14430 40th Avenue W, Lynnwood, WA 98087
- $1,250,000
- 2,800
- SqFt
Listing Broker: eXp Realty; Haley Matz; 425-870-7762; haley.matz@yahoo.com
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 2587485
- Days on Market
- 0
- Style
- 52 - Duplex
- Finished SqFt
- 2,800
- Area Total SqFt
- 2800
- Annual Tax Ammount
- 8267.26
- Lot Size (sq ft)
- 17,424
- Sewer
- Sewer Connected
Property Description
Prime investment opportunity featuring a turn-key, fully updated duplex plus buildable land! Ideal for owner-occupants or savvy investors, this property offers incredible versatility. The easily accessible additional land allows you to build ADUs for extra income, construct a workshop, or subdivide and sell to a developer. The exterior boasts a new roof, gutters, fresh paint, stone accents, and refreshed landscaping (completed July 2026). Both bright, light-filled units feature vaulted ceilings, 3 bedrooms, 2.5 bathrooms, gas fireplaces, quartz countertops, new appliances, fully fenced private yards with spacious decks, and large two-car garages with ample extra parking. Unit A has been further enhanced with fresh interior paint, new flooring, updated trim, modern vanities, and new lighting. Conveniently located with fast access to I-5, I-405, public transit, the Lynnwood Light Rail Station, shopping, dining, parks, and lakes. (Buyer to verify all development opportunities).
Additional Information
- List Date
- 2026-09-25 21:58:12
- Community
- Picnic Point
- Net Operating Income
- $75,733
- Gross Scheduled Income
- $85,200
- Total Monthly Income
- $7,100
- Insurance Expenses
- $1,200
- Gross Rent Multiplier
- 14.67
- Total Expenses
- $9,467
- Cap Rate
- 6.05
- Vacancy Rate
- 100
- Total Number of Units
- 2
- Unit Name
- 14430
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1995
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, RV Parking
- Energy Source
- Natural Gas
- School District
- Mukilteo
- Total Monthly Income
- $7,100
- Gross Scheduled Income
- $85,200
- Vacancy Rate
- 100
- Tax Year
- 2026
- Insurance Expense
- $1,200
- Total Expenses
- $9,467
- Net Operating Income
- $75,733
- Gross Rent Multiplier
- 14.67
- Cap Rate
- 6.05
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.