19207 60th Avenue W, Lynnwood, WA 98036
- $1,812,500
- 5,220
- SqFt
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Roopa Group.
- Sold Price
- $1,812,500
- List Price
- $1,900,000
- Status
- SOLD
- MLS#
- 2472323
- Closing Date
- May 13, 2026
- Days on Market
- 36
- Style
- 55 - 5-9 Units
- Finished SqFt
- 5,220
- Area Total SqFt
- 5220
- Annual Tax Ammount
- 12530
- Lot Size (sq ft)
- 21,344
- Sewer
- Sewer Connected
Property Description
Rare opportunity to acquire a well-maintained 8-unit property in desirable Lynnwood location. The property offers investors a strong in-place tenant base with clear upside through a proven value-add strategy, already implemented in 50% of the units. The unit mix consists of three 1-bedroom + den units, four 2-bedroom units, and one spacious 2-bedroom + den unit. 4 of the units have been fully renovated with the remaining units having received upgrades over time. The Village Manor Apartments has also received modernization to many of the buildings systems including double-pane vinyl windows, Square D electrical panels, electric baseboard heating, and predominantly PEX plumbing. The brick exterior, combined with recently painted doors and eaves, contributes to strong curb appeal and long-term durability.
Additional Information
- List Date
- 2026-04-07 00:00:00
- Community
- Lynnwood
- Net Operating Income
- $107,205
- Gross Adjusted Income
- $152,133
- Gross Scheduled Income
- $160,140
- Total Monthly Income
- $13,345
- Insurance Expenses
- $9,369
- Water/Sewer/Garbage Expenses
- $12,729
- Gross Rent Multiplier
- 11.86
- Total Expenses
- $44,928
- Cap Rate
- 5.64
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 19207
- Potential Terms
- Cash, Conventional
- Year Built
- 1957
- Roof
- Composition
- Other Expenses
- 10300
- Energy Source
- Electric
- School District
- Edmonds
- Total Monthly Income
- $13,345
- Gross Scheduled Income
- $160,140
- Vacancy Rate
- 5
- Gross Adjusted Income
- $152,133
- Tax Year
- 2025
- Insurance Expense
- $9,369
- W/S/G Expenses
- $12,729
- Total Expenses
- $44,928
- Net Operating Income
- $107,205
- Gross Rent Multiplier
- 11.86
- Cap Rate
- 5.64
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.