Listing provided courtesy of Lions Realty GroupNWMLSas Distributed by MLSGrid- MLS# NWM2500006MLS Provider

14926 40th Avenue W #2Lynnwood, WA 98087

Multi-Family · 6 Beds · 3,256 Sq. ft. | 0.14 Acres
$1,075,000 Active

14926 40th Avenue W #2 Overview

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Exceptional duplex investment opportunity in the heart of Lynnwood offering two expansive remodeled residences—each featuring 3 bedrooms, 2.5 baths and 1,628 SF of thoughtfully designed living. Each unit lives like a standalone home with spacious open-concept layouts, generous living and dining areas, well-appointed kitchens with abundant cabinetry and seamless indoor-outdoor flow. Upstairs level boasts private bedroom retreats including a spacious primary suite with ensuite bath and additional bedrooms offering flexibility for guests, home office or extended living. Both have 2 car garages and 2 driveway parking spaces. Ideal for owner-occupants or investors seeking strong rental potential, this property delivers modern layouts, generous living areas and functional floor plans. Just minutes to Alderwood Mall, a premier shopping, dining, and entertainment destination, and conveniently located near the Lynnwood Transit Center with expanding light rail access, enhancing long-term appreciation and tenant demand. Easy access to I-5 and I-405 with quick connectivity to major employment hubs including Boeing—as well as Seattle, Bellevue, and the Eastside tech corridor. Lynnwood continues to attract growth with a strong employment base and Edmonds College nearby, supporting consistent rental demand. A rare opportunity to secure a high-performing asset in a rapidly growing corridor—live in one unit and rent the other or maximize cash flow in a location poised for continued expansion!

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14926 40th Avenue W #2 Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,256
  • Price/Sq.ft. $330
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Edmonds

Green Features

  • Green Energy Efficient: Thermal Windows

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 70200
  • Insurance Expense: 2203
  • Net Operating Income: 62197
  • Total Expenses: 8003
  • Total Monthly Income: 5850
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1999

Location/Region

  • Country: US
  • County Or Parish: Snohomish
  • MLS Area Major: 730 - Southwest Snohomish
  • Subdivision Name: Lynnwood

Community/Development

  • Amenities: Thermal Windows

Tax Information

  • Tax Annual Amount: $5,800.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 00876400000200
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 4

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3256
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3256
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3256
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 2

Unit Information

  • Unit Number: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 8
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.1358
  • Lot Size Square Feet: 5917
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 4
  • Exterior Features: Metal/Vinyl
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 2850
  • Beds Total: 3
  • Baths Total: 3

Unit 1 Details

  • Actual Rent: 3000
  • Beds Total: 3
  • Baths Total: 3

14926 40th Avenue W #2 Neighborhood

Community

98087 (Lynnwood) Demographics

33
Median Age
7,227
Population Density (per sq. mile)
47%
College Educated
$87,320
Estimated Median Income
8,091
Estimated Total Home Owners
7,041
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

14926 40th Avenue W #2 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

14926 40th Avenue W #2 Market Data

Based on the last 30 days in this zip code

$704,775
Average List Price
$386
Average Price per Square Foot
0
Properties Sold
56
Average Days on Market
186
Properties for Sale
Calculations provided by Reliance Network

14926 40th Avenue W #2 History

Date Event Value Agent
5/28/2026Source: NWMLS Price Reduction
$1,075,000 -2.2%
4/27/2026Source: NWMLS Price Reduction
$1,099,000 -4.4%
4/2/2026Source: NWMLS Added to Database
April 02, 2026