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Lynnwood, Washington

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Lynnwood is a city in Snohomish County, Washington. The city is part of the Seattle metropolitan area and is located 16 miles north of Seattle and 13 miles south of Everett. Lynnwood is a great city to own investment properties. Home to Alderwood shopping center and close to major employers, Duplexs, triplexes, fourplexes, and multi-unit apartment buildings for sale in Lynnwood are affordable and can bring in a great return. Multi-family rental properties in Lynnwood can usually be purchased at a 5% Cap Rate, 11.5 Gross Rent Multiplier, and $100,000 per unit. 

Lynnwood, Washington Demographics (2019):

  • Population: 39,379
  • Owner Occupied Housing Units: 7,989
  • Median Age: 38.5
  • Median Home Value: $368,459
  • Number of Households: 15,346
  • Renter Occupied Housing Units: 7,357
  • Median Household Income: $63,275
  • Average Household Size: 2.53

 

 

Newest Multi-Family Listings Near Lynnwood:

15328 40th Avenue W, Lynnwood image
15328 40th Avenue W, Lynnwood $969,000

Brand-new roof installed in August 2026! Attractive 4-plex ideally located near Hwy 99, I-5, & 405. Enjoy a desirable unit mix of 3 - 2 bed, 1 bath units and 1 - 1 bed, 1...

  • 2575395 MLS
  • ACTIVE Status
Courtesy of Windermere Real Estate Co.

Listing courtesy of Windermere Real Estate Co..

514 124th Place SW Unit #1-4, Everett image
514 124th Place SW Unit #1-4, Everett $1,115,000

Fully leased 1978 four plex. Four identical 2 bedroom, 1 bath units at 892 square feet each, all on 12 month term leases with staggered expirations into 2027.Eleven parki...

  • 2577015 MLS
  • ACTIVE Status
Courtesy of Real Broker LLC

Listing courtesy of Real Broker LLC.

3432 Lombard Avenue, Everett image
3432 Lombard Avenue, Everett $825,000

The Lombard Ave Fourplex is a fully renovated four-unit multifamily property located at 3432 Lombard Ave in Everett’s desirable Port Gardner neighborhood. Originally cons...

  • 2575389 MLS
  • ACTIVE Status
Courtesy of Paragon Real Estate Advisors

Listing courtesy of Paragon Real Estate Advisors.

6101 McDougal Avenue, Everett image
6101 McDougal Avenue, Everett — Pinehurst Div A Replat $712,000

Turnkey duplex investment opportunity in Everett's desirable Pinehurst neighborhood! Built in 1999 offering over 2,000 sq ft, this well-maintained property features two s...

  • 2571254 MLS
  • ACTIVE Status
Courtesy of Real Broker LLC

Listing courtesy of Real Broker LLC.

8228 226th Street SW Unit #A/B, Edmonds image
8228 226th Street SW Unit #A/B, Edmonds $1,399,999 ▼

Rare opportunity in Edmonds! This hard-to-find (pre-inspected) turnkey single-level rambler duplex offers over 3,000 sq ft of total living space, with approximately 1,530...

  • 2570146 MLS
  • ACTIVE Status
Courtesy of Best Choice Realty LLC

Listing courtesy of Best Choice Realty LLC.

17816 44th Avenue W, Lynnwood image
17816 44th Avenue W, Lynnwood $1,399,000

Excellent investment opportunity! Well-maintained 6-plex in a convenient close-in urban location with easy access to I-5, shopping, transit, and area amenities. Strong in...

  • 2570048 MLS
  • ACTIVE Status
Courtesy of Kelly Right RE of Seattle LLC

Listing courtesy of Kelly Right RE of Seattle LLC.

318 3rd Avenue S, Edmonds image
318 3rd Avenue S, Edmonds $1,225,000

Edmonds Bowl Triplex is being offered for the first time in over 45 years, presenting a rare opportunity to acquire a well-located asset in one of Edmonds’ most desirable...

  • 2570382 MLS
  • ACTIVE Status
Courtesy of Paragon Real Estate Advisors

Listing courtesy of Paragon Real Estate Advisors.

324 3rd Avenue S, Edmonds image
324 3rd Avenue S, Edmonds $1,350,000

Edmonds Bowl 5 Unit, offered for the first time in over 45 years and Ideally situated in the heart of Downtown Edmonds, just blocks from Main Street and the waterfront. S...

  • 2570351 MLS
  • ACTIVE Status
Courtesy of Paragon Real Estate Advisors

Listing courtesy of Paragon Real Estate Advisors.

412 105th Street SW, Everett image
412 105th Street SW, Everett $779,950

Attention Investors! Everett investment opportunity featuring an income-producing duplex plus an additional 3-bedroom manufactured home on a spacious 14,810 SF lot. All u...

  • 2530416 MLS
  • ACTIVE Status
Courtesy of Kelly Right RE of Seattle LLC

Listing courtesy of Kelly Right RE of Seattle LLC.

3115 York Road, Everett image
3115 York Road, Everett $950,000 ▼

This turnkey duplex is a fantastic addition to any investment portfolio—and an ideal opportunity for house hacking. Each spacious unit features three bedrooms, 2.5 bathro...

  • 2567840 MLS
  • ACTIVE Status
Courtesy of Windermere Real Estate GH LLC

Listing courtesy of Windermere Real Estate GH LLC.

Based on information submitted to the MLS GRID as of . 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.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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