$540,000
Listed at $575,0003 bd•1 ba•1,290 sq ft
2615 156th Street Sw, Lynnwood, WA 98087
• Listed 2025-02-28
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Prime Development Opportunity! Builders and investors—this is your chance to capitalize on a high-demand location 2-parcel near Alderwood Mall! The true value is in the land, as the existing home was damaged by fire. This MR-zoned lot consists of two parcels with the potential for multiple units, offering endless possibilities—townhomes, multi-family residences, condos, or single-family homes. Surrounded by newer developments, this area is experiencing tremendous growth. Enjoy unmatched convenience with easy access to I-5, I-405, and the newly opened Lynnwood Sound Transit Light Rail, making commuting a breeze. Located near Boeing, parks, and major shopping centers. This is a rare opportunity to invest in a rapidly developing community!
Listed by Olga Kovalevich • KG Realty
Listing updated: October 11, 2025 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2338780
Neighborhood mobility
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Lynnwood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 9 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 11, 2025 at 04:03am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (3)
See more →
Open Mon, Sep 7
Open Wed, Sep 9 +4$477,000
-$63,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $420K and $585K.
Rental earnings
$1,425/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$540,000Last sold price
2615 156th Street Sw, Lynnwood, WA 98087
$420,000Last sold price
15815 Admiralty Way #c7, Lynnwood, WA 98087
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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