5607 & 5603 230th Street SW, Mountlake Terrace, WA 98043 (MLS # 2343858)
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Listing provided courtesy of Northwest MLS; Pellego, Inc.
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Attention Builders / Investors: Excellent development opportunity to build for rent or spec project. This premium 16,193 sqft site is two parcels located 1 block from MLT town center core and 5 blocks to new MLT light rail station. TC-R zoning allows flexible development options for smaller scale mixture of multifamily, townhouses or professional retail / office use. Building height allowance of 2-4 stories. Preliminary studies shows 11 unit townhome feasible with no commercial space requirement. MLT offers MFTE (multifamily tax exemption) program on qualifying projects. Great opportunity for owner operator to use or rent 1323 sqft office building and 672 sqft SFR during permit process. The office building is also listed under MLS #2342783.
| LAST UPDATED | 3/14/2025 | TRACT | Mountlake Terrace |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Mountlake Terrace |
| COUNTY | Snohomish | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | 730 - Southwest Snohomish |
|---|---|
| HEAT | None |
| LOT | 0.3717 acre(s) |
| LOT DESCRIPTION | Corner Lot, Curbs, Paved, Sidewalk |
| MLS STATUS | Active |
| STYLE | 40 - Res-Less thn 1 Ac |
| SUBDIVISION | Mountlake Terrace |
| TAXES | 8985 |
| UTILITIES | Electricity Connected, Natural Gas Available |
| ZONING | Multi-Family,Office,Residential,Retail |
TOTAL MONTHLY PAYMENT
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/3/25 12:27 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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