Listed by Ballpark Realty
$849,999
$75K PRICE DROP

15330 40th Ave W Unit A & B Lynnwood, WA 98087

North Lynnwood Neighborhood

Estimated payment $5,049/month

Total Views 4,577
5 Beds
2 Baths
1,368 Sq Ft
$621 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Territorial View
  • Patio
  • Deck
  • No HOA
  • Open Space

About This Home

Excellent investment opportunity! This beautifully updated duplex offers flexibility and income potential. Live in one unit and rent out the other to offset your mortgage. Unit A features 3 bedrooms, each with a walk-in closet, plus new floors, fresh paint, tile backsplash, a wood-burning fireplace, and a newly sealed deck. A new roof was installed in 2023. Unit B includes 2 bedrooms, new flooring and carpet, sleek quartz countertops, and abundant natural light. Both units are move-in ready and designed for comfort and functionality. Whether you're house-hacking or building your rental portfolio, this is a smart, versatile investment you won't want to miss! This home appraised at 925K in 2023 prior to updates so its priced to sell!

Listing Agent

Tyler Ware

Ballpark Realty License #21010375 Listed on: 06/05/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2390152

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,255

Year Built

  • Built in 1955

Lot Details

  • 7,405 Sq Ft Lot
  • Open Space
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,368 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lynnwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00372901102101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,255

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1955
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 1368
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 356

Interior Features

  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Snohomish County PUD
  • SewerCompany: Alderwood Water District
  • WaterCompany: Alderwood Water District
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 250

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00372901102101
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 4750
  • LeasedItems: None
  • TotalMonthlyIncome: 4750

Multi Family

  • Gross Scheduled Income: 4750
  • Net Operating Income: 4750
  • Number Of Units Total: 2
  • Electric Expense: 300
  • Insurance Expense: 200
  • Leasable Area: 2008
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4255

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,256 $858,500 $397,700 $460,800
2024 $4,256 $487,200 $333,100 $154,100
2023 $3,905 $463,900 $323,100 $140,800
2022 $4,871 $482,000 $301,100 $180,900
2020 $4,696 $412,000 $192,200 $219,800
2019 $3,954 $342,000 $167,100 $174,900
2018 $3,838 $292,000 $151,900 $140,100
2017 $3,587 $282,000 $138,100 $143,900
2016 $3,205 $251,000 $131,500 $119,500
2015 $3,235 $241,000 $125,000 $116,000
2013 $3,124 $221,000 $125,000 $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $849,999 -2.3% $372 / Sq Ft
07/18/2025 07/18/25 Price Changed $869,999 -0.6% $380 / Sq Ft
07/09/2025 07/09/25 Price Changed $874,999 0.0% $382 / Sq Ft
06/30/2025 06/30/25 Price Changed $875,000 -2.8% $382 / Sq Ft
06/20/2025 06/20/25 Price Changed $900,000 -2.7% $393 / Sq Ft
06/05/2025 06/05/25 For Sale $925,000 0.0% $404 / Sq Ft
08/28/2023 08/28/23 Sold $925,000 0.0% $404 / Sq Ft
08/28/2023 08/28/23 For Sale $925,000 -- $404 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $925,000 Old Republic Title
Warranty Deed $135,000 Transamerica Title Ins Compa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $786,250 New Conventional
Previous Owner $79,640 New Conventional
Previous Owner $90,616 Fannie Mae Freddie Mac
Previous Owner $108,000 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2390152

Northwest Multiple Listing Service (NWMLS)

APN: 003729-011-021-01