15215 Larch Way, Lynnwood, WA 98087
- $965,000
- 2,520
- SqFt
Listing courtesy of MacPherson's Real Estate Serv.. Selling Office: Brierwood Realty.
- Sold Price
- $965,000
- List Price
- $999,950
- Status
- SOLD
- MLS#
- 2467752
- Closing Date
- Jun 01, 2026
- Days on Market
- 112
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 2,520
- Area Total SqFt
- 2520
- Annual Tax Ammount
- 7317
- Internet Provider
- Xfinty
- Lot Size (sq ft)
- 15,246
- Sewer
- Sewer Connected
Property Description
Fully rented Duplex on oversized lot just half a block from the north end of Martha Lake, the location and upside potential make this a truly unique chance to get a tremendous investment property while also having a ready-made building site. Newley recorded ingress/egress easement across the southern neighbor, opens up the ability to get to the back yard and continue to add up to 2 more units. The lot is on power, sewer, no wetlands and has a HUGE back yard where you can turn this duplex into a quad plex - all for market value. Natural Gas furnaces, garages, under market rents with long term tenants. This one has it all - ready to expand while the tenants pay towards your mortgage.
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Additional Information
- List Date
- 2026-02-09 00:00:00
- Community
- Martha Lake
- Net Operating Income
- $39,983
- Gross Adjusted Income
- $48,000
- Gross Scheduled Income
- $48,000
- Total Monthly Income
- $4,000
- Insurance Expenses
- $1,400
- Gross Rent Multiplier
- 28.76
- Total Expenses
- $8,717
- Cap Rate
- 3.6
- Total Number of Units
- 2
- Unit Name
- 15215
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1983
- Roof
- Composition
- Energy Source
- Natural Gas
- School District
- Edmonds
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,000
- Gross Scheduled Income
- $48,000
- Gross Adjusted Income
- $48,000
- Tax Year
- 2024
- Insurance Expense
- $1,400
- Total Expenses
- $8,717
- Net Operating Income
- $39,983
- Gross Rent Multiplier
- 28.76
- Cap Rate
- 3.6
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.