All homes

$969,000

15328 40th Avenue

Lynnwood, WA 98087

Active
Territorial view

Beds

Baths

Sq Ft

Lot

0.22 ac

Year built

1966

Type

Residential Income

Days listed

5

MLS #

2575395

About this home

Brand-new roof installed in August 2026! 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 potential. 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.

Exterior features

Metal/Vinyl

Property details

Heating
Baseboard
Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
View
Territorial
Lot
Dead End Street, Paved
Water source
Public
Sewer
Sewer Connected

Costs

Annual taxes
$7,916 (2026)

Estimate your monthly payment

$5,559/mo

Principal & interest
$4,900
Property taxes
$660
Loan amount $775,200

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Lynnwood, WA 98087

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Real Estate Co.— Tom Cowan.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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