Property Details
14926 40th Avenue W #3
Lynnwood, WA 98087
$1,050,000
Active
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Property Overview
Exceptional duplex investment opportunity in the heart of Lynnwood offering two expansive residences—each featuring 3 bedrooms, 2.5 baths and 1,628 SF of thoughtfully designed living. Each unit lives like a standalone home with spacious open-concept layouts, generous living and dining areas, well-appointed kitchens with abundant cabinetry and seamless indoor-outdoor flow. Upstairs level boasts private bedroom retreats including a spacious primary suite with ensuite bath and additional bedrooms offering flexibility for guests, home office or extended living. Both have 2 car garages and 2 driveway parking spaces. Ideal for owner-occupants or investors seeking strong rental potential, this property delivers modern layouts, generous living areas and functional floor plans. Just minutes to Alderwood Mall, a premier shopping, dining, and entertainment destination, and conveniently located near the Lynnwood Transit Center with expanding light rail access, enhancing long-term appreciation and tenant demand. Easy access to I-5 and I-405 with quick connectivity to major employment hubs including Boeing—as well as Seattle, Bellevue, and the Eastside tech corridor. Lynnwood continues to attract growth with a strong employment base and Edmonds College nearby, supporting consistent rental demand. A rare opportunity to secure a high-performing asset in a rapidly growing corridor—live in one unit and rent the other or maximize cash flow in a location poised for continued expansion!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Lynnwood
Listed
Apr 2, 2026
Original Price
$1,125,000
Structure Type
Duplex
Parcel Number
00876400000300
Tax & HOA
Annual Property Tax
$5,800 (2026)
Est. Monthly Tax
$483/mo
Financial Summary
Cap Rate
4.40%
Net Operating Income
$48,400
Gross Scheduled Income
$56,400
Gross Rent Multiplier
19.00
Total Expenses
$8,000
Building & Use
Building Sq Ft
3,256
Leasable Area
3,256 sqft
Total Units
2
Lot Size
7,370 sqft
Year Built
1999
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1999
Garage
2 spaces
Exterior Materials
Metal/Vinyl
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street
Exterior Features
Metal/Vinyl
Community & Access
Directions
From SR 525 Take Hwy 99 South to 148th St SW, head West on 148th St SW then go South on 40th Ave W. Duplex is on the right side.
Location
City
Lynnwood
County
Snohomish
Coordinates
47.86261, -122.28789
Additional Information
Tax Year
2026
Annual Taxes
$5,800
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 AM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
