Active · Residential

12105 20th St NE , Lake Stevens, WA 98258

Lake Stevens, WA 98258

$759,000

3 bedrooms · 3 bathrooms · 2,184 sq ft

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Listing provided by HomeSmart One Realty · MLS #2511444 · Active

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About this property

**Important update - Seller Financing now available** Attention Developers & Investors! Exceptional opportunity for up to 8-10 townhomes with a mixed-use component in downtown Lake Stevens. This “cookie-cutter” project offers flexibility for retail/office use with potential lake and mountain views. Flat, partial slope cleared site with no known wetlands, creeks, or critical areas, supporting a smoother permitting process. Zoned CBD (Central Business District) with increased height allowances, allowing for a variety of residential, commercial, or live/work, mixed-use development strategies. Shy half acre with a renovated 3 bed / 3 bath home (Possible option to convert into ADU/MIL w/additional room downstairs/kitchenette/separate entrance), ideal for rental income or hold while permitting. Bonus Value-Add: Detached 2-car garage/shop with loft + separate entrance—ideal for ADU/DADU, office, or additional rental unit. Flexible Options: Townhome or mixed-use redevelopment, subdivide & build additional units, live on-site while developing, owner-user opportunity, long-term hold in a high-growth corridor. Highlights: no known critical areas - faster permitting, increased height allowances, rare opportunity for a clean, scalable project with strong upside. Close to to lake, parks, library, dining, schools and retail, strong demand in Snohomish County. Buyer to verify all information.

Property details

Property type: Single Family Residence
Year built: 1918
Lot size: 20,473 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $5,004 (2026)
Parking spaces: 8
School district: Lake Stevens

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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