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[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.

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

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.

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

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!

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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