70-Unit Multifamily Community in
6616-6630 202nd Street SW Lynnwood, WA 98036
6616-6630 202nd Street SW, Lynnwood, WA, 98036
$9,995,000
For Sale
$9,995,000
70-unit multifamily community in Lynnwood, Washington, with redevelopment potential.
Property Size42 SF
Price / SF$237,976
Days on Market315
Property Features for 6616-6630 202nd Street SW
General Information
- Standard status
- Active
- Size
- 42 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing agency
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(206) 928-2311
Listed by
Daniel Lim
(206) 928-2311
Source
Lee-associates
Added: Sep 10, 2025 Updated: Jul 6 at 8:07AM Checked: Jul 21 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
The Viking Apartments, a 70-unit multifamily community, is located in Lynnwood, Washington. Situated on a 2.31-acre site, the property comprises seven buildings and features a mix of unit types, including flats, townhomes, a duplex, and a single-family residence. The unit mix includes 1-, 2-, and 3-bedroom layouts, with an average size of approximately 606 square feet. Originally constructed between 1957 and 1962 as a motel, the property was later converted to apartments. Approximately half of the units have been updated with vinyl plank flooring. Tubs are resurfaced and cabinetry repainted during turnovers. Recent capital improvements include a full TPO roof replacement on building 6616 (2024) and new composite shingles on the duplex at 6622 (2022). The buildings are of wood-frame construction with a mix of brick, CMU, marblecrete, and wood siding. Building systems include copper plumbing including waste lines, electric baseboard heating, and individual electric water heaters. Each unit has dedicated off-street parking, with additional reserved spaces available. The property is zoned College District Mixed Use (CDM), offering long-term redevelopment potential or additional value-add opportunities. The introduction of light rail, offering 30-minute access to Downtown Seattle has transformed tenant commute patterns and is catalyzing demand for housing in the area. The property's proximity to Edmonds College, Highway 99, and the Lynnwood Transit Center places it in the heart of this transformation. The Viking Apartments represents a unique opportunity to capitalize on near-term rental upside through continued renovations, while also positioning for long-term value through location-driven demand.
Key Highlights
- Prime Location: Near Lynnwood Transit Center, Edmonds College, and Highway 99.
- Value‑Add Opportunity: Potential for rental upside through renovations.
- Diverse Unit Mix: Features 1, 2, and 3‑bedroom units.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 70-unit multifamily community in Lynnwood, Washington, with redevelopment potential.
Where is this apartment building located?
The property is located at 6616-6630 202nd Street SW Lynnwood, WA.
What is the asking price?
The asking price for this property is $9,995,000.
What are key features of this property?
This property features: Prime Location: Near Lynnwood Transit Center, Edmonds College, and Highway 99.; Value‑Add Opportunity: Potential for rental upside through renovations.; Diverse Unit Mix: Features 1, 2, and 3‑bedroom units.
