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Martha Lake Multifamily Home for Sale

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    $1,150,000

    • 4 Beds
    • 4 Baths
    • 2,520 Sq Ft

    15215 Larch Way, Lynnwood, WA 98087

    Martha Lake Giant Duplex on an over 15,000 SF Lot available for the first time in years. This opportunity to have an income producing rental in one of the hottest development areas in all of Snohomish County is too good to pass up. Currently, it is a side by side, 2 story duplex with large bedrooms, individual garages, natural gas furnaces, fireplaces. The back yard has room to add another

    Kyle Moore MacPherson's Real Estate Serv.

    15215 Larch Way, Lynnwood, WA 98087

Why Live in Martha Lake

Martha Lake, an urban community in Snohomish County, is located just north of Seattle-Tacoma International Airport along State Highway 99. This neighborhood features a mix of townhomes, condos, and single-family houses, with architectural styles ranging from mid-century ramblers to contemporary new constructions. Homes are often nestled among evergreen-lined streets and around the scenic namesake lake, with yard sizes varying from a few thousand square feet to 1/3 acre. Most homes include garages and sidewalks. The area is zoned for the Edmonds School District, with schools like Martha Lake Elementary, Alderwood Middle School, and Lynnwood High School, which offers a STEAM program. Residents enjoy numerous attractions, including Martha Lake Park with its walking trails, fishing pier, and kids' play area, and Martha Lake Airport Park, which features paved walking paths, athletic fields, a skate park, and an off-leash dog park. Arena Sports provides indoor soccer leagues, youth sports camps, and a family fun center. For shopping and dining, the nearby Alderwood Mall and Mill Creek Town Center offer a variety of retail stores, restaurants, and entertainment options. Grocery stores like Safeway and Walmart are within 4 miles. Martha Lake's climate is mild, with wet, cool winters and summers reaching the high 70s. The neighborhood is about 19 miles from Seattle via Interstate 5 and 6 miles from Kenmore Air Harbor airport, making it convenient for city commuters. While bus stops are available, most residents rely on cars for transportation. The crime rate in Martha Lake is lower than the national average, contributing to its appeal as a residential area.

Home Trends in Martha Lake, WA

Housing Trends

Median Sale Price
$872,500
Median Single Family Sale Price
$925,000
Median Townhouse Sale Price
$697,500
Median 2 Bedroom Sale Price
$425,000
Average Price Per Sq Ft
$451
Number of Homes for Sale
77
Last 12 months Home Sales
401
Months of Supply
2.30
Median List Price
$900,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%
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