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15215 Larch Way Lynnwood, WA 98087

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For Sale
$1,100,000

Fully rented duplex with expansion potential near Martha Lake.

Lot size:
0.35 Acres

Property Features for 15215 Larch Way

General Information

Standard status
Active
Lot size
0.35 Acres

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Listing Contact
Kyle Moore
Source: Corcoran

Listing Agency: MACPHERSON'S REAL ESTATE SERV. Listing Agent: Kyle Moore

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Duplex on Oversized Lot

This fully rented duplex is situated on an oversized lot, located just half a block from the north end of Martha Lake. The property presents a unique investment opportunity with upside potential, including a ready-made building site. A newly recorded ingress/egress easement across the southern neighbor provides access to the backyard, potentially allowing for the addition of up to two more units. The lot is equipped with power and sewer connections, and has no wetlands. The large backyard offers the possibility of converting the duplex into a quadplex. The property includes natural gas furnaces and garages. Long-term tenants are in place with under market rents, allowing for immediate income while exploring expansion possibilities.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Lynnwood
County
Snohomish
State
Washington
Longitude
-122.2403432
Latitude
47.8596154

FAQs

What type of property is this?
Duplex - Fully rented duplex with expansion potential near Martha Lake.
Where is this duplex located?
The property is located at 15215 Larch Way Lynnwood, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: - Fully rented duplex provides immediate income.; - Located half a block from Martha Lake.; - Potential to add up to 2 more units, converting the duplex into a quadplex.
More about this property
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