6616-6630 202nd Street SW, Lynnwood, WA 98036

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.