14926 40th Avenue W Unit #2, Lynnwood, WA 98087
- $1,075,000
- 3,256
- SqFt
Listing courtesy of Lions Realty Group.
- List Price
- $1,075,000
- Status
- ACTIVE
- MLS#
- 2500006
- Price Change
- ▼ $24,000 1780028521
- Days on Market
- 115
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 3,256
- Area Total SqFt
- 3256
- Annual Tax Ammount
- 5800
- Lot Size (sq ft)
- 5,917
- Sewer
- Sewer Connected
Property Description
Exceptional duplex investment opportunity in the heart of Lynnwood offering two expansive remodeled residences—each featuring 3 bedrooms, 2.5 baths and 1,628 SF of thoughtfully designed living. Each unit lives like a standalone home with spacious open-concept layouts, generous living and dining areas, well-appointed kitchens with abundant cabinetry and seamless indoor-outdoor flow. Upstairs level boasts private bedroom retreats including a spacious primary suite with ensuite bath and additional bedrooms offering flexibility for guests, home office or extended living. Both have 2 car garages and 2 driveway parking spaces. Ideal for owner-occupants or investors seeking strong rental potential, this property delivers modern layouts, generous living areas and functional floor plans. Just minutes to Alderwood Mall, a premier shopping, dining, and entertainment destination, and conveniently located near the Lynnwood Transit Center with expanding light rail access, enhancing long-term appreciation and tenant demand. Easy access to I-5 and I-405 with quick connectivity to major employment hubs including Boeing—as well as Seattle, Bellevue, and the Eastside tech corridor. Lynnwood continues to attract growth with a strong employment base and Edmonds College nearby, supporting consistent rental demand. A rare opportunity to secure a high-performing asset in a rapidly growing corridor—live in one unit and rent the other or maximize cash flow in a location poised for continued expansion!
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Additional Information
- List Date
- 2026-04-02 23:13:15
- Community
- Lynnwood
- Net Operating Income
- $62,197
- Gross Adjusted Income
- $62,197
- Gross Scheduled Income
- $70,200
- Total Monthly Income
- $5,850
- Insurance Expenses
- $2,203
- Gross Rent Multiplier
- 15.6
- Total Expenses
- $8,003
- Cap Rate
- 5.65
- Total Number of Units
- 2
- Unit Name
- 14926
- Potential Terms
- Cash, Conventional
- Year Built
- 1999
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Edmonds
- Total Monthly Income
- $5,850
- Gross Scheduled Income
- $70,200
- Gross Adjusted Income
- $62,197
- Tax Year
- 2026
- Insurance Expense
- $2,203
- Total Expenses
- $8,003
- Net Operating Income
- $62,197
- Gross Rent Multiplier
- 15.6
- Cap Rate
- 5.65
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.