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Listing Firm: Sterling Johnston Real Estate: Tyler Tachell

Bought With: Kelly Right RE of Seattle LLC : Baron Sum-Sing Quan

SOLD On June 17, 2022
NWMLS # 1955668

$1,151,000

  • Sold Price
  • - Beds
  • - Baths
  • 3136 Sq.ft.

15326 40th Avenue W, Lynnwood, WA 98087-6108

Listings with the three tree icon are courtesy of NWMLS

About This Property

Great investment opportunity to own a 4 unit apartment with a high cap rate and return. All units have been recently renovated and are in turn key condition. The exterior building and roof are in good condition. All units are now leased. Last tenant move in June 1st with raised market rents. The other two units are well below market rents. Coin-op laundry on the east side of the building provides extra income. Close to major bus lines and freeways along with restaurants and shopping. Units are all identical layout with fireplaces and deck/patios. 2 parking spaces per unit. Very low maintenance and vacancy turnover.

Buyer's Agent: Baron Sum-Sing Quan • Kelly Right RE of Seattle LLC

Listed by: Tyler Tachell • Sterling Johnston Real Estate

Aris360 Last Checked: 1 Minute Ago (Jul 18, 2025 03:34 AM)

  • Source: NWMLS as Distributed by MLS Grid #1955668

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 40th
  • Zip/Postal Code: 98087
  • City: Lynnwood

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$3,847 per month
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Property Features

  • County
    • Keeler's Corner
  • Community
    • 730 - Southwest Snohomish
  • MLS Area
    • 730 - Southwest Snohomish
  • Longitude
    • -122.288024
  • Latitude
    • 47.859475
  • Project
    • Alderwood manor 04

  • Interior
    • Wall to Wall Carpet
  • Floors
    • Vinyl
    • Vinyl Plank
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 6
  • Lot Description
    • Dead End Street,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Metal/Vinyl
  • Site Description
    • Cable TV,Deck,High Speed Internet,Patio
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • Alderwood water
  • Building Total Area (Sq. Ft.)
    • 6098
  • Has View
    • Yes
  • Utilities
    • Cable Connected,
    • High Speed Internet,
    • Sewer Connected,
    • Electric,
  • Energy Features
    • Thermal Windows,
  • View Description
    • Territorial,

  • High School District
    • Edmonds
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Condominium,
  • Tax Amount
    • $7679
  • Year Built
    • 1966
  • Effective Year Built
    • 1966
  • Status
    • Sold
  • Project
    • Alderwood manor 04

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jul 18 2025 . 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.

Jul 18, 2025 03:34 AM