New Price! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Common laundry provides additional income. A flexible asset with the ability to immediately owner-occupy, or use as a long-term hold with good cashflow + additional upside potential through operational improvements.
Active
Listed by: Windermere Real Estate Co. • Thomas Cowan
$969,000
15328 40th Avenue W, Lynnwood, WA 98087
7beds
4baths
3,248sqft
:
Get pre-qualified$5,974/mo
Quadruplex, Multi Family
Built in 1966
-- sqft lot
$946,500 Zestimate®
$298/sqft
$-- HOA
What's special
Newer flooringMany updated appliancesNewer interior paint
- 10 days |
- 291 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Thomas Cowan,
Windermere Real Estate Co.
Source: NWMLS as distributed by MLS GRID,MLS#: 2563529
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,248
- Total interior livable area: 3,248 sqft
Property
Parking
- Total spaces: 8
- Uncovered spaces: 8
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,583 Square Feet
- Features: Dead End Street, Paved, Cable TV, Deck
Details
- Parcel number: 00372901102104
- Zoning description: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Metal/Vinyl
- Foundation: Slab
- Roof: Flat,Torch Down
Condition
- Year built: 1966
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Lynnwood
Location
- Region: Lynnwood
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $898,400
- Annual tax amount: $7,822
- Date on market: 2/25/2026
- Cumulative days on market: 169 days
- Listing terms: Conventional
Estimated market value
$946,500
$899,000 - $994,000
$2,732/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $969,000$298/sqft |
Source:  NWMLS as distributed by MLS GRID #2563529 Report a problem | ||
| 8/9/2026 | Pending sale | $969,000$298/sqft |
Source: NWMLS as distributed by MLS GRID #2563529 Report a problem | ||
| 8/2/2026 | Listed for sale | $969,000+12.3%$298/sqft |
Source: NWMLS as distributed by MLS GRID #2563529 Report a problem | ||
| 12/24/2020 | Sold | $863,000-4.1%$266/sqft |
Source: NWMLS as distributed by MLS GRID #1680763 Report a problem | ||
| 11/10/2020 | Pending sale | $899,950$277/sqft |
Source: Signature Properties #1680763 Report a problem | ||
| 10/22/2020 | Listed for sale | $899,950+176.9%$277/sqft |
Source: Signature Properties #1680763 Report a problem | ||
| 6/3/2004 | Sold | $325,000$100/sqft |
Source: NWMLS as distributed by MLS GRID #24036309 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,822 +8.4% | $898,400 +9.4% |
| 2023 | $7,216 +11.6% | $821,400 +7.8% |
| 2022 | $6,468 -18.6% | $761,900 -2.3% |
| 2021 | $7,944 +8.6% | $780,000 +9.2% |
| 2020 | $7,317 -2.5% | $714,000 +9.8% |
| 2019 | $7,507 | $650,000 +8.3% |
| 2018 | -- | $600,000 +53.8% |
| 2017 | $5,901 +43.6% | $390,000 +20.4% |
| 2016 | $4,110 | $324,000 +11% |
| 2015 | $4,110 +6.1% | $292,000 +12.3% |
| 2013 | $3,876 | $260,000 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,868 -0.6% | $201,000 |
| 2000 | $2,886 | $201,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North Lynnwood
Nearby schools
GreatSchools rating
- 4/10Beverly Elementary SchoolGrades: K-6Distance: 1.2 mi
- 9/10Meadowdale Middle SchoolGrades: 7-8Distance: 1.9 mi
- 8/10Meadowdale High SchoolGrades: 9-12Distance: 1.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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