Listing Provided Courtesy Of:
Sound Realty Group Inc and NWMLS
4223 164th Street SW # A-F Lynnwood, WA
$ 1,575,000
Property Attributes
  • ID#1729328
  • TypePending
  • CityLynnwood
  • AreaSouthwest Snohom
  • NeighborhoodAlderwood Manor
  • Zip98087
  • Style5-9 Units
  • Year Built1989
  • Taxes$ 11757
  • Price$ 1,575,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5982
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
Sound Realty Group Inc and NWMLS
Data Source:
Property Description

6-unit property consisting of a townhome-style Fourplex building and a rambler duplex sitting on a single .5 acre parcel. VALUE-ADD WITH LOTS OF OPTIONS. Zoning will allow for 11 units with room to build more. Currently offered at a 5.5% Cap Rate; Fully-occupied with stable tenants, great cash flow and significant room to raise rents to a 6.5% Market Cap Rate. Some updated interiors & upgraded exteriors. Newer windows, newer roofs, etc. All units have W/D hook-ups. High-demand rental located in desirable Lynnwood w/ proximity to freeways, major employers, retail & restaurants.

Elementary School Middle School High School
Meadowdale ElemMd Meadowdale Mid Meadowdale High
Price History
2/27/2021 Listed $1,575,000

General Features

Amenities Thermal Windows
Buildingareaunits Square Feet
Carport Spaces 4
Carport Y/N No
City Lynnwood
County Snohomish
Directions From Hwy 525 take Alderwood Mall Pkwy, left on 164th St SW, property on the right past Manor Heights Estate. From Hwy 99, turn east on 164th St SW, property on the left.
Electric Expense 483
Elementary School Meadowdale ElemMd
Energy Efficient Thermal Windows
Exterior Features Wood
Flooring Laminate, Vinyl Plank, Carpet
High School Meadowdale High
High School District Edmonds
Insuranceexpense 1750
Interior Features Laminate Hardwood
Leasable Area 5982
Listing Agent Name Charles S. Burnett
MLS Area 730 - Southwest Snohom
Middle/Junior High School Meadowdale Mid
Netoperatingincome 86321
New Construction No
Nwm Watersewergarbage 4964
Nwm Zoningclass Office, Residential
Open Parking Spaces 11
Possession Closing, Tenant's Rights
Possible Use Office, Residential
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending
Street Name 164th
Structure Type Multi Family
Subdivision Name Alderwood Manor
Tax Annual Amount 11757
Tax Year 2020
Terms Cash Out, Conventional
Total Units 6
Unit Number A-F
Units Below Grade false
Units In Building Total 6
Utilities Sewer Connected, Electricity Available
Water Company Alderwood Water District
Year Built 1989

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Livingareaunits Square Feet
Power Production Type Electric
Street Suffix Street
Total Stories 2

Exterior Features

Building Area Total 5982
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Dimensions 88 x 239
Lot Features Corner Lot, Paved
Lot Size Acres 0.5
Lot Size Square Feet 21780
Lot Size Units Square Feet
Open Parking Y/N Yes
Parking Uncovered Spaces 11
Site Features Fenced-Partially
Total Parking 15
View Y/N No
Water Source See Remarks
Waterfront Y/N No


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

Property vs Pending Average in 98087

AVG $680K
AVG $5,375
AVG 33
Year Built
AVG 2010
AVG 31
Data Provided by Walkscore ® not using MLS data

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