5911 200th St SW - Apartments FOR SALE


Lynnwood, WA 98036- Outlying Lynnwood-Snohomish
$2,100,000 USD
206-618-2207
5911 200th St SW, Lynnwood, WA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/29
null | 4.71% Cap Rate

5911 200th St SW
Lynnwood, WA 98036
Outlying Lynnwood-Snohomish


HIGHLIGHTS

  • Five-unit multifamily property with condo-quality finishes and zero deferred maintenance.
  • Oversized units with full amenities, including garages, in-unit laundry, and gas fireplaces.
  • Located near Lynnwood City Center Station and major retail corridors.
  • Current cap rate of 4.71% with projected market cap rate of 6.02%.
  • Seller financing available with favorable terms and interest-only payments.

OVERVIEW

SELLER FINANCING AVAILABLE with 25% Down, 5% Year 1 & 2 Interest Rate, 8-year term with interest-only payments. The Lynnwood Apartment Homes is a well-maintained, 5-unit, condo-quality apartment building owned and cared for by the original developer since its construction in 1991. Unit 101 is a townhouse-style residence featuring 2 bedrooms, 2.5 bathrooms, 1,551 square feet of living space, and a rare private three-car garage. This spacious unit also includes skylights in both of the upstairs bathrooms and a vaulted ceiling in the master bedroom. The remaining four units are stacked two-bedroom, two-bathroom layouts averaging approximately 1,220 square feet. Each unit is equipped with a gas fireplace, in-unit laundry, dishwasher, disposal, and a two-car tandem garage with motorized garage doors. The exterior was repainted in 2024, and the south side of the property was also resided that year with Hardie Plank siding. The 3-car parking lot has also been recently resealed and striped.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

5

PRICE/UNIT

$420,000

CAP RATE

4.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1991

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,947 SF

ZONING

RMM

APN/PARCEL ID

005653-000-013-06

ASK ABOUT THIS PROPERTY

Gabe BlakeBlake Investment AdvisorsMore Info
206-618-2207

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Gabe BlakeBlake Investment AdvisorsMore Info
206-618-2207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.