6303 194th Street SW, Lynnwood, WA 98036
- $765,000
- 2,436
- SqFt
Listing Broker: eXp Realty; CL Tang; ; Selling Office: Pellego, Inc..
- Sold Price
- $765,000
- List Price
- $775,000
- Status
- SOLD
- MLS#
- 2492212
- Closing Date
- May 01, 2026
- Days on Market
- 4
- Style
- 52 - Duplex
- Finished SqFt
- 2,436
- Area Total SqFt
- 2436
- Annual Tax Ammount
- 7604.89
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
Distinctive side-by-side townhouse-style duplex on a quiet Lynnwood street, just moments from shopping, dining, and daily conveniences. Each unit offers approximately 1,218 sqft with identical, functional layouts featuring 2 bedrooms, 1.5 baths, a flexible office/computer area, and a spacious full-size utility/laundry room. Main level includes bright living and dining areas, well-appointed kitchens with ample cabinetry, and a convenient half bath. Upper level features oversized bedrooms and a full bath. Each unit enjoys a private, fully fenced backyard with patio, creating ideal outdoor space for relaxation and strong tenant appeal. Unique design with garages separating the units provides enhanced privacy with no shared living walls. Each unit includes an attached 1-car garage plus a large driveway accommodating up to 2 additional vehicles per unit, offering rare and highly desirable parking capacity. Major capital improvement includes a brand new roof (2025) & electrical upgrade. Both units are currently leased with rents below market—presenting clear value-add potential through future lease adjustments and/or cosmetic upgrades. Excellent opportunity for investors seeking stable income today with upside, or for owner-occupants planning ahead. Conveniently located near Alderwood Mall, T&T Supermarket, transit, and major commuter routes including I-5 and I-405. Don't miss this opportunity!
Additional Information
- List Date
- 2026-04-27 00:00:00
- Community
- Lynnwood
- Net Operating Income
- $26,650
- Gross Adjusted Income
- $40,800
- Gross Scheduled Income
- $40,800
- Total Monthly Income
- $3,400
- Insurance Expenses
- $2,046
- Water/Sewer/Garbage Expenses
- $1,802
- Gross Rent Multiplier
- 18.99
- Total Expenses
- $14,149
- Cap Rate
- 3.4
- Total Number of Units
- 2
- Unit Name
- 6303
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet, Patio
- Other Expenses
- 2697
- Energy Source
- Electric
- School District
- Edmonds
- Elementary School
- Lynndale ElemLd
- Middle School
- Meadowdale Mid
- High School
- Meadowdale High
- Total Monthly Income
- $3,400
- Gross Scheduled Income
- $40,800
- Gross Adjusted Income
- $40,800
- Tax Year
- 2026
- Insurance Expense
- $2,046
- W/S/G Expenses
- $1,802
- Total Expenses
- $14,149
- Net Operating Income
- $26,650
- Gross Rent Multiplier
- 18.99
- Cap Rate
- 3.4
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.