5332 188th Street Southwest
5332 188th Street Southwest
Lynnwood, WA 98037
$1,480,000
Price
8
Beds
6
Baths
3,968 Sq. Ft.
$373 / Sq. Ft.
3,968
Sq. Ft.
$373
per Sq. Ft.
Pending
Pending
Listing provided courtesy of Windermere R E Mount Baker
Description
Renovated townhome style fourplex close to the future light rail station and upcoming Lynnwood City Center. Each unit has 2 bedrooms and 1.5 baths; all units equipped with washers and dryers, private balconies, individual backyards, and two off-street parking spots. Units completely renovated in 2017; quartz countertops, new soft-close wood cabinets, new fixers, and double sinks in the full bath were introduced. Brand new vinyl plank flooring installed in two units this year. Minimal updates could...Renovated townhome style fourplex close to the future light rail station and upcoming Lynnwood City Center. Each unit has 2 bedrooms and 1.5 baths; all units equipped with washers and dryers, private balconies, individual backyards, and two off-street parking spots. Units completely renovated in 2017; quartz countertops, new soft-close wood cabinets, new fixers, and double sinks in the full bath were introduced. Brand new vinyl plank flooring installed in two units this year. Minimal updates could increase rents significantly. rents for similar units in the area range between $2,200 to $2,400. Easy to rent units. An ideal investment for those looking to capitalize on a growing area. Interior Inspections upon mutual acceptance
- Listed by Marcus Williams • Windermere R E Mount Baker
Property Details for 5332 188th Street Southwest
Community Name
Alderwood Manor
School DistrictEdmonds
ViewTerritorial
Number of Assigned Spaces8
Total Covered Parking0
Entry Date05-03-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Windermere R E Mount Baker![]()
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LISTING UPDATED: 05/22/2024 12:09 PM
Property Details for 5332 188th Street Southwest
| Status | Pending |
|---|---|
| MLS # | 2232479 |
| Days on Market | 19 |
| Cumulative Days on Market | 15 |
| Taxes | $7,779 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1968 |
| Lot Size | 0.30 AC / 13,068 SF |
| County | Snohomish County |
Location
Listing Courtesy of Windermere R E Mount Baker![]()
Add your commute
Building Information for 5332 188th Street Southwest
Stories2Residences4Year Built1968Building Size-Lot Size0.30 AC / 13,068 SF
Payment Calculator
$8,725 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,077
Property Taxes
$648
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 5332 188th Street Southwest
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Fenced-Partially, High Speed Internet
- Area: 730 - Southwest Snohomish
- Block: D-00
- Directions: Follow I-5 North to 44th Ave W in Lynnwood, take exit 181A from I-5 North, continue on 44th Ave W, and drive to 188th ST SW.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 8.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Flat
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 9756.54
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Slab
- First Right Of Refusal: false
- MLS Square Footage Source: Tax
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 21
Lot Information
- Lot Details: Sidewalk
- Lot Number: 3
- Lot Size Source: Tax
- Parcel Number Free Text: 00377900000300
- Building Condition: Average
- Calculated Square Footage: 3968
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3968.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $370
- Total Expenses: 23919.79
- Gross Adjusted Income: 101268
- Gross Rent Multiplier: 14.17
- Gross Scheduled Income: $104,400
- Insurance Expense: $3,514
- Net Operating Income: $79,848
- Other Expenses: $2,500
- Total Monthly Income: 8700
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 992
- Rent Unit 1: $2,300.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 992
- Rent Unit 2: $2,300.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 2
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 992
- Rent Unit 3: $2,100.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 2
Unit 4
- Name Unit 4: D
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 992
- Rent Unit 4: $2,000.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3968.0
- Leasable Area Units: Square Feet
Property History for 5332 188th Street Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5332 188th Street Southwest
Taxable ValueLand$452,500Additions$455,100Total$907,600
Tax Record2023$6,815 ($568 / month)
Home Facts
Baths4Total Finished SqFt3,968 SqFtAbove Ground SqFt3,968 SqFtStories2Lot Size13,068 SqFtStyleQuadraplexYear Built1968ZoningRMLCountySNOHOMISHAPN00377900000300
Schools near 5332 188th Street Southwest
This home is within Edmonds School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Cedar Valley Community School PublicK to 6 | ||
Alderwood Middle School Public7 to 8 | ||
Lynnwood High School Public9 to 12 | ||
Edmonds Career Access Program Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere R E Mount Baker
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.