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$1,250,000
2587485 MLS ⋅ ACTIVE Status
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).

14430 40th Avenue W, Lynnwood

Listing Broker: eXp Realty; Haley Matz; 425-870-7762; haley.matz@yahoo.com

$1,050,000
2586883 MLS ⋅ ACTIVE Status
[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.

3614 SHELBY ROAD, Lynnwood

Listing Broker: FIRST AND MAIN; Kathie Salvadalena; 425-350-0020; kathie@kathiesalvadalena.com

$1,050,000
2583629 MLS ⋅ ACTIVE Status
Investor alert: A durable, cash-flowing duplex in one of Snohomish County’s most rentable pockets — projected at approximately $69,780 in gross annual rent and a 5.23% cap rate, with upside as rents reset to market.Two ways to win: an established investor acquires a fully leased two-home asset with stable, diversified cash flow from day one. For someone stepping into multifamily for the first time, there is the possibility to live in one unit while the second covers much of your mortgage as a unit becomes available. This is a lower-risk entry into income property for a diverse set of investor profiles.The layout and location are a real assets, too: these are two full 3-bedroom, 2-bath homes — the size and layout people search for and stay in — with quick access to the region’s largest employers via the new light rail to Seattle and the Bellevue/Eastside corridor, keeping a broad, credit-worthy tenant pool competing for quality 3-bedroom rentals.Each home is built to lease fast and stay leased: attached two-car garage, in-unit full-size washer and dryer, private fenced yard, and a comfortable single-family-style layout.

16206 2nd Place W, Lynnwood

Listing Broker: Windermere Real Estate/Summit; Ricardo Mendes; 425-533-5849; ricardo.mendes@windermere.com

$975,000
2581341 MLS ⋅ ACTIVE Status
Rare opportunity to own a Turnkey, beautifully remodeled side-by-side townhouse style duplex style on a spacious .49-acre R-7,200 zoned lot in a convenient Lynnwood location. Both units offer updated interiors with modern kitchens, white cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, flooring and lighting. Spacious living areas, fireplaces and thoughtful updates create a turnkey opportunity for an investor or owner-occupant looking to live in one unit while generating income from the other. Bright, open living spaces are complemented by large windows, recessed lighting and contemporary finishes throughout. Updated kitchens feature generous counter space and functional layouts ideal for everyday living and entertaining. Separate living spaces provide privacy between units, making the property well suited for multigenerational living, rental income or an owner-occupied investment. Enjoy the flexibility of a substantial lot with room for outdoor living, gardening and additional possibilities. Each unit is fully fenced in. Pending updated photos. Large, private R-7,200 lot offers intriguing future development potential. Add ADUs? Add more units? Subdivided? Convenient access to shopping, dining, transit and major commuter routes. A unique combination of move-in-ready condition, rental income potential and long-term land value. Buyer to verify development possibilities with Snohomish County.

14213 Admiralty Way, Lynnwood

Listing Broker: Sound Asset Partners LLC; Alan C. Sit; 425-281-6016; alansit@soundassetpartners.com

$1,198,000
2535565 MLS ⋅ ACTIVE Status
A rare single-level duplex, plus- buildable land. Upscale - with vaulted ceilings, laminate flooring, gas heat, gas fireplaces private decks & yards, and large two-car garages for each home. One unit has a double sided gas fireplace, the other has one gas, one wood. With extra land & the highest density zoning, you could build another duplex here, or two townhomes, or split off the additional land to sell to a builder. What an opportunity for those thinking about an ADU, a compound or extra rental income. Beautifully built, set back from the street, and conveniently located near Alderwood Mall, Costco, and the Lynnwood Light Rail - this is an ideal property with an extra bonus upside potential!

3303 156th Street SW, Lynnwood

Listing Broker: John L. Scott, Inc.; Jon Selin; 206-650-4566; jons@johnlscott.com

$850,000
2390152 MLS ⋅ ACTIVE Status
Excellent investment opportunity! This beautifully updated duplex offers flexibility and income potential. Live in one unit and rent out the other to offset your mortgage. Unit A features 3 bedrooms, each with a walk-in closet, plus new floors, fresh paint, tile backsplash, a wood-burning fireplace, and a newly sealed deck. A new roof was installed in 2023. Unit B includes 2 bedrooms, new flooring and carpet, sleek quartz countertops, and abundant natural light. Both units are move-in ready and designed for comfort and functionality. Whether you're house-hacking or building your rental portfolio, this is a smart, versatile investment you won't want to miss! This home appraised at 925K in 2023 prior to updates so its priced to sell!

15330 40th Avenue W Unit #A & B, Lynnwood

Listing Broker: Ballpark Realty; Dustin S. Bruce; 206-719-1061; dustin@ballpark-realty.com

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.
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