19618 -19628 68th Avenue W Lynnwood WA 98036 MLS #NWM2396882

Listing Provided Courtesy of Paragon Real Estate Advisors
The Chrimar Apartments is a unique value add multifamily investment opportunity in the thriving Lynnwood market. This 31-unit property offers investors immediate operational upside with the opportunity to increase rents and reposition the asset. The building consists of 31 units made up of 4 one bedroom/one bath units, 25 two bedroom/two bath units, 1 three bedroom/1 bath unit and 1 three bedroom/one and a half bath townhouse unit. 5 of the units have recently been turned over and are in the process of lease up. The property features a large common laundry room for the tenant’s convenience. Additionally, there is a RUBS system currently in place for ownership reimbursement of utility costs.

Property Details

Price:
$4,495,000
MLS #:
NWM2396882
Status:
Active
Beds:
0
Baths:
0
Address:
19618 -19628 68th Avenue W
Type:
Multi Family
Subdivision:
Lynnwood
Neighborhood:
730 – Southwest Snohomish
City:
Lynnwood
Listed Date:
Jun 24, 2025
State:
WA
Finished Sq Ft:
22,100
Total Sq Ft:
22,100
ZIP:
98036
Lot Size:
61,419 sqft / 1.41 acres (approx)
Year Built:
1962

Schools

School District:
Edmonds

Interior

Cooling
None
Heating
Baseboard

Exterior

Construction Materials
Brick
Exterior Features
Brick
Parking Spots
51
Roof
Built- Up

Financial

Net Operating Income
$351,331
Tax Year
2024
Taxes
$50,566

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19618 -19628 68th Avenue W
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