19628 68th Ave W Lynnwood, WA 98036
31-unit apartment building with value-add potential in Lynnwood, Washington.
Type:Commercial
Property size:
22,100 SF- Added:
- Jun 25, 2025
- Days on Market:
- 300
- Last Refresh:
- Apr 5 at 8:40 pm
Property Features for 19628 68th Ave W
General Information
- Standard status
- Active
- Size
- 22,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agent BRIAN PLATT
Listing office PARAGON REAL ESTATE ADVISORS
Listing date Jun 25, 2025
Source Corcoran
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 PARAGON REAL ESTATE ADVISORS
Overview
Lynnwood Multifamily Investment Opportunity
The Chrimar Apartments present a multifamily investment opportunity in the Lynnwood market. This 31-unit property offers immediate operational upside with the opportunity to increase rents and reposition the asset. The building consists of 4 one-bedroom/one-bath units, 25 two-bedroom/two-bath units, 1 three-bedroom/1-bath unit, and 1 three-bedroom/one-and-a-half-bath townhouse unit. Five of the units have recently been turned over and are in the process of lease up. The property features a large common laundry room for tenant convenience. Additionally, there is a RUBS system currently in place for ownership reimbursement of utility costs. Situated on two tax parcels with an expansive 61,419 square feet of land, the property encompasses a total building size of 22,100 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lynnwood
- County
- Snohomish
- State
- Washington
- Longitude
- -122.326
- Latitude
- 47.8206
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 31-unit apartment building with value-add potential in Lynnwood, Washington.
Where is this apartment building located?
The property is located at 19628 68th Ave W Lynnwood, WA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Value‑add multifamily investment opportunity.; 31 units in a thriving Lynnwood market.; Opportunity to increase rents and reposition the asset.
