15328 40th Avenue W, Lynnwood, WA 98087

Property 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!). 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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 6:19PM

Listing Office:

Windermere Real Estate Co. : 206-526-5544

Listing Agent:

Tom Cowan : 206-526-5544

MLS ID:

2476109

Interior

• Flooring: VinylVinyl PlankCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Metal/Vinyl
• Parking: Parking spaces: 8

Construction

• Roofing: FlatTorch Down
• General: 54 - 4-PlexSlab

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Edmonds
• County: Snohomish

Lot

• Zoning: 00372901102104
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls