Property Details
5717 186th Place SW
Lynnwood, WA 98037
$2,500,000
Active
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Property Overview
Well maintained 1.49 acre mobile home park in a great location in central Lynnwood and close to shopping, schools, emergency services, and recreation. Minutes to Seattle, Everett, Boeing, and the Eastside. (16) MH spaces plus an additional RV hook-up and a newly renovated 3-bedroom house. Updated water supply system, site is connected to city water and sewer. (2) of the units are park-owned, all the others are tenant-owned. Opportunities for additional income: filling (1) existing vacant home space, (1) RV hook-up space, individual metering of the utilities, and renting the house. Buyer to confirm market rent outlook. Proforma 6.3 Cap Rate.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Snohomish
Neighborhood
Lynnwood
Listed
Sep 28, 2022
Original Price
$3,125,000
Structure Type
Manufactured House
Parcel Number
0050360000060
Tax & HOA
Annual Property Tax
$12,588 (2022)
Est. Monthly Tax
$1,049/mo
Financial Summary
Cap Rate
3.72%
Net Operating Income
$93,246
Gross Scheduled Income
$140,460
Gross Rent Multiplier
18.00
Total Expenses
$46,814
Building & Use
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
1955
Exterior & Lot
Lot Size
1.49 sqft
Year Built
1955
Sewer
Sewer Connected
Water Source
Public
Community & Access
Directions
From Highway 99, west on 186th Pl SW, property on the right.
Location
City
Lynnwood
County
Snohomish
Coordinates
47.83196, -122.31087
Additional Information
Tax Year
2022
Annual Taxes
$12,588
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 10:37 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.
