Listing Provided Courtesy Of:
Sound Realty Group Inc and NWMLS
4223 164th Street SW #A-F Lynnwood, WA
$ 1,575,000
Property Attributes
  • ML#1729328
  • TypeMulti-Family
  • CityLynnwood
  • AreaSouthwest Snohom
  • NeighborhoodAlderwood Manor
  • Zip98087
  • Style5-9 Units
  • Year Built1989
  • Taxes11757
  • Price$ 1,575,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5982
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
Sound Realty Group Inc and NWMLS
Data Source:
Property Description

6-unit property consisting of a townhome-style Fourplex building and a rambler duplex sitting on a single .5 acre parcel. VALUE-ADD WITH LOTS OF OPTIONS. Zoning will allow for 11 units with room to build more. Currently offered at a 5.5% Cap Rate; Fully-occupied with stable tenants, great cash flow and significant room to raise rents to a 6.5% Market Cap Rate. Some updated interiors & upgraded exteriors. Newer windows, newer roofs, etc. All units have W/D hook-ups. High-demand rental located in desirable Lynnwood w/ proximity to freeways, major employers, retail & restaurants.

Elementary School Middle School High School
Meadowdale ElemMd Meadowdale Mid Meadowdale High
Price History
2/27/2021 Listed $1,575,000

General Features

Amenities Thermal Windows
Buildingareaunits Square Feet
Carport Spaces 4
Carport Y/N No
Elementary School Meadowdale ElemMd
Energy Efficient Thermal Windows
Exterior Features Wood
Flooring Laminate, Vinyl Plank, Carpet
High School Meadowdale High
High School District Edmonds
Interior Features Laminate Hardwood
Middle/Junior High School Meadowdale Mid
New Construction No
Open Parking Spaces 11
Possible Use Office, Residential
Property SubType Multi-Family
Property Type Residential Income
Roof Composition
Sewer Sewer Connected
Standard Status Active
Structure Type Multi Family
Subdivision Name Alderwood Manor
Tax Annual Amount 11757
Terms Cash Out, Conventional
Total Units 6
Units Below Grade false
Units In Building Total 6
Water Company Alderwood Water District

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Power Production Type Electric

Exterior Features

Building Area Total 5982
Foundation Details Poured Concrete
Lot Dimensions 88 x 239
Lot Features Corner Lot, Paved
Lot Size Acres 0.5
Lot Size Square Feet 21780
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 11
Site Features Fenced-Partially
Total Parking 15
View Y/N No
Water Source See Remarks
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98087

AVG $1.58M
AVG $11,757
AVG 38
Year Built
AVG 1989
AVG 54
Data Provided by Walkscore ® not using MLS data