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Listing courtesy of Green Path Real EstateEdwin G. Tian · 425-829-6399 · [email protected]
Courtesy of NWMLS
Active
12631 Ruggs Lake Road , Everett, WA 98208
Everett, WA 98208 · MLS# 2581868
$950,000
- 4 beds
- 3 baths
- 2,335 sq ft
- Built 1973
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About this home
Prime Investment & Development Opportunity in South Everett's Ruggs Lake Community! Rare 1.23-acre (53,579 SF) lot zoned LDMR, allowing 1 unit per 4,000 SF — with rezone potential to MR (1 unit per 2,000 SF), doubling density for townhome or multi-unit development. Based on current zoning, an estimated 10–16 units may be buildable on this lot (buyer to verify with Snohomish County Planning Department). This is a rare opportunity to secure a sizable, flexible parcel in a well-established neighborhood with strong rental demand and limited comparable inventory. Spacious 4-bed, 2.5-bath home (2,335 SF), with rental potential of approximately $3,000/mo, offering holding income while permitting and entitlements are finalized. Sewer available in street, simplifying future development costs. Tucked on a quiet dead-end road with community access to Ruggs Lake, the property offers a peaceful setting while remaining minutes from Mill Creek Town Center, shopping, dining, and major employers. With Snohomish County's continued population growth and rising demand for multi-family housing, this property offers a compelling blend of immediate utility and long-term development upside. Ideal for developers or investors pursuing a multi-unit build-out, or investors seeking a buy-and-hold asset with significant appreciation potential. Buyer and buyer's agent to independently verify zoning, unit count, and development feasibility with Snohomish County.
Details
- Status
- Active
- MLS number
- 2581868
- Property type
- Residential
- Lot size
- 53,579 sq ft
- Cumulative days on market
- 5
- County
- Snohomish
- Style
- Single Family Residence
- Levels
- Multi/Split
- Basement
- None
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Appliances
- Microwave, Refrigerator, Stove(s)/Range(s)
- Flooring
- Ceramic Tile, Hardwood, Carpet
- Parking
- Attached Garage, RV Parking
- New construction
- No
- Annual property tax
- 7601.89
- Tax year
- 2026
Listing data and disclosures
Listings courtesy of Northwest MLS as distributed by MLS GRID.
This icon marks listings provided courtesy of the Northwest Multiple Listing Service (NWMLS).
Some IDX listings have been excluded from this website. This site shows homes listed for sale in King and Snohomish counties within the last 30 days, excluding manufactured homes, and listings anywhere in Washington that are licensed adult family homes on the DSHS list, mention adult family home use, or are single-story houses suited to it.
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Displayed by Henos Adhana, licensed Washington real estate broker #25016434, eXp Realty. To report an error in this information, call (206) 203-4944 or email [email protected].