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$1,065,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 6 hours ago

Listed by Tom Cowan | Windermere Real Estate Co. | (206) 526-5544

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Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1 bath unit. Recent upgrades to units 2-4 include newer flooring, newer interior paint, and partial cabinet (newer in unit 4, refreshed in units 2 & 3 with newer paint and hardware), countertop, trim, & light fixture upgrades, as well as many updated appliances. Upper units have a small deck and the lower units are adjacent to a small yard. 8 parking spaces (2 per unit!). Coin-op laundry provides additional income. A flexible asset with the ability to immediately owner-occupy, or use as a long-term hold with good cashflow + additional upside potential through operational improvements.

Full Property Details for 15328 40th Ave W

General

  • Price: $1,065,000
  • Taxes: $7,822 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2476109
  • Updated: 2/24/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Vinyl, Vinyl Plank, Carpet

Additional Information

  • Amenities: Cable TV, Deck

Parking

  • Uncovered Spaces: 8

Location

  • Area: 730 - Southwest Snohomish
  • County: Snohomish
  • Subdivision: Lynnwood
  • Driving Directions: GPS works!

School Information

  • High School District: Edmonds

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Metal/Vinyl
  • Foundation: Slab
  • Roof: Flat, Torch Down
  • Stories in Building: 1
  • Square Feet: 3,248
  • Year Built: 1966

Unit Information

  • Units in Building: 4

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.22
  • Lot Size (Sq. Ft.): 9,583
  • Lot Size Source: SCR
  • Lot Features: Dead End Street, Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $7,822
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 372901102104

Listed by Tom Cowan | Windermere Real Estate Co. | (206) 526-5544

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Schools serving 15328 40th Ave W

School District:Edmonds School District
NameGradesDistance
Beverly Elementary School
5221 168th Street Southwest, Lynnwood, WA 98037
K-61.2 mi
Meadowdale Middle School
6500 168th Street Southwest, Lynnwood, WA 98037
7-81.8 mi
Meadowdale High School
6002 168th Street Southwest, Lynnwood, WA 98037
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 15328 40th Ave W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$1,065,000
23.41%
MLS
12/22/2020
Sold
$863,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 15328 40th Ave W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,822
21%
$821,400
8%
2023
$6,468
-12%
$761,900
-2%
2021
$7,317
-8%
$780,000
—
2022
$7,944
9%
$780,000
20%
2021
$7,317
-3%
$650,000
—
2020
$7,507
7%
$650,000
8%
2019
$6,991
18%
$600,000
36%
2018
$5,901
15%
$440,000
13%
2017
$5,110
19%
$390,000
20%
2016
$4,309
5%
$324,000
11%
2015
$4,110
5%
$292,000
6%
2014
$3,933
—
$276,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Tom Cowan | Windermere Real Estate Co. | (206) 526-5544

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Sold by Dararith Marith | Windermere Real Estate/PSR Inc

15328 40th Avenue W, Lynnwood, WA 98087 (MLS# 2476109) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 15328 40th Avenue W is currently listed for $1,065,000 and was received on February 24, 2026. Want to learn more about 15328 40th Avenue W? Do you have questions about finding other Multi-Family real estate for sale in Lynnwood? You can browse all Lynnwood real estate or contact a Coldwell Banker agent to request more information.

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