15912 36th Avenue W, Lynnwood, WA 98087

$1,200,000
3,385
SqFt

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Listing courtesy of Skyline Properties, Inc.. Selling Office: RE/MAX Northwest.

Sold Price
$1,200,000
List Price
$1,249,000
Status
SOLD
MLS#
2392140
Closing Date
Aug 25, 2025
Days on Market
44
Style
52 - Duplex
Building Condition
Good
Finished SqFt
3,385
Area Total SqFt
3385
Annual Tax Ammount
7750
Lot Size (sq ft)
6,098
Sewer
Sewer Connected

Property Description

Don’t miss this rare opportunity to own a well-maintained duplex in a serene, private neighborhood. Tucked at the end of the complex and backing to a lush greenbelt, this property offers peace, privacy, and beautiful natural surroundings. Each spacious unit features approximately 1,692 sq ft of thoughtfully designed living space, including 3 bedrooms and 2.5 baths. The open-concept kitchen flows into a cozy living room anchored by a charming stone-accent gas fireplace—perfect for entertaining or relaxing evenings at home. The primary suite boasts a luxurious 5-piece bath and a generous walk-in closet. With a strong rental history, low maintenance needs, and excellent long-term potential. Unit A lease exp 6/30/26/ Unit B lease exp 04/20/27.

Additional Information

List Date
2025-07-12 00:00:00
Community
Lynnwood
Net Operating Income
$51,445
Gross Adjusted Income
$68,400
Gross Scheduled Income
$68,400
Total Monthly Income
$5,700
Insurance Expenses
$2,000
Gross Rent Multiplier
18.3
Total Expenses
$16,955
Cap Rate
4.12
Total Number of Units
2
Unit Name
15912
Potential Terms
Cash Out, Conventional
Year Built
2007
View
Territorial
Roof
Composition
Site Features
Fenced-Partially, High Speed Internet, Patio
Other Expenses
7205
Energy Source
Natural Gas
School District
Edmonds
Elementary School
Spruce Primary Sp
Middle School
Meadowdale Mid
High School
Meadowdale High
Total Monthly Income
$5,700
Gross Scheduled Income
$68,400
Gross Adjusted Income
$68,400
Tax Year
2025
Insurance Expense
$2,000
Total Expenses
$16,955
Net Operating Income
$51,445
Gross Rent Multiplier
18.3
Cap Rate
4.12
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.
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