Property Details
2118 160th Place SW
Lynnwood, WA 98087
$947,450
Active
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Property Overview
AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a turn-key tri-plex in Lynnwood. Strong portfolio starter, addition or opportunity to live in one unit while renting the others! Potential for improvement by increasing to market rents and adding coin-op. Featuring 4 BD / 2.5 BA upstairs and two 1 BD / 1 BA units downstairs with a shared garage, carport and ample room for tenant and guest parking. 2 fully fenced yards that are separate and an expansive deck connected to the top unit. Brand new exterior paint. Conveniently located and just minutes to I5, Shopping, Lakes, Trails, Restaurants, Schools and more! Just a block from the upcoming Ash Way Light Rail Station making for an easy commute either direction along with Very Favorable Zoning!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
Lynnwood
Listed
Jun 3, 2026
Structure Type
Triplex
Parcel Number
00473600002600
Tax & HOA
Annual Property Tax
$7,133 (2024)
Est. Monthly Tax
$594/mo
Financial Summary
Cap Rate
4.40%
Net Operating Income
$53,847
Gross Scheduled Income
$63,480
Gross Rent Multiplier
19.30
Total Expenses
$9,633
Building & Use
Building Sq Ft
3,547
Leasable Area
3,547 sqft
Total Units
3
Zoning
Multi-Family,See Remarks
Possible Use
Multi-Family, See Remarks
Lot Size
9,148 sqft
Year Built
1963
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1963
Garage
2 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved, Value In Land
Exterior Features
Wood, Wood Products
Community & Access
Directions
GPS Friendly
Location
City
Lynnwood
County
Snohomish
Coordinates
47.85252, -122.26243
Additional Information
Tax Year
2024
Annual Taxes
$7,133
Possession
Array
Based on information submitted to the MLS GRID as of June 4, 2026 6:00 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.
