[INVESTMENT OPPORTUNITY] Exceptional duplex in a prime Lynnwood location offering outstanding income potential, owner-occupant flexibility, and long-term investment value. Manicured grounds, generous off-street parking, attached garages, and separate utilities/meters make this a truly turnkey opportunity. New Exterior paint & roof. UNIT A - COMPLETELY UPDATED - beautiful finishes with a bright and airy feel. Peek a boo view of the lake. Each spacious 3-bedroom, 2.5-bath residence features covered patios, private backyards, and comfortable, functional floor plans designed for low-maintenance living. Ideally situated with quick access to I-5, I-405, public transit, the Lynnwood Light Rail Station, Lynnwood City Center, Alderwood Mall, shopping, dining, parks, and major employers, providing exceptional commuter convenience and strong long-term tenant appeal. Whether you're expanding your investment portfolio, seeking a multi-generational living solution, or planning to live in one unit while generating rental income from the other, this property offers exceptional versatility in one of Snohomish County's most desirable and rapidly growing communities. A rare opportunity with excellent upside and lasting value.
Active
Listed by: FIRST AND MAIN • Kathie Salvadalena
$1,050,000
3614 SHELBY ROAD, Lynnwood, WA 98087
6beds
6baths
3,004sqft
Duplex, Multi Family
Built in 1995
-- sqft lot
$1,008,800 Zestimate®
$350/sqft
$-- HOA
What's special
Generous off-street parkingBeautiful finishesPrivate backyardsAttached garagesBright and airy feelManicured groundsComfortable functional floor plans
- --
- on Zillow
- 290
- views
- 30
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Kathie Salvadalena,
FIRST AND MAIN
Source: NWMLS as distributed by MLS GRID,MLS#: 2586883
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Fireplace Insert, Forced Air, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,004
- Total interior livable area: 3,004 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 2
Features
- Has view: Yes
- View description: Lake, Partial, Territorial
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.28 Acres
- Features: Corner Lot, Dead End Street, Paved, Sidewalk, Cable TV, Gas Available, High Speed Internet, Patio
Details
- Parcel number: 00570300203002
- 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, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1995
- Major remodel year: 1995
Utilities & green energy
- Electric: Company: PUD
- Sewer: Sewer Connected, Company: Alderwood
- Water: Public, Company: Alderwood
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Lynnwood
Location
- Region: Lynnwood
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $947,800
- Annual tax amount: $7,823
- Date on market: 9/24/2026
- Listing terms: Conventional
Estimated market value
$1,008,800
$958,000 - $1.06M
$2,222/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $1,050,000$350/sqft |
Source:  NWMLS as distributed by MLS GRID #2586883 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,980 +6.6% | $947,800 +9.4% |
| 2024 | $7,489 -1.8% | $866,100 -2.8% |
| 2023 | $7,627 -1.6% | $891,100 -12.6% |
| 2022 | $7,754 +1.3% | $1,019,700 +28.7% |
| 2021 | $7,651 +4.6% | $792,600 +10% |
| 2020 | $7,311 +10.2% | $720,600 +8.1% |
| 2019 | $6,632 | $666,900 +12.6% |
| 2018 | -- | $592,500 +18.7% |
| 2017 | $6,173 +27.5% | $499,000 +8.6% |
| 2016 | $4,841 | $459,600 +16.9% |
| 2015 | $4,841 +4.7% | $393,000 +11.6% |
| 2013 | $4,625 | $352,000 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
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: 98087
Nearby schools
Schools provided by the listing agent
- Elementary: Fairmount Elem
- Middle: Harbour Pointe Mid
- High: Mariner High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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