15328 40th Avenue W, Lynnwood, WA 98087
- $969,000
- 3,248
- SqFt
Listing courtesy of Windermere Real Estate Co..
- List Price
- $969,000
- Status
- ACTIVE
- MLS#
- 2539200
- Days on Market
- 152
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,248
- Lot Size (sq ft)
- 9,583
Property Description
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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Additional Information
- List Date
- 2026-02-25 02:43:11
- Community
- Lynnwood
- Potential Terms
- Cash, Conventional
- Year Built
- 1966
- View
- Territorial
- Roof
- Flat, Torch Down
- Site Features
- Cable TV, Deck
- School District
- Edmonds
- Total Monthly Income
- $6,537
- Gross Scheduled Income
- $78,444
- Vacancy Rate
- 5
- Gross Adjusted Income
- $74,522
- Tax Year
- 2025
- Insurance Expense
- $1,527
- W/S/G Expenses
- $5,073
- Total Expenses
- $24,998
- Net Operating Income
- $49,524
- Gross Rent Multiplier
- 12.35
- Cap Rate
- 5.11
Mortgage Calculator
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.