About this home

Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC/D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb tenant or walk the property without prior permission.

Exterior features

Cement/Concrete

Schools

Elementary

Buyer To Verify

Middle

Buyer To Verify

High

Buyer To Verify

Property details

Heating: Baseboard
Cooling: None
Flooring: Vinyl Plank
Parking: Driveway, Attached Garage
View: Territorial
Lot: Corner Lot, Paved
Water source: Public
Sewer: Sewer Connected
Levels: One

Costs

Price / sq ft: $726
Annual taxes: $4,769 (2026)

Estimate your monthly payment

$4,438/mo

Principal & interest: $4,040
Property taxes: $397

Down payment (20%) $159,800 Interest rate (%) Loan term (years)

Loan amount $639,200

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Mountlake Terrace, WA 98043

Approximate location. Contact us to confirm the exact address.

Listing courtesy of John L. Scott, Inc.— Kimberly Shaeffer.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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