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Listing courtesy of John L. Scott, Inc.Kimberly Shaeffer · 206-475-6500 · [email protected]
Courtesy of NWMLS
Active
5507 240th Street SW, Mountlake Terrace, WA 98043
Mountlake Terrace, WA 98043 · MLS# 2596774
$749,000
- 3 beds
- 1 bath
- 1,100 sq ft
- Built 1950
Thinking of running this as an adult family home? The calculator takes the price and the area and works out cash flow and payback from your own costs.
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 the tenant or walk the property without prior permission.
Details
- Status
- Active
- MLS number
- 2596774
- Property type
- Residential
- Lot size
- 7,841 sq ft
- Cumulative days on market
- 70
- County
- Snohomish
- Style
- Single Family Residence
- Levels
- One
- Basement
- None
- Heating
- Baseboard
- Cooling
- None
- Flooring
- Vinyl Plank
- Parking
- Driveway, Attached Garage
- View
- Territorial
- New construction
- No
- Annual property tax
- 4769
- 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].