5705 204th Street SW, Lynnwood, WA 98036
- $995,000
- 3,600
- SqFt
Listing courtesy of Windermere RE North, Inc.. Selling Office: COMPASS.
- Sold Price
- $995,000
- List Price
- $995,000
- Status
- SOLD
- MLS#
- 2406705
- Closing Date
- Aug 19, 2025
- Days on Market
- 5
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,600
- Area Total SqFt
- 3600
- Annual Tax Ammount
- 6415
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
Fantastic Investment Opportunity in Prime Lynnwood Location! This well-maintained triplex offers (3) spacious 2-bedroom, 1.5-bath townhome style units- perfect for owner-occupants or investors. Roof is 3 years old. 1 unit has been remodeled w/brand new kitchen cabinets, counters, appliances, new flooring & New bathroom cabinets + fixtures. Each unit features: Two large upstairs bedrooms, Full bath on the upper level, convenient half bath on the main + spacious kitchen/dining room & living room. Private, partially fenced yards. 2 dedicated parking spaces per unit. Located minutes from the new Lynnwood Light Rail station, major shopping centers, I-5, & top-rated schools, this is a chance to own a quality property in a rapidly growing area.
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Additional Information
- List Date
- 2025-08-14 00:00:00
- Community
- Lynnwood
- Net Operating Income
- $43,590
- Gross Adjusted Income
- $59,968
- Gross Scheduled Income
- $59,968
- Total Monthly Income
- $5,550
- Insurance Expenses
- $1,589
- Water/Sewer/Garbage Expenses
- $5,373
- Gross Rent Multiplier
- 16.59
- Total Expenses
- $16,377
- Cap Rate
- 4.4
- Total Number of Units
- 3
- Unit Name
- 5705
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1972
- Roof
- Flat
- Site Features
- Fenced-Partially, Outbuildings, Patio
- Other Expenses
- 3000
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Cedar Vly Community
- Middle School
- Alderwood Mid
- High School
- Lynnwood High
- Total Monthly Income
- $5,550
- Gross Scheduled Income
- $59,968
- Gross Adjusted Income
- $59,968
- Tax Year
- 2025
- Insurance Expense
- $1,589
- W/S/G Expenses
- $5,373
- Total Expenses
- $16,377
- Net Operating Income
- $43,590
- Gross Rent Multiplier
- 16.59
- Cap Rate
- 4.4
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.