$150,000
Est. $831/mo6815 196th Street SW #K, Lynnwood, WA 98036
• Listed May 15, 2026•117 days active · 117 cumulative
Listing Broker: WPI Real Estate Services, Inc.; Tina Lee; 425-263-1888; tina@wpirealestate.com
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Listing Broker: WPI Real Estate Services, Inc.; Tina Lee; 425-263-1888; tina@wpirealestate.com
About this home
Owner retiring after 20 years. Don't miss this exceptional chance to acquire an Asian restaurant located on a bustling main road within walking distance from Edmonds College and the newly opened T&T Supermarket. Abundant parking space for employees and customers. Fully equipped kitchen with Type 1 Hood with updated kitchen equipment. This spacious 1,951 sqf corner location boasts abundant natural light and ample free parking for customers. Owners currently working on-site and open 5 days a week. Strong partnerships with app-based delivery platforms. Excellent landlord has recently installed new rooftop A/C units.
Listed by Tina Lee • WPI Real Estate Services, Inc.
Listing updated: September 21, 2026 at 09:28am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2524979
Around this home
How much should you offer?
6815 196th Street SW #K, Lynnwood, WA 98036
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Schools
Ratings via SchoolDigger- College Place ElementaryPublic · Grades K-6 · 0.7 mi · State rank 998 of 1,1382/10
- College Place Middle SchoolPublic · Grades 7-8 · 0.8 mi · State rank 191 of 5146/10
- Edmonds Career Access ProgramPublic · Grades 9-12 · 0.4 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Business opportunity facts
As entered by the listing broker on Northwest MLS
Business
- Business name
- Asian Wok
- Business type
- Food And Beverage
- Year established
- 2009
- Years with current owner
- 21
- Employees
- 2
- Franchise
- false
Financials
- Annual gross sales
- $360,000
- Real property included
- Lease Only
Premises & lease
- Lease terms
- Assignable,Less Than 1Yr,More Than 5 Yrs
- Annual rent
- $47,000
- Lease assignable
- Yes
- Parking spaces
- 50
- Financing
- Cash
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 6815 196th Street SW #K
NWMLS via MLS Grid · Snohomish County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- May 15, 2026ListedNWMLS via MLS Grid · #2524979$150,000
- Jun 30, 2005SoldNWMLS via MLS Grid · #25029343$95,000
- Jun 24, 2005PendingNWMLS via MLS Grid · #25029343$95,000
- Mar 2, 2005ListedNWMLS via MLS Grid · #25029343$95,000
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$982 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: WPI Real Estate Services, Inc.; Tina Lee; 425-263-1888; tina@wpirealestate.com
Market pulse
Lynnwood is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 51 days.
Recent sales nearby
Within 1 mile · last 6 months$525,000 Sold
1 day ago
2 bd•1 ba•~768 sq ft•Single Family
20819 63rd Avenue W, Lynnwood, WA 98036
0%
Over list
98
Days on market
0.9 mi
Distance
$665,000 Sold
2 weeks ago
3 bd•2.5 ba•~1,952 sq ft•Single Family
6604 198th Place SW, Lynnwood, WA 98036
1%
Under list
131
Days on market
0.3 mi
Distance
$760,000 Sold
7 weeks ago
3 bd•1.25 ba•~2,046 sq ft•Single Family
18930 66th Place W, Lynnwood, WA 98036
0%
Over list
33
Days on market
0.3 mi
Distance
$750,000 Sold
8 weeks ago
3 bd•1.75 ba•~1,728 sq ft•Single Family
6716 Penny Lane, Lynnwood, WA 98036
0%
Over list
35
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 17, 2026 at 2:57 AM PT (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.
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