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Listing Firm: Paragon Real Estate Advisors: Michael Urquhart

Bought With: Paragon Real Estate Advisors : Michael Urquhart

SOLD On November 14, 2024
NWMLS # 2305638

$1,600,000

  • Sold Price
  • - Beds
  • - Baths
  • 4455 Sq.ft.

4721 194th Street SW, Lynnwood, WA 98036

Listings with the three tree icon are courtesy of NWMLS

About This Property

The property was built in 1994 and has been well cared for under the same ownership for the past 23 years. The building offers high quality amenities to the tenants including in-unit washer/dryer hookups, fireplaces, private decks, full appliance packages, storage units and two parking stalls for each unit. The primary bedroom in each unit has a huge walk-in closet and an ensuite bathroom with a double vanity. The units are comprised of 5 – 891 square foot 2-bedroom/2-bathroom units. The seller lightly updated unit 301 and is currently asking $2,315 for the unit. The remaining units reside at an average rent of $1,887 providing significant upside for the next owner.

Buyer's Agent: Michael Urquhart • Paragon Real Estate Advisors

Listed by: Michael Urquhart • Paragon Real Estate Advisors

Aris360 Last Checked: 11 Minutes Ago (Jun 06, 2025 07:20 PM)

  • Source: NWMLS as Distributed by MLS Grid #2305638

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 194th
  • Zip/Postal Code: 98036
  • City: Lynnwood

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$3,847 per month
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Property Features

  • County
    • Lynnwood
  • Community
    • 730 - Southwest Snohomish
  • MLS Area
    • 730 - Southwest Snohomish
  • Longitude
    • -122.297397
  • Latitude
    • 47.82304
  • Directions
    • From Seattle, follow I-5 N to 44th Ave W in Lynnwood. Take exit 181A from I-5 N. Continue on 44th Ave W. Drive to 194th St SW/Veterans Way in Lynnwood.

  • Power Production Type
    • Electric

  • Stories
    • 3
  • Style
    • 55 - 5-9 Units
  • Parking Spaces
    • 10
  • Elevation
    • Feet
  • Exterior
    • Wood
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Building Total Area (Sq. Ft.)
    • 11761

  • High School District
    • Edmonds

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2024
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $9479
  • Year Built
    • 1994
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jun 06 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.

Jun 06, 2025 07:20 PM