5911 200th Street SW, Lynnwood, WA 98036
- $2,065,000
Listing courtesy of Blake Investment Advisors. Selling Office: Urban Commercial Partners, LLC.
- Sold Price
- $2,065,000
- List Price
- $2,100,000
- Status
- SOLD
- MLS#
- 2500644
- Closing Date
- May 26, 2026
- Days on Market
- 7
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Annual Tax Ammount
- 14042
- Lot Size (sq ft)
- 13,068
- Sewer
- Sewer Connected
Property Description
SELLER FINANCING AVAILABLE with 25% Down, 5% Year 1 & 2 Interest Rate, 8-year term with interest-only payments | The Lynnwood Apartment Homes is a well-maintained, 5-unit, condo-quality apartment building owned and cared for by the original developer since its construction in 1991. Unit 101 is a townhouse-style residence featuring 2 bedrooms, 2.5 bathrooms, 1,551 square feet of living space, and a rare private three-car garage. This spacious unit also includes skylights in both of the upstairs bathrooms and a vaulted ceiling in the master bedroom. The remaining four units are stacked two-bedroom, two-bathroom layouts averaging approximately 1,220 square feet. Each unit is equipped with a gas fireplace, in-unit laundry, dishwasher, disposal, and a two-car tandem garage with motorized garage doors. The exterior was repainted in 2024, and the south side of the property was also resided that year with Hardie Plank siding. The 3-car parking lot has also been recently resealed and striped.
Additional Information
- List Date
- 2026-05-19 00:00:00
- Community
- Lynnwood
- Net Operating Income
- $98,960
- Gross Adjusted Income
- $133,152
- Gross Scheduled Income
- $140,160
- Total Monthly Income
- $11,680
- Insurance Expenses
- $5,652
- Water/Sewer/Garbage Expenses
- $9,198
- Gross Rent Multiplier
- 14.9
- Total Expenses
- $34,192
- Cap Rate
- 4.71
- Vacancy Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 5911
- Potential Terms
- Owner Will Carry
- Year Built
- 1991
- Roof
- Composition
- Other Expenses
- 5300
- Energy Source
- Electric
- School District
- Edmonds
- Total Monthly Income
- $11,680
- Gross Scheduled Income
- $140,160
- Vacancy Rate
- 5
- Gross Adjusted Income
- $133,152
- Tax Year
- 2025
- Insurance Expense
- $5,652
- W/S/G Expenses
- $9,198
- Total Expenses
- $34,192
- Net Operating Income
- $98,960
- Gross Rent Multiplier
- 14.9
- Cap Rate
- 4.71
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.