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Listing Firm: Coldwell Banker Bain: Nicole Gaba

Bought With: Lake & Company : Robert A. Macdonald

SOLD On September 19, 2022
NWMLS # 1983135

$930,000

  • Sold Price
  • - Beds
  • - Baths
  • 2912 Sq.ft.

2504 204th Street SW, Lynnwood, WA 98036-6963

Listings with the three tree icon are courtesy of NWMLS

About This Property

Fantastic 4plex in prime Lynnwood location! Easy access to future Lynnwood Light Rail and Transit Center (2024), Alderwood Mall, I-5 and Highway 99 - high demand rental area with excellent equity potential from Light Rail development. Spacious layouts, professionally managed, coin-operated laundry income, and no vacancies. Perfect value-add play with below market rents- just needs a few more cosmetic updates to achieve pro-forma cap rate of 6.2%. Don't miss this rare opportunity to future-proof your portfolio with this Lynnwood investment!

Buyer's Agent: Robert A. Macdonald • Lake & Company

Listed by: Nicole Gaba • Coldwell Banker Bain

Aris360 Last Checked: Just Now (Aug 03, 2025 09:03 AM)

  • Source: NWMLS as Distributed by MLS Grid #1983135

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 204th
  • Zip/Postal Code: 98036
  • City: Lynnwood

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Property Features

  • County
    • Alderwood
  • Community
    • 730 - Southwest Snohomish
  • MLS Area
    • 730 - Southwest Snohomish
  • Longitude
    • -122.266972
  • Latitude
    • 47.813272
  • Directions
    • n/a

  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 6
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • See Remarks
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 13068
  • Utilities
    • Sewer Connected,
    • Electric,

  • High School District
    • Edmonds

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Condominium,
  • Tax Amount
    • $7047
  • Year Built
    • 1969
  • Effective Year Built
    • 1969
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Aug 03 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.

Aug 03, 2025 09:03 AM