Property Details
3303 156th Street SW
Lynnwood, WA 98087
$1,275,000
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Property Overview
A rare single-level duplex, plus- buildable land. Upscale – with vaulted ceilings, laminate flooring, gas heat, gas fireplaces private decks & yards, and large two-car garages for each home. One unit has a double sided gas fireplace, the other has one gas, one wood. With extra land & the highest density zoning, you could build another duplex here, or two townhomes, or split off the additional land to sell to a builder. What an opportunity for those thinking about an ADU, a compound or extra rental income. Beautifully built, set back from the street, and conveniently located near Alderwood Mall, Costco, and the Lynnwood Light Rail – this is an ideal property with an extra bonus upside potential!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Snohomish
Neighborhood
North Lynnwood
Listed
Jun 15, 2026
Structure Type
Duplex
Parcel Number
003729008001
Tax & HOA
Annual Property Tax
$8,776 (2025)
Est. Monthly Tax
$731/mo
Financial Summary
Cap Rate
4.47%
Net Operating Income
$57,046
Gross Scheduled Income
$72,000
Gross Rent Multiplier
17.70
Total Expenses
$11,354
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,084
Leasable Area
3,084 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
18,731 sqft
Year Built
2007
Exterior & Lot
Lot Size
0.43 sqft
Year Built
2007
Garage
4 spaces
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement Planked
Community & Access
Directions
GPS will be accurate, but duplex is set back from the road. Unit A is straight ahead, B is on the right.
Location
City
Lynnwood
County
Snohomish
Coordinates
47.85795, -122.27785
Additional Information
Tax Year
2025
Annual Taxes
$8,776
Possession
Array
Based on information submitted to the MLS GRID as of June 16, 2026 7:00 PM. 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.
