14213 Admiralty Way, Lynnwood, WA 98087
- $975,000
- 1,980
- SqFt
Listing courtesy of Sound Asset Partners LLC.
- List Price
- $975,000
- Status
- ACTIVE
- MLS#
- 2581341
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 1,980
- Area Total SqFt
- 1980
- Annual Tax Ammount
- 6886
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 21,344
- Sewer
- Available, Septic Tank
Property Description
Rare opportunity to own a Turnkey, beautifully remodeled side-by-side townhouse style duplex style on a spacious .49-acre R-7,200 zoned lot in a convenient Lynnwood location. Both units offer updated interiors with modern kitchens, white cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, flooring and lighting. Spacious living areas, fireplaces and thoughtful updates create a turnkey opportunity for an investor or owner-occupant looking to live in one unit while generating income from the other. Bright, open living spaces are complemented by large windows, recessed lighting and contemporary finishes throughout. Updated kitchens feature generous counter space and functional layouts ideal for everyday living and entertaining. Separate living spaces provide privacy between units, making the property well suited for multigenerational living, rental income or an owner-occupied investment. Enjoy the flexibility of a substantial lot with room for outdoor living, gardening and additional possibilities. Each unit is fully fenced in. Pending updated photos. Large, private R-7,200 lot offers intriguing future development potential. Add ADUs? Add more units? Subdivided? Convenient access to shopping, dining, transit and major commuter routes. A unique combination of move-in-ready condition, rental income potential and long-term land value. Buyer to verify development possibilities with Snohomish County.
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Additional Information
- List Date
- 2026-09-12 23:28:11
- Community
- Lake Stickney
- Net Operating Income
- $56,044
- Gross Adjusted Income
- $65,640
- Gross Scheduled Income
- $65,640
- Total Monthly Income
- $5,470
- Insurance Expenses
- $1,435
- Water/Sewer/Garbage Expenses
- $525
- Gross Rent Multiplier
- 14.85
- Total Expenses
- $9,596
- Cap Rate
- 5.7
- Total Number of Units
- 2
- Unit Name
- 14213
- Potential Terms
- Cash, Conventional
- Year Built
- 1980
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, High Speed Internet, RV Parking
- Other Expenses
- 750
- Energy Source
- Electric
- School District
- Mukilteo
- Elementary School
- Lake Stickney Elem
- Middle School
- Voyager Mid
- High School
- Mariner High
- Total Monthly Income
- $5,470
- Gross Scheduled Income
- $65,640
- Gross Adjusted Income
- $65,640
- Tax Year
- 2026
- Insurance Expense
- $1,435
- W/S/G Expenses
- $525
- Total Expenses
- $9,596
- Net Operating Income
- $56,044
- Gross Rent Multiplier
- 14.85
- Cap Rate
- 5.7
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.