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$1,050,000
16206 2nd Place W, Lynnwood, WA 98087-6620
Lynnwood, WA, 98087
Active · 1 days on market
0Sq Ft
1990Year built
0.45Lot (acres)
Multi FamilyType

About this home

Investor alert: A durable, cash-flowing duplex in one of Snohomish County’s most rentable pockets — projected at approximately $69,780 in gross annual rent and a 5.23% cap rate, with upside as rents reset to market.Two ways to win: an established investor acquires a fully leased two-home asset with stable, diversified cash flow from day one. For someone stepping into multifamily for the first time, there is the possibility to live in one unit while the second covers much of your mortgage as a unit becomes available. This is a lower-risk entry into income property for a diverse set of investor profiles.The layout and location are a real assets, too: these are two full 3-bedroom, 2-bath homes — the size and layout people search for and stay in — with quick access to the region’s largest employers via the new light rail to Seattle and the Bellevue/Eastside corridor, keeping a broad, credit-worthy tenant pool competing for quality 3-bedroom rentals.Each home is built to lease fast and stay leased: attached two-car garage, in-unit full-size washer and dryer, private fenced yard, and a comfortable single-family-style layout.

Exterior features

Wood

Schools

District: Edmonds

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Courtesy of Windermere Real Estate/Summit. The data relating to real estate for sale on this site comes in part from the Northwest Multiple Listing Service (NWMLS). Listings held by brokerage firms other than this brokerage are marked by the three-tree symbol; detailed information about such listings includes the name of the listing brokerage. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. All information is deemed reliable but not guaranteed and should be independently verified.

Based on information from the Northwest Multiple Listing Service as of September 18, 2026.

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