$1,050,000
 $5,637 est/mo Sourced by Back At You

16206 2nd Place,Lynnwood, WA 98087

Lynnwood, WA 98087

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Description

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.

Details

MLS #2583629
Listing TypeFor Sale
Building NameMartha Lake East Shore Div 2
Sub-TypeResale
StatusActive
Year1990
Days On Site10
Listing Provided ByWindermere Real Estate/Summit | Ricardo Mendes

Features

SQ Feet3,008
Garage4
Story(s)2
Units2
Acreage0.45

Taxes

Property8805

Area Information

StateWA
CountySnohomish
CityLynnwood
Zip Code98087
Area730 Southwest Snohomish
Community NameLynnwood
Listing VS Median (in Lynnwood)
Price:
$1,050,000
low | high
Med:
$634,990
89.524761904762% of Average
sqft:
3,008
low | high
Med:
1,647
95.246010638298% of Average
$ / sqft:
$349
low | high
Med:
$386
39.550991991211% of Average
On site:
10
low | high
Med:
87
11.494252873563% of Average
Sourced by Back At You

Market Activity 98087

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Learn More About This Property

StateWA
CountySnohomish
CityLynnwood
Zip Code98087
Area730 Southwest Snohomish
Community NameLynnwood
Listing VS Median (in Lynnwood)
Price:
$1,050,000
low | high
Med:
$634,990
89.524761904762% of Average
sqft:
3,008
low | high
Med:
1,647
95.246010638298% of Average
$ / sqft:
$349
low | high
Med:
$386
39.550991991211% of Average
On site:
10
low | high
Med:
87
11.494252873563% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $787K - $1.312M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
16 160th Place Property Photo 1
$1,050,000
16 160th Place
Bothell, WA 98012
15924 E Shore Drive Property Photo 1
$2,499,992
15924 E Shore Drive
Lynnwood, WA 98087
15922 E Shore Drive Property Photo 1
$1,999,997
15922 E Shore Drive
Lynnwood, WA 98087
Listing Updated: September 18, 2026 at 3:08:45 PM PDT