Listing Provided Courtesy Of:
HomeSmart Real Estate Assoc and NWMLS
5216 188th Street SW Lynnwood, WA
$ 999,999
Property Attributes
  • ID#1748124
  • TypePending
  • CityLynnwood
  • AreaSouthwest Snohom
  • NeighborhoodAlderwood Manor
  • Zip98037
  • Style4-Plex
  • Year Built1968
  • Taxes6886
  • Price$ 999,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3968
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
HomeSmart Real Estate Assoc and NWMLS
Data Source:
Property Description

Town House style 4-plex ready to be added to your portfolio. Amazing location near Lynnwood's future light rail station, I-5 and 405. Surrounded by beautiful landscaping, these 2 bed/1 bath units all boast balconies, patios and 2 parking spots each. This investment has the potential to earn an impressive ROI. Already cash flowing and fully rented, this property allows new buyer to capture rent increases and implement utility reimbursements as soon as you close. Current rents $1,000-$1,250. Estimated Rent $1,650. Cap Rate with rent increases is 5.5%. Also for sale 5226 188th Street SW. Buy one or both! Perfect cash flowing asset for the savvy or newbie investor.

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
3/26/2021 Listed $999,999

General Features

Buildingareaunits Square Feet
Carport Y/N No
Elementary School Buyer To Verify
Exterior Features Metal/Vinyl, Wood, Wood Products
Flooring Laminate, Carpet
High School Buyer To Verify
High School District Edmonds
Middle/Junior High School Buyer To Verify
New Construction No
Open Parking Spaces 8
Possible Use Multi-Family
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Sewer Sewer Connected
Standard Status Pending
Structure Type Quadruplex
Subdivision Name Alderwood Manor
Tax Annual Amount 6886
Terms Cash Out, Conventional, FHA, State Bond, VA Loan
Total Units 4
Units Below Grade false
View Territorial

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Power Production Type Electric

Exterior Features

Building Area Total 3968
Foundation Details Block
Lot Dimensions 13, 068
Lot Features Curbs, Paved, Sidewalk
Lot Size Acres 0.3
Lot Size Square Feet 13068
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 8
Site Features Deck, Patio
Total Parking 8
View Y/N Yes
Water Source Public
Waterfront Y/N Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 98037

AVG $620K
AVG $4,931
AVG 55
Year Built
AVG 2000
AVG 33
Data Provided by Walkscore ® not using MLS data

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