$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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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.
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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
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (5)
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Open Tue, Aug 18 +4
Open Tue, Aug 18 +5
Open Tue, Aug 18 +4
Open Tue, Aug 18 +4
Open Tue, Aug 18 +4$541,000
+$1,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $420K and $585K.
Rental earnings
$1,625/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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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: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
