James & Angie Smith

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Listing provided courtesy of Best Choice Realty LLCNWMLSas Distributed by MLSGrid- MLS# NWM2526122MLS Provider

5208 188th Street SWLynnwood, WA 98037

Multi-Family · 6 Beds · 2,976 Sq. ft. | 0.26 Acres
$1,197,500 Active

5208 188th Street SW Overview

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Fantastically located triplex on a corner lot in Lynnwood short distance to light rail and all conveniences. Units are 2 bedroom and one and a half bath townhome style with washer and dryer. Pride of ownership with extensive improvements that include new electrical wiring, panels and plumbing throughout. The exterior was recently painted this spring. Roof was upgraded and replaced 9 years ago. This building has historically attracted long term tenancy.

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5208 188th Street SW Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,976
  • Price/Sq.ft. $402
  • Lot 0.26 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Edmonds
  • Elementary School: Cedar Vly Community
  • Middle Or Junior School: Alderwood Mid
  • High School: Lynnwood High

Income/Expenses

  • Other Expense: 1836
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 80964
  • Insurance Expense: 2733
  • Net Operating Income: 59850
  • Total Expenses: 17065
  • Total Monthly Income: 6747
  • Water/Sewer/Garbage: 4110

Building Information

  • New Construction: No
  • Year Built: 1968

Location/Region

  • Country: US
  • County Or Parish: Snohomish
  • MLS Area Major: 730 - Southwest Snohomish
  • Subdivision Name: Lynnwood

Tax Information

  • Tax Annual Amount: $8,386.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 00377900000900
  • Possible Use: Multi-Family
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Possible: 6
  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2976
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2976
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Foundation Details: Concrete Ribbon
  • Heating: Yes
  • Leasable Area: 2976
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 6
  • Parking Uncovered Total: 6

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.26
  • Lot Size Square Feet: 11326
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Torch Down
  • Structure Type: Triplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 3
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 2030
  • Beds Total: 2
  • Baths Total: 2

Unit 1 Details

  • Actual Rent: 2195
  • Beds Total: 2
  • Baths Total: 2

Unit 3 Details

  • Actual Rent: 2522
  • Beds Total: 2
  • Baths Total: 2

5208 188th Street SW Neighborhood

Community

98037 (LYNNWOOD) Demographics

39
Median Age
5,205
Population Density (per sq. mile)
45%
College Educated
$82,667
Estimated Median Income
6,433
Estimated Total Home Owners
4,603
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5208 188th Street SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5208 188th Street SW Market Data

Based on the last 30 days in this zip code

$756,129
Average List Price
$413
Average Price per Square Foot
35
Properties Sold
62
Average Days on Market
121
Properties for Sale
Calculations provided by Reliance Network

5208 188th Street SW History

Date Event Value Agent
5/19/2026Source: NWMLS Added to Database
May 19, 2026