15328 40th Avenue W Lynnwood, WA 98087
Listing Courtesy of: MLS LogoNorthwest MLS / Windermere Real Estate Co. / Tom Cowan

  15328 40th Avenue W Lynnwood, WA 98087

Active
$1,065,000 (USD)

Description

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!). Coin-op 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.

MLS #:
2476109
Taxes
$7,822(2025)
Lot Size
9,583 SQFT
Type
Multifamily
Year Built
1966
Style
4-Plex
Views
Territorial
School District
Edmonds
County
Snohomish County
Community
Lynnwood

Listed By

Tom Cowan, Windermere Real Estate Co.
Source
Northwest MLS as distributed by MLS Grid
Last checked Feb 25 2026 at 4:35 AM GMT+0000
Bathroom Details
Subdivision
  • Lynnwood
Lot Information
  • Dead End Street
  • Paved
Property Features
  • Deck
  • Cable Tv
  • Fireplace: 0
  • Foundation: Slab
Heating and Cooling
  • Baseboard
Flooring
  • Vinyl
  • Carpet
  • Vinyl Plank
Exterior Features
  • Metal/Vinyl
  • Roof: Flat
  • Roof: Torch Down
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 2/24/26 20:35. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.