™by The Broker Team$799,000
Active5507 240th Street SW, Mountlake Terrace, WA 98043
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REPORTED FEATURES
Why you might love it
YOUR SEARCH
Why it matched
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TAKE A CLOSER LOOK
Reasons to see it in person
- Listed Aug 19
- Feel the single-level layout in person
- Explore the layout of the 7,841 sq ft lot
YOUR NEXT CHAPTER
Be ready when you find the one
- ✓Search
- 2Narrow
- 3Pre-approval
- 4Tour
- 5Offer
You’re taking a closer look. A licensed loan officer can help you prepare for the next step.
Mortgage Lending Group · Company NMLS 1157983 · Enrique Pelayo Jr. NMLS 131435
THE FACTS
Home details
Interior
- Bedrooms
- 3
- Bathrooms
- 1
- Interior area
- 1,100 sq ft
- Levels
- One
- Flooring
- Vinyl Plank
Exterior & lot
- Home type
- House
- Year built
- 1950
- Lot size
- 7,841 sq ft
- Exterior
- Cement/Concrete
- View
- Territorial
Parking
- Parking spaces
- 1
- Parking features
- Driveway, Attached Garage
Systems
- Heating
- Baseboard
- Cooling
- None
- Water
- Public
- Sewer
- Sewer Connected
Taxes & HOA
- Annual property tax
- $4,769 (2026)
- Monthly HOA
- $0
FROM THE LISTING
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.
AROUND THE HOME
Nearby places
© OpenStreetMap contributors. Straight-line distances are estimates; routes and opening hours may differ.
MLS SCHOOL INFORMATION
Schools
Snohomish School District
School assignments can change. Confirm with the district before you decide. No ratings or rankings are provided.
CURRENT CITY LISTINGS
Market snapshot
Mountlake Terrace
City-wide active listings in our approved IDX feed · 10/12/2026, 9:58:26 PM Pacific.
KEEP EXPLORING
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See all similar homes →A FEW THINGS TO VERIFY
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Built in 1950 · About 76 years old.