Start of property details
1 / 12
Listing courtesy of NWMLS
5507 240th Street SW
Mountlake Terrace, WA 98043
FOR
SALE
$799,000
Active
3
Beds
1
Baths
1,100
Sqft 0.18
Acres
1950
Yr. Built
MLS# 2572307
Cumulative Days on Market: 47
· Includes prior listings
· Currently listed since 08/21/26
· Data provided by the MLS.
Property Description
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.
Property Highlights
Property Type
Residential
Property Sub Type
Single Family Residence
Bedrooms
3
Total Bathrooms
1
Living Area
1,100
Price / Sqft
$726
Acres
0.18
Year Built
1950
Cumulative Days On Market
42
Location
Area
730 - Southwest Snohomish
City/Township
Mountlake Terrace
View
Territorial
Subdivision
Mountlake Terrace
County
Snohomish
Zoning
BC/D
Property Details
Price
$799,000
Property Type
Residential
Property Sub Type
Single Family Residence
Building
Structure Type
House
Levels
One
Total Area
1,100 Sqft
Community
Local Schools
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
School District
Snohomish
Interior Features
Bedrooms and Bathrooms
Total Bathrooms
1
Bathrooms on Main Level
1
Full Bathrooms
1
Bedrooms
3
Bedrooms on Main Level
3
Rooms and Basement
Basement Features
None
Area and Spaces
Living Area
1,100
Interior Features
Flooring
Vinyl Plank
Heating and Cooling
Heating Features
Baseboard
Building Details
Construction
Year Built
1950
Materials
Construction Materials
Cement
Roof
Metal, Torch Down
Terms
Terms
Special Conditions
None
Special Terms
Cash, Conventional
Cumulative Days On Market
42
Taxes
Tax
Tax (Annual)
$4,769
Heating, Cooling & Utilities
Cooling Features
None
Utilities
Sewer
Sewer Connected
Water Source
Public
Green Energy
Power Production Type
Electric
Lot
Acres
0.18
Lot Size Area Sq Ft
7,841
Lot Features
Corner Lot, Paved
Topography
Level
Exterior Features
Exterior Features
Cement/Concrete
Parking
Total Parking Spaces
1
Covered Spaces
1
Parking Features
Driveway, Attached Garage
Listing Data last updated 10/05/2026 11:00 pm
Get a Link to this Property: Copy To Clipboard
Phone:
Payment Calculator
per month.
fixed.
% interest.
$
%
$
%
Principal & Interest
+ Home Insurance
+ Property Tax
+ HOA Fees
Total interest paid over s will be:
All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice.
Information, rates, programs and loan scenarios shown are for example only as of 6-Oct-2026 and are subject to change without notice.
Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED).
All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply.
Contact your preferred lender for the pricing associated with your specific transaction.
Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
Get Walk Score Content
Property History
Today
Property information last updated
46 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 47 days (includes prior listings)
· Currently listed since August 21, 2026.
Data provided by the MLS.
Similar Properties
Listed by John L. Scott, Inc., Kimberly Shaeffer