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Lynnwood Multi Family Homes

Browse multi family properties in Lynwood below. You may also be interested in creating your own custom search.

Multi Family Homes for Sale in Lynnwood WA

Contact CENTURY 21 North Homes Realty with any questions about a listing or to see any of these properties in person.

4223 164th Street SW Lynnwood WA 98087

MLS Number 1729328

  • Multi Family Residential Income
  • Units 6
  • Square Feet 5,982
  • Acreage 0.5
  • Year Built 1989

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.

Listed by Charles S. Burnett and Michael Miranda of Sound Realty Group Inc

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Federal 30-year interest rate: 3.13% last updated on Apr 8, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Based on information submitted to NWMLS  as of April 11, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or NWMLS.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 North Homes Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers.