14720 40th Avenue West

Lynnwood, WA 98087

$1,149,950
Price
6
Beds
5
Baths
2,784 Sq. Ft.
$413 / Sq. Ft.
2,784
Sq. Ft.
$413
per Sq. Ft.

Description

Duplex walking distance from Lake Serene. Each unit has a living room with a fireplace, a huge kitchen, 3 bedrooms, 2.5 baths with approx 1400 Sq Ft. Bdrms have walk-in closets, and the master has double closets. There are newer appliances and heaters in both units. There is lots of storage, a great open layout, a huge backyard fully fenced with private decks, and a large party deck on one side. One car garage with a large area for additional parking for each unit, private entry road. Gas fireplaces,...Duplex walking distance from Lake Serene. Each unit has a living room with a fireplace, a huge kitchen, 3 bedrooms, 2.5 baths with approx 1400 Sq Ft. Bdrms have walk-in closets, and the master has double closets. There are newer appliances and heaters in both units. There is lots of storage, a great open layout, a huge backyard fully fenced with private decks, and a large party deck on one side. One car garage with a large area for additional parking for each unit, private entry road. Gas fireplaces, gas heat, and newer carpet and flooring. All in all, it is a turnkey multi-family that is already fully leased. Super convenient location within walking distance to Swift Transit & minutes to I-5, 405 & Lynnwood's new light rail station!
  1. Listed by Alena Labzhinova • Keller Williams Rlty Bellevue

Property Details for 14720 40th Avenue West

Community Name
Lynnwood
School District
Mukilteo
View
Territorial
Number of Assigned Spaces
6
Total Covered Parking
2
Entry Date
01-14-2025
Energy Source
Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Keller Williams Rlty Bellevue
Add your commute
LISTING UPDATED: 02/09/2025 01:26 PM

Property Details for 14720 40th Avenue West

StatusActive
MLS #2319914
Days on Market36
Cumulative Days on Market36
Taxes$7,453 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size0.34 AC / 14,810 SF
CountySnohomish County

Building Information for 14720 40th Avenue West

Stories2Residences2Year Built1995Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

$6,646 per month

30 year fixed, 6.845% Interest

Principal and Interest

$6,025

Property Taxes

$621

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14720 40th Avenue West

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio
  • Area: 740 - Everett/Mukilteo
  • Elementary School: Picnic Point Elem
  • Middle Or Junior School: Olympic View Mid
  • High School: Kamiak High
  • Effective Year Built Source: Public Records
  • Directions: Use GPS. Highway 99 to 148th turn West to go 1/4 mile turn right onto 40th Ave W 2nd driveway on the left. The duplex is at the end of the long driveway.
  • 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: 4.0
  • 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: Laminate, Vinyl, Carpet
  • Features: Laminate, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air, High Efficiency (Unspecified)
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Metal/Vinyl, Wood Products
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water/Sewer/Garbage: 0
  • Power Company: PUD
  • Sewer Company: Alderwood Water & Wastewater District
  • Water Company: Alderwood Water & Wastewater District
  • Power Production Type: Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1995
  • Photos Count: 25
Lot Information
  • Lot Details: Alley, Dead End Street, Open Space, Paved
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 00570400300904
  • Building Condition: Good
  • Calculated Square Footage: 2784
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2784.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 8611
  • Gross Adjusted Income: 54989
  • Gross Rent Multiplier: 5.3
  • Gross Scheduled Income: $63,600
  • Insurance Expense: $1,158
  • Net Operating Income: $54,989
  • Other Expenses: $0
  • Total Monthly Income: 63600
  • 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: 1400
  • Rent Unit 1: $2,750.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 3
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: 1400
  • Rent Unit 2: $2,550.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 3
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2784.0
  • Leasable Area Units: Square Feet

Property History for 14720 40th Avenue West

DateEvent & SourcePriceAppreciation
Jan 27, 2025

Price Change

NWMLS #2319914

$1,149,950—
Jan 14, 2025

Listed (Active)

NWMLS #2319914

$1,199,950—
Feb 12, 2020

Sold (Public Record)

Public Record #663059267

$700,000

+9.0% / yr

Dec 23, 2014

Sold

NWMLS #669158

$450,000—
Dec 18, 2014

Sold (Public Record)

Public Record #485719721

$450,000

+0.6% / yr

Nov 17, 2014

Pending

NWMLS #669158

—
Jul 17, 2014

Listed (Active)

NWMLS #669158

$499,000—
Apr 11, 2005

Sold (Public Record)

Public Record #154829544

$425,000—
Apr 11, 2005

Sold

NWMLS #25034347

$425,000—
Mar 17, 2005

Pending

NWMLS #25034347

—
Mar 14, 2005

Listed (Active)

NWMLS #25034347

$399,950—
Mar 16, 2004

Sold

NWMLS #24029543

$315,500—
Mar 8, 2004

Pending

NWMLS #24029543

—
Mar 8, 2004

Listed (Active)

NWMLS #24029543

$339,950—
Mar 7, 2004

Pending

NWMLS #24029543

—
Mar 7, 2004

Listed (Active)

NWMLS #24029543

$339,950—
DateEvent & SourcePrice
01/27/2025

Price Change

NWMLS #2319914

$1,149,950
01/14/2025

Listed (Active)

NWMLS #2319914

$1,199,950
02/12/2020

Sold (Public Record)

Public Record #663059267

$700,000

+9.0% / yr

12/23/2014

Sold

NWMLS #669158

$450,000
12/18/2014

Sold (Public Record)

Public Record #485719721

$450,000

+0.6% / yr

11/17/2014

Pending

NWMLS #669158

—
07/17/2014

Listed (Active)

NWMLS #669158

$499,000
04/11/2005

Sold (Public Record)

Public Record #154829544

$425,000
04/11/2005

Sold

NWMLS #25034347

$425,000
03/17/2005

Pending

NWMLS #25034347

—
03/14/2005

Listed (Active)

NWMLS #25034347

$399,950
03/16/2004

Sold

NWMLS #24029543

$315,500
03/08/2004

Pending

NWMLS #24029543

—
03/08/2004

Listed (Active)

NWMLS #24029543

$339,950
03/07/2004

Pending

NWMLS #24029543

—
03/07/2004

Listed (Active)

NWMLS #24029543

$339,950

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14720 40th Avenue West

Taxable ValueLand$460,800Additions$457,000Total$917,800
Tax Record2023$7,518 ($627 / month)
Home Facts
Baths3Total Finished SqFt2,784 SqFtAbove Ground SqFt2,784 SqFtStories2Lot Size14,810 SqFtStyleDuplexYear Built1995ZoningMRCountySNOHOMISHAPN00570400300904

Schools near 14720 40th Avenue West

This home is within Mukilteo School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Picnic Point Elementary School
PublicK to 5

Olympic View Middle School
Public6 to 8

Kamiak High School
Public9 to 12

Sno-Isle Skills Center
Public11 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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14720 40th Avenue West is a multi-family home for sale in Lynnwood, WA 98087. This property was listed for sale on January 14, 2025 by Keller Williams Rlty Bellevue, it's currently listed at $1,149,950. It has been on the market for a total of 36 days and was last sold on February 12, 2020. This listing's school district is Mukilteo School District. Nearby schools include Picnic Point Elementary School, Olympic View Middle School and Kamiak High School. 14720 40th Avenue West is a 6-bed, 5-bath, 2,784 sqft multi-family home built in 1995.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Rlty Bellevue

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.