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← Back to search results/Lynnwood, WA/14213 Admiralty Way
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Listed by Alan C. Sit • Sound Asset Partners LLC.
FOR SALE

$975,000

Est. $5,401/mo

1,980 sq ft

14213 Admiralty Way, Lynnwood, WA 98087

• Listed Sep 12, 2026•25 days active · 25 cumulative

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Listing Broker: Sound Asset Partners LLC; Alan C. Sit; 425-281-6016; alansit@soundassetpartners.com

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Listing Broker: Sound Asset Partners LLC; Alan C. Sit; 425-281-6016; alansit@soundassetpartners.com

About this home

Rare opportunity to own a Turnkey, beautifully remodeled side-by-side townhouse style duplex style on a spacious .49-acre R-7,200 zoned lot in a convenient Lynnwood location. Both units offer updated interiors with modern kitchens, white cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, flooring and lighting. Spacious living areas, fireplaces and thoughtful updates create a turnkey opportunity for an investor or owner-occupant looking to live in one unit while generating income from the other. Bright, open living spaces are complemented by large windows, recessed lighting and contemporary finishes throughout. Updated kitchens feature generous counter space and functional layouts ideal for everyday living and entertaining. Separate living spaces provide privacy between units, making the property well suited for multigenerational living, rental income or an owner-occupied investment. Enjoy the flexibility of a substantial lot with room for outdoor living, gardening and additional possibilities. Each unit is fully fenced in. Pending updated photos. Large, private R-7,200 lot offers intriguing future development potential. Add ADUs? Add more units? Subdivided? Convenient access to shopping, dining, transit and major commuter routes. A unique combination of move-in-ready condition, rental income potential and long-term land value. Buyer to verify development possibilities with Snohomish County.

Property type
Townhouse
Year built
1980
Interior
1,980 sq ft
Lot size
0.49 acres
Parking
RV Parking
Price / sq ft
$492
HeatingBaseboard, Ductless
CoolingDuctless
Property taxes$6,886/yr (est.)
School districtMukilteo

Listed by Alan C. Sit • Sound Asset Partners LLC

Listing updated: September 24, 2026 at 06:15pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2581341

Around this home

RexMont OfferEdge™

How much should you offer?

14213 Admiralty Way, Lynnwood, WA 98087

List price
$975,000
Down payment
$195,000

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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

Layout

  • Duplex

Flooring

  • Ceramic Tile
  • Laminate

Heating & cooling

  • Baseboard heating
  • Ductless heating
  • Ductless cooling

Schools

Ratings via SchoolDigger

Mukilteo School District

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Multi-family facts

As entered by the listing broker on Northwest MLS

Units

Total units
2
Units in building
2
Units below grade
false
Building square feet
1,980 sq ft

Income & expenses

Gross scheduled income
$65,640
Total monthly income
$5,470
Additional monthly income
$270
Gross adjusted income
$65,640
Net operating income
$56,044
Cap rate
5.7%
Gross rent multiplier
14.85
Total expenses
$9,596
Insurance
$1,435
Other expenses
$750
Water / sewer / garbage paid by
525

Parking & storage

Parking spaces
6
Uncovered parking
6
Parking type
RV Parking

Taxes & assessment

Annual taxes
$6,886
Tax year
2026
Financing
Cash, Conventional

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.

Members

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Sales & Tax Records for 14213 Admiralty Way

NWMLS via MLS Grid · Snohomish County Assessor

Every 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.

  1. Sep 12, 2026
    Listed
    NWMLS via MLS Grid · #2581341
    $975,000
    $492/sq ft
  2. Mar 17, 2014
    Sold
    NWMLS via MLS Grid · #524066
    $210,000
    $106/sq ft
  3. Jan 22, 2014
    Pending
    NWMLS via MLS Grid · #524066
    $215,000
    $109/sq ft
  4. Jan 22, 2014
    Price raised
    NWMLS via MLS Grid · #524066
    $215,000
    $109/sq ft
  5. Jul 30, 2013
    Listed
    NWMLS via MLS Grid · #524066
    $200,000
    $101/sq ft
  6. Jul 28, 2005
    Sold
    NWMLS via MLS Grid · #25079619
    $335,000
    $169/sq ft

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.

Check eligibility

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

$6,219 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: 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: Sound Asset Partners LLC; Alan C. Sit; 425-281-6016; alansit@soundassetpartners.com

Market pulse

Lynnwood is a seller's market.

Inventory is low and competition is high. Sellers have more negotiating power.

Buyer's marketSeller's market

  • 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 44 days.

Want a deeper read on this market?

Ask a RexMont agent

Market 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 4:05 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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