15328 40th Avenue W, Lynnwood, WA 98087

Lynnwood
Local realty services provided by:Knipe Realty ERA Powered
Listed by: tom cowan
Office: windermere real estate co.
MLS#:2563529
Source:NWMLS
15328 40th Avenue W,Lynnwood, WA 98087
$969,000
  • - Beds
  • - Baths
  • 3,248 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$969,000
  • Price per sq. ft.:$298.34

About this home

New Price! 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.

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Home facts

  • Year built:1966
  • Subdivision & Development:Lynnwood
  • Listing ID #:2563529
  • Updated:August 03, 2026 at 11:15 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor, Vinyl Plank
  • Living area:3,248 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof, Torch Down
  • Year built:1966
  • Building area:3,248 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Dead-end Street, Paved
  • Construction Materials:Metal/Vinyl Exterior Finish
  • Exterior Features:Deck

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$969,000
  • Price per sq. ft.:$298.34
  • Tax amount:$7,822 (2025)

Features and amenities

  • Amenities:Cable TV

Parking

  • Total parking spaces:8
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