For Sale195d on market
15320 40th Avenue W
Lynnwood, WA, 98087 • North Lynnwood • Snohomish County
$1,299,900
$341/sqft
Down payment assistance available
8Beds
4Baths
3,812Sqft
0.31 acLot
1980Built
Property DNA
Territorial Views
Territorial
4-Plex Style
Built 1980 · 46 years of history
Alderwood
North Lynnwood
This home is getting attention
Listed 195 days ago · 315 views · 11 saves
Market activity
Demand and pricing signals for this listing
315 views
People checking out this listing
11 saves
Buyers have saved this home
195 days on market
Established listing
$341/sqft
Price per square foot
About this home
Multi Family · Built 1980
Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building with all 4 units updated, new roof installed this summer and back deck freshly painted. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.
Standout features identified
Our analysis highlights peaceful setting, quiet wooded setting, and terrific floor-plans as key attractions of this home.
Estimated monthly payment
Based on current rates
$8,090/month
Principal & Interest$6,356
Property Tax$1,300
Insurance$433
Down payment20% ($259,980)
3%50%
Est. 6.18% rate · 30yr fixed · $1,039,920 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1980
HeatingBaseboard, Electric
CoolingNone
Parking8 Open Parking spaces
Days on Zillow195 Days
Price/sqft$341
Property
Home typeMulti Family
Sub-typeMulti Family
Style4-Plex
Year built1980
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Siding, Wood Products
Water / SewerPublic, Company: Alderwood / Sewer Connected, Company: Alderwood
Parking & Outdoor
ParkingOpen
Lot0.31 Acres
Location & Tax
NeighborhoodNorth Lynnwood
Annual tax$8,857
Parcel00372901102103
Features & details
7 categories of property features
Interior Features
Flooring
Vinyl Plank
Carpet
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Parking
Open
Construction
Wood Siding
Wood Products
Lot Features
Dead End Street
Paved
Deck
High Speed Internet
Views
Territorial
Listing insights
Market data and value estimates
StatusFor Sale
Days on market195
Est. value$1,254,200
Est. rent$2,001/mo
Tax rate0.77%
Price/sqft$341
On marketSep 22, 2025
PostedSep 23, 2025
Last sold$845,000
MLS statusActive
MLS updatedFeb 18, 2026
Tour days9
Views315
Favorites11
How are the schools in Lynnwood?
3 schools rated nearby
Location
Lynnwood, WA, 98087
Price history
7 events
DateEventPrice$/sqftSource
Sep 23, 2025Listed For Sale$1,299,900$341NWMLS as distributed by MLS GRID
Jul 6, 2018Sold$845,000$222NWMLS as distributed by MLS GRID
May 28, 2018Pending Sale$799,950$210Berkshire Hathaway Hs Sp
May 15, 2018Listed For Sale$799,950$210Berkshire Hathaway Hs Sp
Apr 17, 2015Sold$220,000$58Agent Provided
Jul 22, 2005Sold$472,000$124NWMLS as distributed by MLS GRID
Oct 28, 1997Sold$259,950$68Public Record
Listed For Sale$1,299,900
Sep 23, 2025•$341/sqft•NWMLS as distributed by MLS GRID
Sold$845,000
Jul 6, 2018•$222/sqft•NWMLS as distributed by MLS GRID
Pending Sale$799,950
May 28, 2018•$210/sqft•Berkshire Hathaway Hs Sp
Listed For Sale$799,950
May 15, 2018•$210/sqft•Berkshire Hathaway Hs Sp
Sold$220,000
Apr 17, 2015•$58/sqft•Agent Provided
Sold$472,000
Jul 22, 2005•$124/sqft•NWMLS as distributed by MLS GRID
Sold$259,950
Oct 28, 1997•$68/sqft•Public Record
Tax history
20 years of records
YearTax paidAssessed value
Apr 7, 2024$9,305$1,083,500
Apr 7, 2023$8,857$1,025,700
Apr 7, 2022$7,917$950,100
Apr 7, 2021$9,230$916,000
Apr 7, 2020$8,880$876,000
Apr 7, 2019$8,931$782,000
Apr 7, 2018—$648,000
Apr 7, 2017$7,277$478,000
Apr 7, 2016$5,213$400,000
Apr 7, 2015$5,213$381,000
Apr 7, 2013$4,943$342,000
Apr 7, 2012——
Apr 7, 2011——
Apr 7, 2010——
Apr 7, 2009——
Apr 7, 2008——
Apr 7, 2007——
Apr 7, 2002——
Apr 7, 2001$3,683$257,700
Apr 7, 2000$3,706$257,700
Nearby homes
Neighborhood details
Local context around this listing
Lynnwood, WA • Snohomish County
Nearby neighborhoods
Alderwood ManorMartha LakeNorth Lynnwood
Nearby cities
ArlingtonBothellEdmondsEverettLake StevensLynnwoodMarysvilleMonroe
Nearby zip codes
98036980379804698087
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Based on information submitted to the MLS GRID as of 2026-04-07 02:24:56 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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