Remodeled Side-by-Side
14213 Admiralty Way, Lynnwood, WA 98087
For Sale
$975,000
Two townhouse-style residences feature updated interiors, private fenced outdoor areas, and flexible owner-occupant or rental use.
Property Size1,980 SF
Lot Size0.49 Acres
Price / SF$492.42
Days on Market54
Property Features for 14213 Admiralty Way
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Listed By:
Ron Rougeaux
(360) 338-8355
Source:
Pnwhomesgroup
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 6 at 8:48AM
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 Ron Rougeaux
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Investment Insights
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This side-by-side duplex contains two townhouse-style residences totaling 1,980 square feet. Built in 1980, both units have been remodeled with contemporary kitchens, white cabinetry, quartz countertops, stainless steel appliances, refreshed bathrooms, updated flooring, and modern lighting. Spacious living rooms include fireplaces, while large windows and recessed lighting contribute to bright, open interiors. Each residence has a separate living arrangement and its own fully fenced area.
The property occupies a 0.49-acre lot zoned R-7,200 at 14213 Admiralty Way in Lynnwood, Washington. Its configuration supports privacy between the two homes and accommodates a range of ownership arrangements, including living in one unit while leasing the other. Shopping, dining, transit, and major commuter routes are accessible from the property. Any future development or additional-unit possibilities should be verified with Snohomish County.
The property occupies a 0.49-acre lot zoned R-7,200 at 14213 Admiralty Way in Lynnwood, Washington. Its configuration supports privacy between the two homes and accommodates a range of ownership arrangements, including living in one unit while leasing the other. Shopping, dining, transit, and major commuter routes are accessible from the property. Any future development or additional-unit possibilities should be verified with Snohomish County.
Key Highlights
- Two‑unit duplex totaling 1,980 square feet
- Townhouse‑style side‑by‑side layout with separate living spaces
- Remodeled kitchens with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,006
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,120
$660.1K
Cap Rate 7%
$471,514
$471.5K
Cap Rate 9%
$366,733
$366.7K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$49.9K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$47.2K $23.81/SF
− OpEx
−$14.1K −$7.14/SF
NOI
$33.0K $16.67/SF
Area
Snohomish County, WA
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,120
Cap Rate 7%
$471,514
Cap Rate 9%
$366,733
Alternative Uses
Best Use
Multifamily LT 5
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$423.1K
$370.2K – $493.6K
NOI $29,615 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$552.2K
$483.2K – $644.2K
NOI $38,653 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
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Business Placement
Demographics for 98087, WA
40,711
Population
16,625
Households
2.4
Avg Household Size
35
Median Age
39%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
7,142
Density / Sq Mi
$106,541
Median Household Income
$56,592
Median Earnings
$2,010
Median Rent
$633,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style residences feature updated interiors, private fenced outdoor areas, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 14213 Admiralty Way Lynnwood, WA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,980 square feet; Townhouse‑style side‑by‑side layout with separate living spaces; Remodeled kitchens with quartz countertops and stainless steel appliances
