5208 188th Street SW Lynnwood, WA $ 1,197,500
5208 188th Street SW
$ 1,197,500
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5208 188th Street SW

Lynnwood, WA, 98037
$ 1,197,500
Baths0.0 Sq 2,976

Monthly Estimate*

$ 7,373

Listed by Best Choice Realty LLC
5208 188th Street SW, Lynnwood, WA 98037 - Image 1
5208 188th Street SW, Lynnwood, WA 98037 - Image 2
5208 188th Street SW, Lynnwood, WA 98037 - Image 3
5208 188th Street SW, Lynnwood, WA 98037 - Image 4
5208 188th Street SW, Lynnwood, WA 98037 - Image 5
Studio

Multi-Family Home for sale in Lynnwood, WA

for $1,197,500. This 2,976 square foot home was built in 1968 on a lot size of 0.26.

Fantastically located triplex on a corner lot in Lynnwood short distance to light rail and all conveniences. Units are 2 bedroom and one and a half bath townhome style with washer and dryer. Pride of ownership with extensive improvements that include new electrical wiring, panels and plumbing throughout. The exterior was recently painted this spring. Roof was upgraded and replaced 9 years ago. This building has historically attracted long term tenancy.

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Multi-Family Active

Price

$ 1,197,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 8,386

Style

Tri-plex

Lot Size

0.26

Year Built

1968

Town/City

Lynnwood

County/Region

Snohomish

MLS | Web ID

2526122

Features
General
Living Area 0
Sewer Sewer Connected
Heating Heat Pump Wall Furnace
Cooling Heat Pump
Possession Subject To Tenant Rights
Roof Torch Down
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1968
Property Subtype Multi Family
Tax Year 2026
County Snohomish
Net Operating Income 59850
Insurance Expense 2733
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lynnwood
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I-5: Take 196th St exit and head west. Take right on to 52nd Ave W to 188th St SW; building is on the SW corner.
High School Lynnwood High
City Lynnwood
Senior Community Y/N N
High School District Edmonds
Zoning Description Multi-Family
Number Of Units Total 3
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 11326
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Cedar Vly Community
Tax Annual Amount 8386
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Alderwood Mid
Public Remarks Fantastically located triplex on a corner lot in Lynnwood short distance to light rail and all conveniences. Units are 2 bedroom and one and a half bath townhome style with washer and dryer. Pride of
Leasable Area 2976
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 4110
Property Style 53 - Tri-plex
Cap Rate 4.99
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot
Water Source Public
Total Parking 6
Foundation Details Concrete Ribbon
Building Area Total 2976
Lot Size Acres 0.26
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Total 6
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 6
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 NWM2526122
Street Number 1 5208
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* Excluded Features
List By
Robert Hardy

Listing Agent

Best Choice Realty Llc

Broker

Affordability Calculator

$8,072
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,373
Monthly Property Taxes
$699
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
4514533 Elementary School
257329 Middle School
Lynnwood High High School
Pricing History
DatePricePrice ChangeDescription
5/20/2026$1,197,500 Listed Price

Map


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5208 188th Street SW, Lynnwood, WA, 98037 is a Multi-Family Home for sale at $1,197,500 with 2,976 sqft and a lot size of 0.26. 5208 188th Street SW is a studio with 0.0 baths and was built in 1968. The property's zip code is 98037 which is in Lynnwood, WA