16206 2nd Place W, Lynnwood, WA 98087

Lynnwood
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: ricardo mendes
Office: windermere real estate/summit206-410-6610
MLS#:2583629
Source:NWMLS
16206 2nd Place W,Lynnwood, WA 98087
$990,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold

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Price summary

  • Price:$990,000

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...

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Home facts

  • Year built:1990
  • Subdivision & Development:Lynnwood
  • Listing ID #:2583629
  • Updated:November 09, 2026 at 08:15 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1990
  • Lot Features:Dead-end Street, Paved
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Patio

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$990,000
  • Tax amount:$8,806 (2025)

Features and amenities

  • Amenities:Cable TV, Gas Available, High Speed Internet

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:4
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