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JRJeff ReynoldsCompass · Seattle
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Listed by Sam Burke, John L. Scott Snohomish

Land
Type
48,787 sq ft
Lot
8
Days on market

About this property

DEVELOPMENT OPPORTUNITY! This 1.12-acre parcel is zoned MR (Multiple Residential), offering strong investment potential for apartments, townhomes, multifamily housing, or DADUs. Sewer, water, and power are available in the street, and the property has direct access to 148th St SW with public transit nearby. Buyers should verify zoning, utility availability, and development potential with the county. In the meantime, the home offers comfortable living or rental income while future plans take shape. The 1,692-square-foot tri-level features 3 bedrooms and 2.5 bathrooms, a bright living room with vaulted ceilings and a bay window, and a kitchen with hardwood flooring, a breakfast bar, and adjacent dining. The family room includes a wood-burning stove and sliding glass doors to the backyard, and the primary suite has its own en-suite bath. Whether you’re an investor, builder, or homeowner planning for the future, this property offers real value today and meaningful upside ahead.

Location & commute

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Directions

Property details

Listing details

Listing number
#2556116
Listed
July 8, 2026
Days on market
8

Unit & building

Building
Alderwood Manor

Construction

Style
41 - Res-Over 1 Acre
Structure
None

Lot

Lot features
Dead End StreetPaved
Lot size
48,787 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Utilities
Electricity ConnectedNatural Gas AvailableSeptic Design Installed
Water
AvailableOn Property
Sewer
In Street

Schools

District
Mukilteo

What stands out to you?

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  • None
  • Dead End Street
  • Paved
  • Cash
  • Conventional
  • FHA
  • VA Loan
  • Electricity Connected
  • Natural Gas Available
  • Septic Design Installed
  • Available
  • On Property

Listing history

  1. Listed

    $1,399,950

    July 8, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$8,152

Principal & interest
$7,079
Property tax (est.)
$1,073

Assumes $279,990 down (20%), a $1,119,960 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 16, 2026 at 4:30 PM PDT. 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.