Property Details
15320 40th Avenue W
Lynnwood, WA 98087
$1,270,000
Active
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Property Overview
Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building with all 4 units updated, new roof installed this summer and back deck freshly painted. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Alderwood
Listed
Sep 23, 2025
Original Price
$1,299,900
Structure Type
Quadruplex
Parcel Number
00372901102103
Tax & HOA
Annual Property Tax
$8,857 (2024)
Est. Monthly Tax
$738/mo
Financial Summary
Cap Rate
5.40%
Net Operating Income
$71,444
Gross Scheduled Income
$89,880
Gross Rent Multiplier
14.46
Total Expenses
$18,436
Building & Use
Building Sq Ft
3,812
Leasable Area
3,812 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
13,504 sqft
Year Built
1980
Exterior & Lot
Lot Size
0.31 sqft
Year Built
1980
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
North on 99 to the House of Clocks. Just N of intersection turn Left on 40th W.
Location
City
Lynnwood
County
Snohomish
Coordinates
47.85954, -122.28836
Additional Information
Tax Year
2024
Annual Taxes
$8,857
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.
