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Listed by: Tom Cowan (206) 707-2585 | Windermere Real Estate Co. (206) 526-5544
$969,000
Monthly Est:$4,823
7 Beds
- 4 Baths
3,248sqft
15328 40th Avenue W, Lynnwood, WA 98087
$969,000
$4,823/moEst:
Get Pre-Approved
Multi Family
Built in 1966
$-- HOA
9,583 sqft lot
$298/sq.ft
Description
Brand-new roof installed in August 2026! 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 potential. 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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 25, 2026 at 1:13 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2575395

Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1966
HOA Fees
-
Finished Area
3,248 sqft
Lot Size
9,583 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2575395
MLS Status
Active
Days on Market
24
Cumulative Days on Market
211

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Interior
Flooring
Vinyl, Vinyl Plank, Carpet
Exterior Features
Metal/vinyl
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1966
Home type
Multi Family
Roof
Built Up, Flat, Torch Down
Foundation Details
Slab
Construction Materials
Metal/vinyl
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Dead End Street, Paved
Subdivision Name
Lynnwood
Price History
| Date | Event | Price |
|---|---|---|
09/08/2026 Source: | Listed for Sale | $969,000 $298/sqft |
09/01/2026 Source: | Listing Removed | $969,000 $298/sqft |
08/09/2026 Source: | Pending | $969,000 +12.28% $298/sqft |
12/25/2020 Source: | Price Increased | $863,000 +165.54% $266/sqft |
07/13/2004 Source: | Sold | $325,000 $100/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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