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
$934,800 Zestimate®
$298/sqft
$-- HOA
What's special
Newer flooringMany updated appliancesNewer interior paint
- 6 days |
- 245 |
- 13 |
Likely to sell faster than
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: 2/24/2026
- Cumulative days on market: 166 days
- Listing terms: Conventional
Estimated market value
$934,800
$888,000 - $982,000
$2,732/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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
- $775,0005 bd2 ba1.3k sqft15330 40th Ave W #A & B, Lynnwood, WA 98087Pending
- $610,2003 bd3 ba1.8k sqft15410 40th Ave W #8-D, Lynnwood, WA 98036Off Market
- $508,4003 bd3 ba20m sqft15404 40th Ave W #4-B, Lynnwood, WA 98037Off Market
- $600,1003 bd4 ba1.8k sqft15404 40th Ave W #3B, Lynnwood, WA 98037Off Market
- $616,1003 bd3 ba2k sqft15406 40th Ave W #5-C, Lynnwood, WA 98037Off Market
- $615,6003 bd3 ba1.8k sqft15402 40th Ave W #2-A, Lynnwood, WA 98037Off Market
- $496,7003 bd3 ba20m sqft15402 40th Ave W #1-A, Lynnwood, WA 98037Off Market
- $468,2003 bd2 ba1.3k sqft15302 40th Ave W #1102, Lynnwood, WA 98037Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $899,0006 bd4 ba3.5k sqft2118 160th Place SW, Lynnwood, WA 98087Active
MLS ID #2534485, Kyle Walker. NWMLS as distributed by MLS GRID - $1,275,0006 bd4 ba3k sqft3303 156th Street SW, Lynnwood, WA 98087Active
MLS ID #2535565, Jonathan E. Selin. NWMLS as distributed by MLS GRID - $989,9005 bd3 ba3.7k sqft20707 31st Place W, Lynnwood, WA 98036Active
MLS ID #2500296, Lisa Caughell. NWMLS as distributed by MLS GRID - $699,9504 bd2 ba2.7k sqft3822 Shelby Rd, A Condominium, Lynnwood, WA 98087Active
MLS ID #2522378, Mark Kirshner. NWMLS as distributed by MLS GRID - $740,0004 bd3 ba2.8k sqft6024 Park Way, Lynnwood, WA 98036ActiveMLS ID #2562783, Eric Gouge. NWMLS as distributed by MLS GRID
- $995,0004 bd3 ba2.4k sqft21220 Shell Valley Road, Edmonds, WA 98026ActiveMLS ID #2563814, Jeremy Steiner. NWMLS as distributed by MLS GRID
- $875,0005 bd3 ba2.8k sqft3021 NE 194th Street, Lake Forest Park, WA 98155ActiveMLS ID #2563928, Amie Armstrong. NWMLS as distributed by MLS GRID
- $999,9505 bd3 ba2.1k sqft23116 80th Place W, Edmonds, WA 98026ActiveMLS ID #2558470, Ryan Mansour. NWMLS as distributed by MLS GRID
- $995,0004 bd3 ba2.8k sqft3203 NE 195th St, Lake Forest Park, WA 98155ActiveMLS ID #2560440, Ryan Francescutti. NWMLS as distributed by MLS GRID
- $1,400,0008 bd8 ba3.9k sqftSd, Edmonds, WA 98026ActiveMLS ID #2563665, Raymond Senn. NWMLS as distributed by MLS GRID
- $799,9004 bd2 ba2.6k sqft7629 236th Street SW, Edmonds, WA 98026ActiveMLS ID #2565672, Doug Holman. NWMLS as distributed by MLS GRID
- $790,0004 bd3 ba2.2k sqft12817 48th Drive SE, Everett, WA 98208ActiveMLS ID #2565469, Tracey Kirkley. NWMLS as distributed by MLS GRID
- $719,0004 bd2 ba2k sqft16208 48th Avenue W, Edmonds, WA 98026ActiveMLS ID #2537685, Tin Nguyen. NWMLS as distributed by MLS GRID
- $900,0009 bd3 ba3.2k sqft3732 Rockefeller Avenue, Everett, WA 98201ActiveMLS ID #2527561, Samantha Boit. NWMLS as distributed by MLS GRID
- $1,187,5004 bd3 ba2.2k sqftWingate Div. No. 2, Edmonds, WA 98026ActiveMLS ID #2552179, Margo A. Christophilis. NWMLS as distributed by MLS GRID
- $875,0004 bd4 ba2.4k sqft18312 73rd Avenue W, Edmonds, WA 98026ActiveMLS ID #2535613, Tracey Kirkley. NWMLS as distributed by MLS GRID
- $875,0008 bd8 ba4.5k sqft6194 6200 NE Pine Street, Suquamish, WA 98392ActiveMLS ID #2562415, Peter Bradrick. NWMLS as distributed by MLS GRID
- $829,9505 bd3 ba1.9k sqft20917 22nd Avenue W, Lynnwood, WA 98036ActiveMLS ID #2514142, Aimie Hunter. NWMLS as distributed by MLS GRID
- $1,099,0007 bd4 ba4k sqft1907 37th Street, Everett, WA 98201ActiveMLS ID #2533177, Danielle Robinett. NWMLS as distributed by MLS GRID
- $950,0006 bd4 ba2k sqft23717 49th Drive SE, Woodinville, WA 98072ActiveMLS ID #2515120, Rene Breen. NWMLS as distributed by MLS GRID
