5302 212th Street SW, Mountlake Terrace, WA 98043 (MLS # 2403685)
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Listing provided courtesy of Northwest MLS; Coldwell Banker Danforth
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Many options with this investment opportunity. Legal duplex on multifamily zoned lot that offers untapped potential for future expansion by adding multiple additional units. The upper unit is 1,008 square feet and has been tastefully updated, while the lower unit boasts two stories of living space at 2,079 square feet, along with a newly renovated 320sqft garage. With a combined rental income of $4,180, you can choose to occupy one unit and lease the other. Pre-approved for future development of three townhomes or the option for two single-family residences or tiny homes. Each option assume duplex stays. 5+ townhouses would be possible if the duplex was removed. See the brand new 18-unit townhouse development next door for inspiration.
| LAST UPDATED | 7/10/2025 | TRACT | Mountlake Terrace |
|---|---|---|---|
| YEAR BUILT | 1937 | COMMUNITY | Mountlake Terrace |
| COUNTY | Snohomish | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 730 - Southwest Snohomish |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| INTERIOR | Ceramic Tile |
| LOT | 0.31 acre(s) |
| LOT DESCRIPTION | Curbs, Open Space, Paved, Sidewalk |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 52 - Duplex |
| SUBDIVISION | Mountlake Terrace |
| TAXES | 6031 |
| UTILITIES | Sewer Connected |
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 7/11/25 7:51 AM 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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