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JRJeff ReynoldsCompass · Seattle

2802 148th Street SW, Lynnwood, WA 98087

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Active

Listed by Anisa Ozegovic, Kelly Right RE of Seattle LLC

Active0 days on market

$1,900,000

2802 148th Street SW, Lynnwood, WA 98087

Lynnwood, WA, 98087

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Jeff Reynolds · Managing Broker, Compass

Start with a focused 15-minute call, then tour with a clear due-diligence plan.

Land
Type
47,916 sq ft
Lot
0
Days on market

About this property

17-unit townhome development opportunity in a prime Lynnwood location. Significant planning, design and development work has already been completed, allowing a buyer to step into the project and move directly toward construction. Project consists of two 6-unit buildings and one 5-unit building with modern 3-story, 3- & 4-bedroom townhomes ranging from approx. 1,307–1,652 SF with attached garages and private outdoor spaces. Building plans are complete and ready to be submitted for final review and are included with the sale, along with available architectural, civil, site and supporting project documents. Excellent location with convenient access to I-5, light rail, shopping, dining, schools and major commuter routes. An exceptional opportunity for a builder or developer to acquire a substantially completed development package and avoid much of the time and expense associated with taking a project from raw land through design and planning. Buyer to verify all information and approval status.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2567527
Listed
August 13, 2026
Days on market
0

Construction

Style
42 - Multi-Family
Structure
None

Lot

Lot size
47,916 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity ConnectedNatural Gas Available
Water
Available
Sewer
AvailableIn Street

Schools

District
Edmonds

Listing history

  1. Listed

    $1,900,000

    August 13, 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

$11,064

Principal & interest
$9,607
Property tax (est.)
$1,457

Assumes $380,000 down (20%), a $1,520,000 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.

Similar nearby listings

Based on information submitted to the MLS GRID as of August 13, 2026 at 6:30 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.