15328 40th Avenue W, Lynnwood, Washington 98087

WA, Lynnwood
$1,065,000
  • 3,248 Sqft
  • Residential Income Property Type
  • 1966 Year Built
  • Active Status
Property Description

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!). Common 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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2476109
  • Price: $1,065,000
  • View: Territorial
  • Square Footage: 3,248 Sqft
  • Year Built: 1966
  • Lot Area: 0.22 Acre
  • Status: Active
  • Office Name: Windermere Real Estate Co.
  • Agent Name: Tom Cowan
  • Property Sub Type: Multi Family
  • Roof: Torch Down, Flat
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Metal/Vinyl
  • Flooring Carpet, Vinyl Plank, Vinyl
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Snohomish
  • City Lynnwood
  • Zipcode 98087
  • Street: 40th
  • Street Number: 15328
  • Street Suffix: Avenue
  • Longitude: W123° 42' 44.4''
  • Latitude: N47° 51' 34.3''
  • Directions: GPS works!
  • Mls Area Major: 730 - Southwest Snohomish
  • Street Dir Suffix: W
Neighborhood
  • High School District: Edmonds
Additional Information
  • Water Source: Public
  • Stories Total: 1
  • Possible Use: Multi-Family
  • On Market Date: 2026-02-24
  • Number Of Units Total: 4
  • Lot Features: Dead End Street, Paved
  • Foundation Details: Slab
  • Construction Materials: Metal/Vinyl
Financial
  • Tax Annual Amount: 7822
Listing Information
  • List Agent Mls Id: 96510
  • List Office Mls Id: 7192
  • Listing Term: Cash,Conventional
  • Mls Status: Active
  • Modification Timestamp: 2026-04-24T17:46:10Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-02-25T00:31:54Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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