2802 148th Street SW, Lynnwood, WA 98087 (MLS # 2567527)
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Listing provided courtesy of Northwest MLS; Kelly Right RE of Seattle LLC
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17-UNIT TOWNHOME DEVELOPMENT - PRELIMINARY UNIT LOT SUBDIVISION APPROVED. Exceptional opportunity to acquire an advanced 17-unit townhome project in a prime Lynnwood location. The 17-Unit Preliminary Unit Lot Subdivision is approved, significantly reducing entitlement time and development risk. The Land Disturbing Activity (LDA) permit is in final review, with approval expected soon. Project consists of two 6-unit buildings and one 5-unit building with modern 3-story, 3- and 4-bedroom townhomes ranging from approx. 1,307-1,652 SF with attached garages and private outdoor spaces. Complete architectural plans and structural design for all three buildings are included with the sale, along with available civil, site, engineering and supporting project documents. This is not a raw-land development concept. The primary subdivision approval is in place, the LDA is nearing completion, and architectural and structural design is complete, providing a clear path toward final permits and construction. Excellent Lynnwood location with convenient access to I-5, light rail, shopping, dining, schools and major commuter routes. An exceptional opportunity for a builder or developer to avoid much of the time, cost and uncertainty associated with taking raw land through planning, entitlement and design
| LAST UPDATED | 8/13/2026 | TRACT | Lynnwood |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Lynnwood |
| COUNTY | Snohomish | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | 730 - Southwest Snohomish |
|---|---|
| HEAT | None |
| LOT | 1.1 acre(s) |
| MLS STATUS | Active |
| STYLE | 42 - Multi-Family |
| SUBDIVISION | Lynnwood |
| TAXES | 9136 |
| UTILITIES | Electricity Connected, Natural Gas Available, Sewer Available |
| ZONING | Multi-Family,Residential |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/24/26 3:30 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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