5208 188th Street SW, Lynnwood, WA 98037
- $1,197,500
- 2,976
- SqFt
Listing courtesy of Best Choice Realty LLC.
- List Price
- $1,197,500
- Status
- ACTIVE
- MLS#
- 2526122
- Days on Market
- 68
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,976
- Area Total SqFt
- 2976
- Annual Tax Ammount
- 8386
- Lot Size (sq ft)
- 11,326
- Sewer
- Sewer Connected
Property Description
Fantastically located triplex on a corner lot in Lynnwood short distance to light rail and all conveniences. Units are 2 bedroom and one and a half bath townhome style with washer and dryer. Pride of ownership with extensive improvements that include new electrical wiring, panels and plumbing throughout. The exterior was recently painted this spring. Roof was upgraded and replaced 9 years ago. This building has historically attracted long term tenancy.
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Additional Information
- List Date
- 2026-05-20 01:13:12
- Community
- Lynnwood
- Net Operating Income
- $59,850
- Gross Adjusted Income
- $76,915
- Gross Scheduled Income
- $80,964
- Total Monthly Income
- $6,747
- Insurance Expenses
- $2,733
- Water/Sewer/Garbage Expenses
- $4,110
- Gross Rent Multiplier
- 14.8
- Total Expenses
- $17,065
- Cap Rate
- 4.99
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 5208
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1968
- Roof
- Torch Down
- Site Features
- Fenced-Partially
- Other Expenses
- 1836
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Cedar Vly Community
- Middle School
- Alderwood Mid
- High School
- Lynnwood High
- Total Monthly Income
- $6,747
- Gross Scheduled Income
- $80,964
- Vacancy Rate
- 5
- Gross Adjusted Income
- $76,915
- Tax Year
- 2026
- Insurance Expense
- $2,733
- W/S/G Expenses
- $4,110
- Total Expenses
- $17,065
- Net Operating Income
- $59,850
- Gross Rent Multiplier
- 14.8
- Cap Rate
- 4.99
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.