17816 44th Avenue W, Lynnwood, WA 98037
- $1,399,000
- 3,600
- SqFt
Listing courtesy of Kelly Right RE of Seattle LLC.
- List Price
- $1,399,000
- Status
- ACTIVE
- MLS#
- 2570048
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,600
- Area Total SqFt
- 3600
- Annual Tax Ammount
- 9833.57
- Lot Size (sq ft)
- 17,859
- Sewer
- Sewer Connected
Property Description
Excellent investment opportunity! Well-maintained 6-plex in a convenient close-in urban location with easy access to I-5, shopping, transit, and area amenities. Strong income-producing property with all six units currently occupied; many tenants have been in place for 6+ years, providing a stable rental history. Units have been updated including granite countertops in the kitchen, and the property features a large concrete driveway with dedicated parking stalls for residents. Potential additional lot or development opportunity at the front of the property- buyer to verify zoning, development potential and feasibility with the appropriate jurisdiction. Please do not disturb tenants. Drive-by and exterior viewing are welcome.
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Additional Information
- List Date
- 2026-08-18 03:58:12
- Community
- Lynnwood
- Net Operating Income
- $73,530
- Gross Adjusted Income
- $108,900
- Gross Scheduled Income
- $108,900
- Total Monthly Income
- $9,165
- Insurance Expenses
- $5,616
- Water/Sewer/Garbage Expenses
- $17,616
- Gross Rent Multiplier
- 13.31
- Total Expenses
- $35,369
- Cap Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 17816
- Potential Terms
- Cash, Conventional
- Year Built
- 1962
- Roof
- Torch Down
- Site Features
- RV Parking
- Electric Expenses
- 804
- Other Expenses
- 1500
- Energy Source
- Electric
- School District
- Edmonds
- Total Monthly Income
- $9,165
- Gross Scheduled Income
- $108,900
- Gross Adjusted Income
- $108,900
- Tax Year
- 2025
- Insurance Expense
- $5,616
- W/S/G Expenses
- $17,616
- Total Expenses
- $35,369
- Net Operating Income
- $73,530
- Gross Rent Multiplier
- 13.31
- Cap Rate
- 5
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.