Property Details
15330 40th Avenue W #A & B
Lynnwood, WA 98087
$775,000
Pending Short Sale
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Property Overview
Excellent investment opportunity! This beautifully updated duplex offers flexibility and income potential. Live in one unit and rent out the other to offset your mortgage. Unit A features 3 bedrooms, each with a walk-in closet, plus new floors, fresh paint, tile backsplash, a wood-burning fireplace, and a newly sealed deck. A new roof was installed in 2023. Unit B includes 2 bedrooms, new flooring and carpet, sleek quartz countertops, and abundant natural light. Both units are move-in ready and designed for comfort and functionality. Whether you're house-hacking or building your rental portfolio, this is a smart, versatile investment you won't want to miss! This home appraised at 925K in 2023 prior to updates so its priced to sell!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Short Sale
County
Snohomish
Neighborhood
Lynnwood
Listed
Jun 5, 2025
Original Price
$925,000
Structure Type
Duplex
Parcel Number
00372901102101
Tax & HOA
Annual Property Tax
$4,255 (2024)
Est. Monthly Tax
$355/mo
Financial Summary
Cap Rate
0.07%
Net Operating Income
$55,145
Gross Scheduled Income
$68,400
Gross Rent Multiplier
11.33
Total Expenses
$13,255
Building & Use
Building Sq Ft
1,368
Leasable Area
2,008 sqft
Total Units
2
Lot Size
7,405 sqft
Year Built
1955
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1955
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Open Space, Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
Use google maps…GPS works perfectly
Location
City
Lynnwood
County
Snohomish
Coordinates
47.85929, -122.28767
Additional Information
Tax Year
2024
Annual Taxes
$4,255
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.
