Lynnwood, WA 98087 15215 Larch Way
$1,150,000
2 more
Presented By: MacPherson’s Real Estate Serv. and NWMLS
- MLS# 2427787
- 09/01/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,520
Home Details
Martha Lake Giant Duplex on an over 15,000 SF Lot available for the first time in years. This opportunity to have an income producing rental in one of the hottest development areas in all of Snohomish County is too good to pass up. Currently, it is a side by side, 2 story duplex with large bedrooms, individual garages, natural gas furnaces, fireplaces. The back yard has room to add another building- potential a second duplex according to the county. An Ingress/Easement is being recorded from the property to the south creating space for a driveway and utilities. Make rental income now off existing building while expanding your portfolio on your own controlled land – an absolute WIN WIN!
Presented By: MacPherson’s Real Estate Serv. and NWMLS
Interior Features for 15215 Larch Way
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeNatural Gas
Total Fireplaces
Total Stories2
General for 15215 Larch Way
Assoc/CICMulti-Family
Building Area UnitsSquare Feet
Cap Rate3.6
Carport Spaces
Carport Y/NNo
CityLynnwood
CoolingNone
CountySnohomish
DirectionsFrom 164th, head north on Larch way. Stay on larch at the T in the road to home on the right. Just north of the lake.
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High SchoolBuyer To Verify
High School DistrictEdmonds
Insurance Expense1400
Leasable Area2580
Listing TermsCash Out, Conventional, FHA
Lot Size Square Feet15246
Lot Size UnitsSquare Feet
MLS Area730 – Southwest Snohomish
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-04T21:13:13.097Z
NWM_ShowMapLinkY
Net Operating Income39983
New ConstructionNo
Number Of Units Total2
Open Parking Spaces2
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property ConditionFair
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksMartha Lake Giant Duplex on an over 15, 000 SF Lot available for the first time in years. This opportunity to have an income producing rental in one of the hottest development areas in all of Snohomi
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameMartha Lake
Tax Annual Amount7317
Tax Year2024
Units Below Gradefalse
Units In Building Total2
Water CompanyAlderwood
Water Sewer Garbage0
Year Built1983
Zoning DescriptionMulti-Family
Exterior for 15215 Larch Way
Building Area Total2520
Covered Spaces2
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesValue In Land
Lot Size Acres0.35
Parking Uncovered Spaces2
Total Parking4
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Middle School
Buyer To Verify Middle School
Elementary School
Buyer To Verify Elementary School
Josh QA1
REALTOR ® SRES ®