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Street View
Listed by: Ricardo Mendes (425) 533-5849 | Windermere Real Estate/Summit (206) 410-6610
$1,050,000
Monthly Est:$5,226
6 Beds
4 Baths
3,008sqft
16206 2nd Place W, Lynnwood, WA 98087
$1,050,000
$5,226/moEst:
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Duplex
Built in 1990
$-- HOA
19,602 sqft lot
$349/sq.ft
Description
Investor alert: A durable, cash-flowing duplex in one of Snohomish County’s most rentable pockets — projected at approximately $69,780 in gross annual rent and a 5.23% cap rate, with upside as rents reset to market.Two ways to win: an established investor acquires a fully leased two-home asset with stable, diversified cash flow from day one. For someone stepping into multifamily for the first time, there is the possibility to live in one unit while the second covers much of your mortgage as a unit becomes available. This is a lower-risk entry into income property for a diverse set of investor profiles.The layout and location are a real assets, too: these are two full 3-bedroom, 2-bath homes — the size and layout people search for and stay in — with quick access to the region’s largest employers via the new light rail to Seattle and the Bellevue/Eastside corridor, keeping a broad, credit-worthy tenant pool competing for quality 3-bedroom rentals. Each home is built to lease fast and stay leased: attached two-car garage, in-unit full-size washer and dryer and a comfortable single-family-style layout.
- Houzeo last checked: 12 hours ago
- Listing updated: September 30, 2026 at 11:28 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2583629
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1990
HOA Fees
-
Finished Area
3,008 sqft
Lot Size
19,602 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2583629
MLS Status
Active
Days on Market
16
Cumulative Days on Market
15
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Flooring
Vinyl, Carpet
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Forced Air
Cooling
None
Construction
Year Built
Year Built: 1990
Home type
Duplex
Roof
Composition
Property Condition
Good
Foundation Details
Poured Concrete
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Dead End Street, Paved
Subdivision Name
Lynnwood
Price History
| Date | Event | Price |
|---|---|---|
09/17/2026 Source: | Listed for Sale | $1,050,000 +77.66% $349/sqft |
05/01/2017 Source: | Sold | $591,000 $196/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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