16231 E Shore Drive Lynnwood, WA $ 687,500
16231 E Shore Drive
$ 687,500
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16231 E Shore Drive

Lynnwood, WA, 98087
$ 687,500
Baths0.0 Sq 1,560

Monthly Estimate*

$ 4,233

Listed by RE/MAX Northwest
16231 E Shore Drive, Lynnwood, WA 98087 - Image 1
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16231 E Shore Drive, Lynnwood, WA 98087 - Image 17
View a Virtual Tour
Studio

Multi-Family Home for sale in Lynnwood, WA

for $687,500. This 1,560 square foot home was built in 1986 on a lot size of 0.35.

Unlock incredible potential with this charming duplex, perfectly situated for those who value both nature and urban convenience. Nestled on a sprawling 15,000+ sq. ft. lot, this property is a rare find—offering ample space, privacy, and versatility for savvy investors or multi-generational living. Ideal Location: Just a short stroll to the serene Martha Lake, local coffee shops, parks, and easy-access bus lines.Peace of mind comes standard with a newer roof and fresh exterior paint.Turn-Key Potential: Each unit features 2 bedrooms and 1 bathroom, laundry and filled with natural light. While the interiors are waiting for your personal touch with new carpet and paint, the units are move-in ready.The large lot includes a storage shed and is mostly fenced—perfect for pets, gardening, or future expansion.Ample Parking: No more street parking woes; the property accommodates 4+ vehicles comfortably off-street.Whether you are looking to house in a "side-by-side" setup or seeking a high-demand rental property in a prime commuter location, this duplex is a diamond in the rough.Bring your vision, a fresh gallon of paint, and capitalize on the sweat equity waiting to be claimed!

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Multi-Family Pending

Price

$ 687,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,004

Style

Duplex

Lot Size

0.35

Year Built

1986

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2507948

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1986
Property Subtype Multi Family
Tax Year 2026
County Snohomish
Net Operating Income 0
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Martha Lake
Special Listing Conditions None
Status Pending
Directions I-5 to 164th St East to E Shore Dr North on E Shore Drive first driveway after you to Right on E Shore.
High School Buyer To Verify
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 15246
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional Farm Home Loan Rehab Loan
Elementary School Buyer To Verify
Tax Annual Amount 6004
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Unlock incredible potential with this charming duplex perfectly situated for those who value both nature and urban convenience. Nestled on a sprawling 15 000+ sq. ft. lot this property is a rare find
Leasable Area 1560
Virtual Tour https://www.tourfactory.com/idxr3240915
Structure Type Duplex
Building Area Units Square Feet
Standard Status Pending
Amenities Storage Thermal Windows
Water Company Alderwood Water
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 Wood
Lot Features Dead End Street Paved Value In Land
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 1560
Lot Size Acres 0.35
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially High Speed Internet Outbuildings
Parking Uncovered Total 4
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Interior
Flooring Vinyl 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 NWM2507948
Street Number 1 16231
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* Excluded Features
List By
Mary A. Sincavage

Listing Agent

Re/Max Northwest

Broker

Affordability Calculator

$4,733
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,233
Monthly Property Taxes
$500
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
4/15/2026$687,500 Listed Price

Map


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16231 E Shore Drive, Lynnwood, WA, 98087 is a Multi-Family Home for sale at $687,500 with 1,560 sqft and a lot size of 0.35. 16231 E Shore Drive is a studio with 0.0 baths and was built in 1986. The property's zip code is 98087 which is in Lynnwood, WA