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  • Listed by: RE/MAX Northwest • Mary A. Sincavage
    Bought with: Skyline Properties, Inc.
    $650,000

    16231 E Shore Drive, Lynnwood, WA 98087

    4beds
    2baths
    1,560sqft
    Duplex, Multi Family
    Built in 1986
    -- sqft lot
    $652,600 Zestimate®
    $417/sqft
    $3,082 Estimated rent

    Home value

    $652,600

    $607,000 - $698,000

    $3,082/mo

    Zestimate® history
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    What's special

    Filled with natural lightMostly fencedNewer roofFresh exterior paint
    Unlock incredible potential with this charming duplex, perfectly situated for those who value both nature and urban convenience. Nestled on a sprawling 15,000+ sq. ft. lot, this property is a rare find—offering ample space, privacy, and versatility for savvy investors or multi-generational living. Ideal Location: Just a short stroll to the serene Martha Lake, local coffee shops, parks, and easy-access bus lines.Peace of mind comes standard with a newer roof and fresh exterior paint.Turn-Key Potential: Each unit features 2 bedrooms and 1 bathroom, laundry and filled with natural light. While the interiors are waiting for your personal touch with new carpet and paint, the units are move-in ready.The large lot includes a storage shed and is mostly fenced—perfect for pets, gardening, or future expansion.Ample Parking: No more street parking woes; the property accommodates 4+ vehicles comfortably off-street.Whether you are looking to house in a "side-by-side" setup or seeking a high-demand rental property in a prime commuter location, this duplex is a diamond in the rough.Bring your vision, a fresh gallon of paint, and capitalize on the sweat equity waiting to be claimed!

    Zillow last checked:

    Listing updated:

    Listed by:

    Mary A. Sincavage,

    RE/MAX Northwest

    Bought with:

    Vanessa Chavez Zepeda, 21022576

    Skyline Properties, Inc.

    Source: NWMLS as distributed by MLS GRID,MLS#: 2507948MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air, Electric
    Cooling
    • None
    Features
    • Flooring: Vinyl, Carpet
    • Windows: Thermal Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 1,560
    • Total interior livable area: 1,560 sqft

    Property

    Parking
    • Total spaces: 4
    • Uncovered spaces: 4
    Lot
    • Size: 0.35 Acres
    • Features: Dead End Street, Paved, Value In Land, Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
    Details
    • Parcel number: 00509200200301
    • 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
    • Good
    • Year built: 1986
    • Major remodel year: 1986

    Utilities & green energy

    • Electric: Company: Snohomish County PUD
    • Sewer: Sewer Connected, Company: Alderwood Wastewater
    • Water: Public, Company: Alderwood Water
    Green energy
    • Energy efficient items: Thermal Windows

    Community & HOA

    Community
    • Subdivision: Martha Lake
    Location
    • Region: Lynnwood

    Financial & listing details

    • Price per square foot: $417/sqft
    • Tax assessed value: $703,700
    • Annual tax amount: $6,004
    • Date on market: 6/24/2026
    • Cumulative days on market: 28 days
    • Listing terms: Conventional,Farm Home Loan,Rehab Loan

    Price history

    DateEventPrice
    5/28/2026Sold$650,000-5.5%$417/sqft
    Source: NWMLS as distributed by MLS GRID #2507948 Report a problem
    4/19/2026Pending sale$687,500$441/sqft
    Source: NWMLS as distributed by MLS GRID #2507948 Report a problem
    4/15/2026Listed for sale$687,500+78.6%$441/sqft
    Source: NWMLS as distributed by MLS GRID #2507948 Report a problem
    7/10/2007Sold$385,000+73.8%$247/sqft
    Source: NWMLS as distributed by MLS GRID #27102374 Report a problem
    3/6/2002Sold$221,500$142/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,962 +5.2%$703,700 +5.8%
    2023$5,665 -5.5%$665,100 -9.9%
    2022$5,992 +4.9%$738,000 +28.8%
    2021$5,714 +15%$573,100 +16.4%
    2020$4,970 -7.7%$492,200 +3.4%
    2019$5,387 $476,100 +15.4%
    2018-- $412,500 +26.9%
    2017$4,751 +41.7%$325,100 +12%
    2016$3,354 $290,200 +15.8%
    2015$3,354 +17.1%$250,600 +24.7%
    2013$2,863 $200,900
    2012-- --
    2011-- --
    2010-- --
    2009-- --
    2008-- --
    2007-- --
    2002-- --
    2001$2,401 -0.6%$168,800
    2000$2,416 $168,800
    Find assessor info on the county website

    Neighborhood: Martha Lake

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $652,600
    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
    $652,600