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… Read More 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. Read Less
Listing courtesy of Green Path Real Estate
Listing Snapshot
Cumulative Days Active
5
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
3
Square Ft.
2,335
Lot Size
1.23 Acres
Year Built
1973
Property Tax
$7,602
MLS Number
2581868
Additional Details
Appliances & Equipment
Microwave, Refrigerator, Stove(s)/Range(s)
Building
Built in 1973, Built in 1973 (effective), Living area: 2335, Building faces Northwest, Levels: Multi/Split, Construction Materials: Wood
Cooling
Heat Pump
Exterior Features
Wood
Fireplaces
2 fireplaces
Floors
Ceramic Tile, Hardwood, Carpet
Foundation
Poured Concrete
Heating
Heat Pump
Home Owner's Association
Association Fee: $0
Interior Features
Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Water Heater
Lot
1.23 acres, Dead End Street, Open Space, Paved, Topography: Level, Fruit Trees, Garden Space
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
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