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.
Sold
Listed by: MacPherson's Real Estate Serv. • Kyle Moore
Bought with: Brierwood Realty
$965,000
15215 Larch Way, Lynnwood, WA 98087
4beds
4baths
2,520sqft
Duplex, Multi Family
Built in 1983
-- sqft lot
$947,000 Zestimate®
$383/sqft
$2,522 Estimated rent
Home value
$947,000
$900,000 - $994,000
$2,522/mo
Zestimate® history
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$5,886/mo
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Natural gas furnacesOversized lot
Zillow last checked:
Listing updated:
Listed by:
Kyle Moore,
MacPherson's Real Estate Serv.
Bought with:
Martin Banev, 131170
Brierwood Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2467752
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,520
- Total interior livable area: 2,520 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 2
Lot
- Size: 0.35 Acres
- Features: Value In Land
Details
- Parcel number: 0037300100604
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fair
- Year built: 1983
- Major remodel year: 1983
Utilities & green energy
- Electric: Company: PUD
- Sewer: Sewer Connected, Company: Alderwood
- Water: Public, Company: Alderwood
- Utilities for property: Xfinity, Xfinty
Community & HOA
Community
- Subdivision: Martha Lake
Location
- Region: Lynnwood
Financial & listing details
- Price per square foot: $383/sqft
- Tax assessed value: $874,100
- Annual tax amount: $7,317
- Date on market: 3/11/2026
- Cumulative days on market: 133 days
- Listing terms: Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Sold | $965,000-3.5%$383/sqft |
Source:  NWMLS as distributed by MLS GRID #2467752 Report a problem | ||
| 5/5/2026 | Pending sale | $999,950$397/sqft |
Source: NWMLS as distributed by MLS GRID #2467752 Report a problem | ||
| 5/1/2026 | Price change | $999,950-4.8%$397/sqft |
Source: NWMLS as distributed by MLS GRID #2467752 Report a problem | ||
| 3/21/2026 | Price change | $1,050,000-4.5%$417/sqft |
Source: NWMLS as distributed by MLS GRID #2467752 Report a problem | ||
| 1/13/2026 | Listed for sale | $1,100,000$437/sqft |
Source: NWMLS as distributed by MLS GRID #2467752 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,347 +2.2% | $874,100 +2.6% |
| 2023 | $7,188 -5.1% | $852,200 -9.4% |
| 2022 | $7,575 +9.3% | $941,100 +34.4% |
| 2021 | $6,933 +16.1% | $700,000 +17.5% |
| 2020 | $5,971 -1.4% | $595,500 +10.6% |
| 2019 | $6,057 | $538,200 +2.6% |
| 2018 | -- | $524,800 +29.4% |
| 2017 | $5,923 +36.3% | $405,700 +13.8% |
| 2016 | $4,347 | $356,500 +7.8% |
| 2015 | $4,347 +22.7% | $330,800 +30.6% |
| 2013 | $3,543 | $253,200 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $3,003 -0.7% | $211,700 |
| 2000 | $3,022 | $211,700 |
Find assessor info on the county website
Neighborhood: Martha Lake
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Nearby schools
GreatSchools rating
- 6/10Oak Heights Elementary SchoolGrades: K-6Distance: 3.4 mi
- 7/10Alderwood Middle SchoolGrades: 7-8Distance: 1.4 mi
- 6/10Lynnwood High SchoolGrades: 9-12Distance: 1.8 mi
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Estimated market value
$947,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$947,000
- Washington
- Snohomish County
- Lynnwood
- 98087
- Martha Lake
- 15215 Larch Way
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