5302 212 Street SW, Mountlake Terrace, WA 98043

$849,000
3,087
SqFt

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Listing Broker: Coldwell Banker Danforth; Ben C. Snyder; 206-371-2674; SnyderEstates@gmail.com

List Price
$849,000
Status
ACTIVE
MLS#
2595324
Days on Market
0
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
3,087
Area Total SqFt
3087
Annual Tax Ammount
5786
Lot Size (sq ft)
13,504
Sewer
Sewer Connected

Property Description

House Hackers and DADU builders: This 13,000+sqft multifamily zoned property includes a three level 3,000+sqft duplex that can be lived in for half the mortgage or transformed into a triplex. The backyard has stamped architecture & structural plans and a comprehensive geotech report ($12K) for two DADU's and a new 6" sewer line from the street was installed just two months ago($15K). New roof, fully updated units, 1-car garage plus 5 additional parking spots. New townhouses next door valued at $750-800K each without any land. This is a move-in ready property with great long-term potential

Additional Information

List Date
2026-10-16 23:43:12
Community
Mountlake Terrace
Net Operating Income
$48,614
Gross Adjusted Income
$50,614
Gross Scheduled Income
$56,400
Total Monthly Income
$4,700
Insurance Expenses
$100
Water/Sewer/Garbage Expenses
$2,000
Gross Rent Multiplier
15
Total Expenses
$7,886
Cap Rate
6
Vacancy Rate
5
Total Number of Units
2
Unit Name
5302
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1937
Roof
Composition, Flat
Energy Source
Electric
School District
Edmonds
Total Monthly Income
$4,700
Gross Scheduled Income
$56,400
Vacancy Rate
5
Gross Adjusted Income
$50,614
Tax Year
2025
Insurance Expense
$100
W/S/G Expenses
$2,000
Total Expenses
$7,886
Net Operating Income
$48,614
Gross Rent Multiplier
15
Cap Rate
6
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.
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