2.5 baths and 1 628 SF of thoughtfully designed living. Each unit lives l
Leasable Area 3256
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 4.4
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Dead End Street
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 3256
Lot Size Acres 0.1692
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Parking Uncovered Total 2
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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 NWM2500007
Street Number 1 14926
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* Excluded Features
List By
Michelle Lions

Listing Agent

Lions Realty Group

Broker

Affordability Calculator

$7,410
Per Month
93%
7%
0%
Monthly Principal & Interest
$6,927
Monthly Property Taxes
$483
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
4/3/2026$1,125,000 Listed Price

Map


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14926 40th Avenue W # 3, Lynnwood, WA, 98087 is a Multi-Family Home for sale at $1,125,000 with 3,256 sqft and a lot size of 0.1692. 14926 40th Avenue W # 3 is a studio with 0.0 baths and was built in 1999. The property's zip code is 98087 which is in Lynnwood, WA