Lynnwood Multi-Family Properties for Sale

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Newest Lynnwood Multi-Family Homes for Sale

$1,250,000

2587485 MLS ⋅ ACTIVE Status

Prime investment opportunity featuring a turn-key, fully updated duplex plus buildable land! Ideal for owner-occupants or savvy investors, this property offers incredible versatility. The easily accessible additional land allows you to build ADUs for extra income, construct a workshop, or subdivide and sell to a developer. The exterior boasts a new roof, gutters, fresh paint, stone accents, and refreshed landscaping (completed July 2026). Both bright, light-filled units feature vaulted ceilings, 3 bedrooms, 2.5 bathrooms, gas fireplaces, quartz countertops, new appliances, fully fenced private yards with spacious decks, and large two-car garages with ample extra parking. Unit A has been further enhanced with fresh interior paint, new flooring, updated trim, modern vanities, and new lighting. Conveniently located with fast access to I-5, I-405, public transit, the Lynnwood Light Rail Station, shopping, dining, parks, and lakes. (Buyer to verify all development opportunities).

14430 40th Avenue W, Lynnwood

Listing Broker: eXp Realty; Haley Matz; 425-870-7762; haley.matz@yahoo.com

$1,050,000

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

$975,000

2581341 MLS ⋅ ACTIVE Status

Rare opportunity to own a Turnkey, beautifully remodeled side-by-side townhouse style duplex style on a spacious .49-acre R-7,200 zoned lot in a convenient Lynnwood location. Both units offer updated interiors with modern kitchens, white cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, flooring and lighting. Spacious living areas, fireplaces and thoughtful updates create a turnkey opportunity for an investor or owner-occupant looking to live in one unit while generating income from the other. Bright, open living spaces are complemented by large windows, recessed lighting and contemporary finishes throughout. Updated kitchens feature generous counter space and functional layouts ideal for everyday living and entertaining. Separate living spaces provide privacy between units, making the property well suited for multigenerational living, rental income or an owner-occupied investment. Enjoy the flexibility of a substantial lot with room for outdoor living, gardening and additional possibilities. Each unit is fully fenced in. Pending updated photos. Large, private R-7,200 lot offers intriguing future development potential. Add ADUs? Add more units? Subdivided? Convenient access to shopping, dining, transit and major commuter routes. A unique combination of move-in-ready condition, rental income potential and long-term land value. Buyer to verify development possibilities with Snohomish County.

14213 Admiralty Way, Lynnwood

Listing Broker: Sound Asset Partners LLC; Alan C. Sit; 425-281-6016; alansit@soundassetpartners.com

$969,000

2575395 MLS ⋅ ACTIVE Status

Brand-new roof installed in August 2026! 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!). Common laundry provides additional income potential. 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.

15328 40th Avenue W, Lynnwood

Listing Broker: Windermere Real Estate Co.; Tom Cowan; 206-707-2585; tomcowan@windermere.com

$1,399,000

2570048 MLS ⋅ ACTIVE Status

Excellent investment opportunity! Well-maintained 6-plex in a convenient close-in urban location with easy access to I-5, shopping, transit, and area amenities. Strong income-producing property with all six units currently occupied; many tenants have been in place for 6+ years, providing a stable rental history. Units have been updated including granite countertops in the kitchen, and the property features a large concrete driveway with dedicated parking stalls for residents. Potential additional lot or development opportunity at the front of the property- buyer to verify zoning, development potential and feasibility with the appropriate jurisdiction. Please do not disturb tenants. Drive-by and exterior viewing are welcome.

17816 44th Avenue W, Lynnwood

Listing Broker: Kelly Right RE of Seattle LLC; Anna Ngo; 206-399-1587; annachu.re@gmail.com

$1,198,000

2535565 MLS ⋅ ACTIVE Status

A rare single-level duplex, plus- buildable land. Upscale - with vaulted ceilings, laminate flooring, gas heat, gas fireplaces private decks & yards, and large two-car garages for each home. One unit has a double sided gas fireplace, the other has one gas, one wood. With extra land & the highest density zoning, you could build another duplex here, or two townhomes, or split off the additional land to sell to a builder. What an opportunity for those thinking about an ADU, a compound or extra rental income. Beautifully built, set back from the street, and conveniently located near Alderwood Mall, Costco, and the Lynnwood Light Rail - this is an ideal property with an extra bonus upside potential!

3303 156th Street SW, Lynnwood

Listing Broker: John L. Scott, Inc.; Jon Selin; 206-650-4566; jons@johnlscott.com

$849,000

2534485 MLS ⋅ ACTIVE Status

AMAZING Investment Opportunity in Lynnwood! Rare opportunity to own a turn-key tri-plex in Lynnwood. Strong portfolio starter, addition or opportunity to live in one unit while renting the others! Potential for improvement by increasing to market rents and adding coin-op. Featuring 4 BD / 2.5 BA upstairs and two 1 BD / 1 BA units downstairs with a shared garage, carport and ample room for tenant and guest parking. 2 fully fenced yards that are separate and an expansive deck connected to the top unit. Brand new exterior paint. Conveniently located and just minutes to I5, Shopping, Lakes, Trails, Restaurants, Schools and more! Just a block from the upcoming Ash Way Light Rail Station making for an easy commute either direction along with Very Favorable Zoning!

2118 160th Place SW, Lynnwood

Listing Broker: COMPASS; Kyle Walker; 509-930-1508; kyle.walker@compass.com

$1,090,000

2527527 MLS ⋅ ACTIVE Status

Tucked away at the end of quiet street in a peaceful forested setting just west of 99, this fully-rented cash machine boasts an impressive .19 acre wooded lot with fully-fenced yards & 7 parking spaces. Solid 1979 2-story 4-plex with sweeping covered front porch features identical 2-bedroom 1-bath 790sf units with private washer/dryers & new kitchens, baths, roof & windows just over 10 years ago. Rarely ever vacant with happy, long-term tenants. Super convenient location within walking distance to Swift transit & minutes to I-5, 405 & Lynnwood's new light rail station!

18332 Hurst Road, Lynnwood

Listing Broker: Upgrade Realty; Nick Southard; 206-533-3322; Nick@UpgradeRealty.com

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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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