15328 40th Avenue W, Lynnwood, WA 98087
Listed by Tom Cowan, Windermere Real Estate Co.
$969,000
$298 per sq ft
15328 40th Avenue W, Lynnwood, WA 98087
Lynnwood, WA, 98087
- Sq ft
- 3,248
- Built
- 1966
- Parking
- 8 spaces
Tour this home
Jeff Reynolds · Managing Broker, Compass
Start with a focused 15-minute call, then tour with a clear due-diligence plan.
- 3,248
- Square feet
- $298
- Per sq ft
- Multi Family
- Type
- 1966
- Year built
- 9,583 sq ft
- Lot
- 158
- Days on market
About this property
New Price! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Common laundry provides additional income. A flexible asset with the ability to immediately owner-occupy, or use as a long-term hold with good cashflow + additional upside potential through operational improvements.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2563529
- Listed
- August 2, 2026
- Days on market
- 158 (includes a prior listing period)
- Price per sq ft
- $298
Unit & building
- Stories in building
- 2
- Units in building
- 4
Parking
- Total spaces
- 8
Views
- View
- Territorial
Construction
- Year built
- 1966
- Style
- 54 - 4-Plex
- Structure
- Quadruplex
- Roof
- FlatTorch Down
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- VinylVinyl PlankCarpet
Lot
- Lot features
- Dead End StreetPaved
- Lot size
- 9,583 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Public
- Sewer
- Sewer Connected
Schools
- District
- Edmonds
Listing history
Listed
$969,000
August 2, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$5,643
- Principal & interest
- $4,900
- Property tax (est.)
- $743
Assumes $193,800 down (20%), a $775,200 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 2, 2026 at 3:30 PM PDT. 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.