Lynnwood, WA 98087 15320 40th Avenue W
$1,299,900
14 more
Presented By: Best Choice Realty LLC and NWMLS
- MLS# 2436507
- 09/23/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,812
Home Details
Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building with all 4 units updated, new roof installed this summer and back deck freshly painted. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.
Presented By: Best Choice Realty LLC and NWMLS
Interior Features for 15320 40th Avenue W
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 15320 40th Avenue W
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Building NameAlderwood Manor 04
Cap Rate5.4
Carport Spaces
Carport Y/NNo
CityLynnwood
CoolingNone
CountySnohomish
DirectionsNorth on 99 to the House of Clocks. Just N of intersection turn Left on 40th W.
Electric Expense1800
Elementary SchoolBeverly Elem
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolMeadowdale High
High School DistrictEdmonds
Insurance Expense2259
Leasable Area3812
Listing TermsCash Out, Conventional
Lot Size Square Feet13504
Lot Size UnitsSquare Feet
MLS Area730 – Southwest Snohomish
Middle/Junior High SchoolMeadowdale Mid
ModificationTimestamp2025-09-25T04:23:11.258Z
NWM_ShowMapLinkY
Net Operating Income70244
New ConstructionNo
Number Of Units Total4
Open Parking Spaces8
PossessionClosing
Possible UseMulti-Family
Property Style54 – 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksInvestor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1, 000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, k
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameAlderwood
Tax Annual Amount8857
Tax Year2024
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water CompanyAlderwood
Water Sewer Garbage5520
Year Built1980
Zoning DescriptionMulti-Family
Exterior for 15320 40th Avenue W
Building Area Total3812
Covered Spaces
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesDead End Street, Paved
Lot Number21, 3
Lot Size Acres0.31
Parking Uncovered Spaces8
Site FeaturesDeck, High Speed Internet
Total Parking8
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Meadowdale Mid
High School
Meadowdale High
Elementary School
Beverly Elem
Josh QA1
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